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 financial 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 Mortgage Broker's License Number 22099
Mortgage Broker's License Number MB-0908386; Branch License No. MBBR-0112004
FINANCE LENDER LICENSE 603D002
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
Connecticut Mortgage Broker License No. MB-1863
Mortgage Loan Broker License Number 20503
Indiana-SOS Loan Broker License No. 1863
Mortgage Broker License Number 2015-0091
Louisiana Residential Mortgage Lending License
The state of Louisiana has not reviewed and does not approve or disapprove any loan brokerage contract. The information contained in this disclosure has not been verified by the state. If you have any questions, consult with an attorney before you sign a loan contract.
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.
Money Broker License Number MB102855
Ohio Residential Mortgage Lending Act Certificate of Registration No. RM.804334.000
Mortgage Broker License Number MB010611
Mortgage Broker License Number MC-5945
Mortgage Broker License Number 2738
The Wisdom Companies, LLC has received Mortgage Broker License exemptions in the following states:
The Wisdom Companies, LLC
909 N. Pacific Coast Highway
El Segundo, CA 90245