LICENSES & DISCLOSURES

This site is operated by The Wisdom Companies, LLC. a California Limited Liability Company with its corporate headquarters in El Segundo, California ("Wisdom"). Wisdom operates personal finance websites designed to help users to get in touch with licensed mortgage brokers, licensed mortgage lenders, banks, and other providers of additional services (collectively, “service providers”).

Consumers should rely on their own judgment in deciding which available loan product best suits their needs and financial means. Consumers are not charged a fee to use Wisdom services and are under no obligation to use Wisdom to commence the financing process and Wisdom does not guarantee that completing a loan quote request will result in your receiving a loan from a service providers. Wisdom receives its compensation from the service providers for the goods, facilities and services actually provided by Wisdom.

Wisdom does not endorse, warrant or guarantee service or products of any service provider and does not guarantee and makes no representation regarding any rates, points and loan programs offered or advertised by service providers. All information is subject to change without notice. Wisdom shall not be responsible or liable for any products, services, information or other materials displayed, purchased, or obtained by consumers from our service providers, including, without limitation, any agent referrals, loan recommendations, application, approval, pre-qualification, loan or interest rate analysis. Nothing on this web site contains an offer, promise or otherwise, either to make a specific loan or that any participating lender or broker will make any loan for any purpose or on any specific terms.

The loan quote request a consumer submits is NOT an application for credit. Rather, it is a request for a loan quotation.

The Wisdom Companies, LLC currently holds the following state licenses:

In order to provide our services, some states may require Wisdom to be licensed as a mortgage broker. Please note that while certain states require at minimum one individual to be licensed as a mortgage loan originator, we neither originate loans nor employ loan originators.

Our NMLS ID Number is 1863

Alabama
Alabama Mortgage Broker's License Number 22099

Arizona
Mortgage Broker's License Number MB-0908386;
Branch License No. MBBR-0112004

Arkansas
The Wisdom Companies, LLC is a licensed Arkansas Mortgage Loan Company/Broker.
License No. 117007

California
CALIFORNIA HOLDEN ACT - FAIR LENDING NOTICE

THE HOUSING FINANCIAL DISCRIMINATION (HOLDEN) ACT OF 1977 -- FAIR LENDING NOTICE IT IS ILLEGAL TO DISCRIMINATE IN THE PROVISION OF OR IN THE AVAILABILITY OF FINANCIAL ASSISTANCE BECAUSE OF THE CONSIDERATION OF: (i) TRENDS, CHARACTERISTICS OR CONDITIONS IN THE NEIGHBORHOOD OF GEOGRAPHIC AREA SURROUNDING A HOUSING ACCOMODATION, UNLESS THE FINANCIAL INSTITUTION CAN DEMONSTRATE IN THE PARTICULAR CASE THAT SUCH CONSIDERATION IS REQUIRED TO AVOID AN UNSAFE AND UNSOUND BUSINESS; OR (ii) RACE, COLOR, RELIGION, SEX, MARITAL STATUS, NATIONAL ORIGIN OR ANCESTRY. IT IS ILLEGAL TO CONSIDER THE RACIAL, ETHNIC, RELIGIOUS OR NATIONAL ORIGIN COMPOSITION OF A NEIGHBORHOOD OR GEOGRAPHICAL AREA SURROUNDING A HOUSING ACCOMMODATION OR WHETHER OR NOT SUCH COMPOSITION IS UNDERGOING CHANGE, OR IS EXPECTED TO UNDERGO CHANGE, IN APPRAISING A HOUSING ACCOMMODATION OR IN DETERMINING WHETHER OR NOT, OR UNDER WHAT TERMS AND CONDITIONS, TO PROVIDE FINANCIAL ASSISTANCE. THESE PROVISIONS GOVERN FINANCIAL ASSISTANCE FOR THE PURPOSE OF THE PURCHASE, CONSTRUCTION, REHABILITATION OR REFINANCING OF ONE-TO-FOUR UNIT FAMILY RESIDENCES OCCUPIED BY THE OWNER AND FOR THE PURPOSE OF THE HOME IMPROVEMENT OF ANY ONE-TO-FOUR UNIT FAMILY RESIDENCE. IF YOU HAVE QUESTIONS ABOUT YOUR RIGHTS, OR IF YOU WISH TO FILE A COMPLAINT, CONTACT THE DEPARTMENT OF REAL ESTATE 2201 BROADWAY P.O. BOX 187000 SACRAMENTO, CA 95808-7000

The Wisdom Companies, LLC is a MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER.

