Licenses and Disclosures

Updated May 20, 2014

Plateau Data Services, Inc., Nationwide Mortgage Licensing System No. 1184196 and Plateau Data Services, LLC, Nationwide Mortgage Licensing System No. 1137890, d/b/a RateMarketplace (hereinafter, “RateMarketplace”)

RateMarketplace is not a lender or a broker. The information provided by you to RateMarketplace is not an application for a mortgage loan, nor is it used to pre-qualify you with any lender or broker. If you are contacted by a lender or broker that advertises with RateMarketplace and you submit a loan application to such lender or broker, your information remains between you and that lender or broker.

RateMarketplace does not endorse, warrant or guarantee service or products of any lender or broker and does not guarantee and makes no representations of any rates, points and loan programs posted by advertising lenders and brokers. All mortgage information is subject to change without notice. This is not an advertisement for credit as defined by paragraph 226.24 of Regulation Z.

RateMarketplace shall not be responsible or liable for any products, services, information or other materials displayed, purchased, or obtained as a result of any information or offer in or results of any kind obtained in connection with this website, including, without limitation, any agent referrals, loan recommendations, application, approval, prequalification, 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.

In no event will RateMarketplace be liable to anyone for any delays, inaccuracies, errors or omissions with respect to the information or the transmission or delivery of all or any part thereof, for any damage arising there from or occasioned thereby, or for the results obtained from the use of the information. The entire risk as to the accuracy, adequacy, completeness, currentness, validity and quality of any information is with the user.

ALABAMA

Alabama Mortgage Broker License No. 21881

CALIFORNIA

RateMarketplace is a Licensed Real Estate Broker, Real Estate Corporation License No. 01950130 California Bureau of Real Estate, 1651 Exposition Boulevard, Sacramento, CA 95815, 877-373-4542

RateMarketplace does not make mortgage loans or commitments.

The Housing Financial Discrimination Act of 1977 Fair Lending Notice. It is illegal to discriminate in the provisions of or in the availability of financial assistance because of the consideration of:

  1. Trends, characteristics or conditions in the neighborhood or geographic area surrounding a housing accommodation, unless the financial institution can demonstrate in the particular case that such consideration is required to avoid an unsafe and unsound business practice; or
  2. . 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 geographic 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 residence occupied by the owner and for the purpose of the home improvement of any one-to-four unit family residence. If you have any questions about your rights, or if you wish to file a complaint, contact the management of this institution or the agency noted below.

Bureau of Real Estate
1651 Exposition Boulevard
Sacramento, CA 95815

If your inquiry is forwarded to a lender that makes you an offer, within three business days from the date you submit an application to the lender you should receive from the lender a good faith estimate required under RESPA and an initial disclosure statement required under the Truth in Lending Act.

If the lender denies your request for credit and that action is based, in whole or in part, on any information contained in a consumer credit report, you have the right to obtain, within sixty days, a free copy of your consumer credit report from the credit reporting agency which compiles and maintains files on consumers on a nationwide basis.

You also have the right to dispute the accuracy or completeness of any information in a consumer credit report furnished by the consumer credit reporting agency by contacting that agency directly. An applicant, if married, may apply for a separate account.

Mortgage Loan Disclosure Statement

RateMarketplace will receive a fee from a lender upon passing along your inquiry as compensation for its services as a mortgage broker. RateMarketplace receives this fee whether or not you close your loan. This is the total compensation RateMarketplace receives from the lender for its services and the lender pays this fee. You acknowledge that this mortgage broker fee will be paid to RateMarketplace

NEW MEXICO

Mortgage Loan Company License – NMLS ID# 1137890.

OKLAHOMA

Mortgage Broker License No. MB010255.

PENNSYLVANIA

Licensed by the Pennsylvania Department of Banking Mortgage Broker License No. MB 46415

Office: 1875 South Grant Road, Suite 950, San Mateo, CA 94402

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.

Variable Interest Rate Disclosure

Pennsylvania’s Loan Interest and Protection Law applies to loans of $50,000 or less. This law requires a lender offering a mortgage with a variable interest rate to also offer a mortgage with an interest rate that will not change. This fixed interest rate mortgage must be offered to you at reasonably competitive terms and rate. On variable interest loans, the lender will explain to you how the interest rate can change in the future, the effect of changes in the index on the rate and term, and an explanation of the index.