Credit Report Policy

Please review the following rules that govern our Credit Reporting Policy, as well as the Terms and Conditions of Use (“Terms of Use”) and Privacy Policy regarding the information that you provide to us. These terms and policies apply to the website owned, operated, licensed, and controlled by Earnest Inc., including its related, affiliated, or subsidiary companies, including, but not limited to, Earnest Operations LLC (together, "Earnest") located at www.earnest.com, and all associated Earnest sites linked to this website (collectively, the “Site”). This Site is the property of Earnest. By using this Site and allowing a credit inquiry, you agree to our Credit Reporting Policy, Terms and Conditions of Use, and Privacy Policy. If you do not agree, do not use this Site.

Earnest reserves the right, at its sole discretion, to change, modify, add or remove portions of our Credit Reporting Policy, Terms of Use, and Privacy Policy, at any time. It is your responsibility to check these policies and terms periodically for changes. Your continued use of the Site following the posting of changes will mean that you accept and agree to the changes. As long as you comply with these terms and policies, Earnest grants you a personal, non-exclusive, non-transferable, limited privilege to enter and use the Site.

USE OF CREDIT PROFILE FOR IDENTITY VERIFICATION

By checking your rate or submitting a loan application, you are certifying that you understand the services being requested are regulated by the Fair Credit Reporting Act. Any special procedures established by Earnest Operations LLC ("Earnest") for obtaining your authorization to receive information from a consumer reporting agency have been met. Furthermore, you certify that you have initiated a transaction with Earnest, and that the services being requested may be used to confirm your identity to avoid fraudulent transactions in your name.

RATE CHECK—ELIGIBILITY INQUIRY

During the application stage, we may conduct an eligibility inquiry (known as a “soft credit pull”). This inquiry does not affect your credit score. By clicking the “Get Your Rate” button on our Rate Check page during the application process, you are providing written instructions to Earnest under the Fair Credit Reporting Act, which authorizes Earnest to obtain information from your personal credit profile and/or other information from consumer reporting agencies. Upon your request, we will inform you of the name and address of any consumer reporting agency from which we obtained your consumer report.

APPLICATION SUBMISSION—CREDIT INQUIRY

When you submit your loan application, we may conduct a credit inquiry (known as a “hard credit pull” or “hard credit inquiry”), a standard step in most loan applications. This inquiry will be recorded on your credit history and may impact your credit score. By entering your Social Security Number on the “Review” page and clicking “Submit Loan Application” you are providing written instructions to Earnest under the Fair Credit Reporting Act, which authorizes Earnest to obtain information from your personal credit profile and/or other information from Experian. Upon your request, we will inform you of the name and address of any consumer reporting agency from which we obtained your consumer report.

YOUR RIGHT TO FREE CREDIT REPORTS

You have the right under the Fair Credit Reporting Act to receive one free credit report from each of the three U.S. national credit reporting agencies (Experian, Equifax, and TransUnion) during any 12-month period. You may also be able to receive free credit reports as permitted by state law (you may contact your state or local consumer protection agency or state attorney general to learn more about your rights). Please visit each company’s website to obtain a free credit report from Experian, Equifax or TransUnion.