Connecticut
Connecticut Mortgage Broker License No. MB-1863

Delaware
Mortgage Loan Broker License Number 20503

Florida
The Wisdom Companies, LLC, Florida Correspondent Mortgage Lender.
License No. MBR3109

This disclosure is written to give you notice that The Wisdom Companies, LLC does not originate mortgage loans or commitments. Although The Wisdom Companies will forward your loan request to its participating lenders, The Wisdom Companies does not guarantee acceptance into any particular loan program. Should you choose to apply for a mortgage loan with a participating lender, that lender will provide you with a Good Faith Estimate itemizing fees, including loan origination and/or other settlement service fees. The documentation you receive will also include information on whether any fees paid are refundable.

YOU ARE NOT REQUIRED TO PURCHASE ADDITIONAL PRODUCTS OR SERVICES FROM LMB OR FROM ANY PERSON OR ENTITY SUGGESTED OR RECOMMENDED BY THE WISDOM COMPANIES. HOWEVER, THE WISDOM COMPANIES RESERVES THE RIGHT TO APPROVE THE ENTITY SELECTED BY YOU, WHICH APPROVAL MAY NOT BE UNREASONABLY WITHHELD. A LENDER IS ALLOWED TO REQUIRE THE USE OF AN ATTORNEY, CREDIT REPORTING AGENCY OR REAL ESTATE APPRAISER CHOSEN TO REPRESENT THE LENDER’S INTEREST.

Georgia
The Wisdom Companies, LLC
909 N. Pacific Coast Highway, Suite 300, El Segundo, CA 90245
Georgia Mortgage Broker License No. 1863

Indiana
Indiana-SOS Loan Broker License No. 1863

Iowa
Mortgage Broker License Number 2015-0091

Louisiana
Louisiana Residential Mortgage Lending License.

Maine
Loan Broker License Number: 1863

Per Maine law, we are required to make the following disclosures. Do not sign a loan agreement before you read it. You are entitled to a copy of this agreement. We maintain records of your inquiry and advise you to print out a copy of this agreement for your own purposes.

Written Agreement or Contract
Wisdom does not act as your lender or broker. Wisdom forwards your information to our participating Mortgage Originators who then contact you directly with their offers. Our services are provided free of cost to you and we do not charge or attempt to collect any fees from you. Additionally, Wisdom cannot guarantee the lowest price or best terms or rates available on the market. Our fees are flat and are collected from our partners, the amount from which is not dependent upon whether or not a loan is closed. This agreement remains in force only for as long as you use the services offered by Wisdom. Should you discontinue this relationship, you will not incur any cost or penalty.

Escrowing of Consumer Funds
Wisdom does not collect fees or any money from the consumer, thus, no escrow account is required.

Consumer Protection Bond
A surety bond in the amount of $25,000 is on file with the Office of Consumer Credit Regulation in the State of Maine. This bond acts as consumer protection for any person or persons who may have a cause of action against a loan broker. If you have a claim against our company which cannot be resolved through informal means, you may institute an action to recover your loss from that bond by filing a written complaint with the Director, Office of Consumer Credit Regulation, 35 State House Station, Augusta, Maine 04333-0035.

Massachusetts
Massachusetts Mortgage Broker License
The Wisdom Companies, LLC
Mortgage Broker License #MB1863

Nebraska
Nebraska Licensed Mortgage Banker

North Dakota
Money Broker License Number MB102855

Ohio
Ohio Residential Mortgage Lending Act Certificate of Registration No. RM.804334.000

Oklahoma
Mortgage Broker License Number MB010611

Oregon
Oregon Mortgage Broker License No. 1863

Pennsylvania
The Wisdom Companies, LLC
Licensed by the Pennsylvania Department of Banking
Mortgage Broker License No. 71102
If you choose to transact with a Lender, you may be required by the Lender to pay an application fee to cover the costs of an appraisal, credit report or other items. The Lender determines the fee amount. Your loan documents will disclose whether these fees are refundable or nonrefundable.

Texas
Wisdom Companies, LLC
NMLS ID 1863 – has been issued a mortgage company license by the Texas Department of Savings and Mortgage Lending.

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE LOAN COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.

Virginia
Mortgage Broker License Number MC-5945

Wyoming
Mortgage Broker License Number 2738

The Wisdom Companies, LLC has received Mortgage Broker License exemptions in the following states:
Kentucky

The Wisdom Companies, LLC
909 N. Pacific Coast Highway
Suite 300
El Segundo, CA 90245