HECONOMICS™ PRIVACY POLICY

Introduction & Overview

HECONOMICS™ is an educational web application intended to be used as an illustration tool to explain FHA's reverse mortgage program called a Home Equity Conversion Mortgage (HECM). Reverse Engineer Lab LLC does not provide loan services or loan products. Results are not quotes and the material has been provided for educational purposes only.

The HECONOMICS™ data platform consists of:

HECONOMICS PRIVACY AND SECURITY STATEMENT

HECONOMICS is committed to keeping all data safe and private.

HECONOMICS does NOT share or sell any personally identifiable information (PII) to any Third Party.

HECONOMICS collects and maintains the minimum necessary personally identifiable information for ease of use. Each account user can choose whether data including PII is stored within our platform’s database or on the account user’s personal storage device (e.g. cloud drive, internal/external disk drive) to minimize any potential privacy breach.

Platform account information is secured using the appropriate safeguards outlined in the Security Section below. Examples include; secured and encrypted at the data application, and session layers.

HECONOMICS reserve the right to share aggregated, non-identifiable or anonymized, information to Third Parties for research or other industry/company purposes.

SECURITY

We adhere and use generally accepted and up to date security technologies and practices. These include, but are not limited to:

COMMITMENT TO EXCELLENCE

The information and illustrations provided by this educational web application are developed to policy requirements published by the Office of Housing and Urban Development (HUD) as of Mortgagee Letter 2021-11. The information in this educational web application should be used as an illustration and not as the ultimate source of information about a Home Equity Conversion Mortgage (HECM).

WARRANTIES AND LIABILITY

Reverse Engineer Lab LLC shall have neither liability nor responsibility to any person or entity with respect to any loss or damage caused, or alleged to be caused, directly or indirectly, by information contained in this educational web application or from any materials generated from this educational web application.

LINKS TO OTHER WEBSITES

This educational web application may provide a link that could redirect you to third party web site not operated or maintained by us. The names of companies, service providers and other similar entities are registered trademarks of their respective owners.

Copyright © 2015-2021 Reverse Engineer Lab LLC, All Rights Reserved.