Since the dawn of the internet, people have been looking for ways to invade privacy and gain access to personal information. Whether it was your Myspace account or a personal bank account — chances are someone has tried to put their grubby fingers on it.
Data Privacy Day (known across the pond as Data Protection Day) is an international event that happens every January 28th. Today’s event was created for the sole purpose of safeguarding data and educating the masses on the importance of privacy and personal information.
As a business owner, data privacy is just as important to your clients as it is to your business (probably more so.) Respecting data and personal information is how you build trust — and in the age of technology and internet dependence, nothing hurts a company more than not being trusted with customer information.
So, today, it’s time to reset some passwords and update login info; let’s look at a few ways you can keep your and your client’s data secure during this age of access.
Any data you collect from your borrowers should be treated as sacred information. Everything from their income to their P/L statements must be protected. It’s extremely important to follow security measures to protect your client’s personal information from any unauthorized access.
Whether it’s a (secure) document collection software or a paid service — keeping your client’s info in a safe place is a must. This practice not only covers your backside but gives them a sense of ease. They love to know that their data is safeguarded and not being tossed around to third-party companies.
Our Fairway partners have the luxury of using our secure online portal for client communication and document collection. Unlike email, our encrypted technology is designed to combat attacks. This feature keeps client information from falling into the wrong hands — making sure that only the correct recipients can view the sent documents. We built it to automate repetitive mortgage application tasks and protect any data shared between you and your client. No need to worry about safety when you have a platform dedicated to security.
It’s fair to say that less is more when it comes to document storage. Finding ways to reduce the size of your files and decrease the number of documents you store is the way to go. This not only keeps everything nice and neat but makes sending/receiving documents that much safer.
Fairway Wholesale Lending understands this, so we are constantly evolving how our partners send over large documents. Docutech makes it safe, secure, and simple to send/receive documents from clients.
As we head into the new year, it’s vital that you stay up to date on internet security. With new threats, increased vulnerabilities, and the evolution of our digital landscape — staying ahead of the game is key. Whether you’re a digital nomad running your entire operation off your laptop or have an office full of desktops & wires, keeping yourself informed will keep your business out of harm’s way.
To learn more about Cybersecurity trends in 2022, click here.
At Fairway Wholesale Lending, we not only arm our partners with the best in data protection and cybersecurity — our dedicated IT department constantly sends out data protection tips to keep you and your business protected. From how to secure mobile devices to backing up crucial client data, we provide our Fairway partners the knowledge to stay safe during this age of access. No more sneaky scammers or fake emails. We’re here to make sure you operate as securely as possible. That’s the Fairway.