Last Updated 12/12/22
Licenses and Disclosures
NerdWallet Compare, Inc. (“we” or “us”) is a Delaware corporation with its principal place of business located at 55 Hawthorne Street, 11th Floor, San Francisco, California 94105. We provide information and tools related to loans and mortgages, and are currently accessible online at tc-rm.ru and tc-rm.ru/mortgages, and through our mobile app (the “Sites”). Certain home loan data, rates, and fees may be provided by third-party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®. Our services seek to help you find and compare lenders or products that may meet your needs. We are not a lender or underwriter. We do not take loan applications, make credit decisions, or fund or service loans. We do not enter into loan brokerage contracts with consumers, and we do not charge consumers a fee to use these services.
Alabama Mortgage Brokers License #22499
Alaska Mortgage Broker/Lender License #AK1617539
Arizona Mortgage Broker License #0943917
Arkansas Mortgage Broker License #112682
California Department of Real Estate, License #02039086
1651 Exposition Blvd., Sacramento, California 95815. Call Center: 877-373-4542
California Department of Financial Protection and Innovation, Finance Lender License #60DBO-74812
Colorado Mortgage Company Registration, NMLS ID #1617539, Ph: 415-549-8913, Regulated by the Colorado Division of Real Estate
Connecticut Mortgage Broker License #MB-1617539. NerdWallet Compare, Inc. is a mortgage broker/lead generator, not a lender or correspondent lender. NerdWallet Compare, Inc. will not make any mortgage loan commitments or fund any mortgage loans.
Connecticut Small Loan Company License #SLC-1617539
NerdWallet Compare, Inc. is licensed by the Commissioner of Banking, 260 Constitution Plaza, Hartford, Connecticut 06130
Delaware Broker License #024882
District of Columbia
District of Columbia Mortgage Broker License #MLB1617539
Florida Mortgage Broker License #MBR2372
NerdWallet Compare, Inc. does not originate mortgage loans or commitments. NerdWallet Compare, Inc. does not guarantee acceptance into any particular loan program by any participating lender, or promise any specific loan terms or conditions. If you apply for a loan request with our participating lenders, you may receive from such lenders a Loan Estimate of the credit report fee, property appraisal fee, or any other third-party fees required in connection with your loan. The documentation you receive will include the terms and conditions for obtaining a refund for said fees.
YOU ARE NOT REQUIRED TO PURCHASE ADDITIONAL PRODUCTS OR SERVICES FROM NERDWALLET COMPARE, INC. OR FROM ANY PERSON OR ENTITY SUGGESTED OR RECOMMENDED BY NERDWALLET COMPARE, INC. HOWEVER, NERDWALLET COMPARE, INC. RESERVES THE RIGHT TO APPROVE THE ENTITY SELECTED BY YOU, WHICH APPROVAL MAY NOT BE UNREASONABLY WITHHELD.
Georgia Mortgage Broker/Processor License/Registration #59828
Idaho Mortgage Broker/Lender License #MBL-2081617539
NerdWallet Compare, Inc. does not act as a lender or credit provider. If your loan request is forwarded to participating lenders, the lenders will contact you with additional information and/or offers. NerdWallet Compare, Inc. does not distribute the products of all lenders available and therefore cannot guarantee the lowest price or best terms available in the market.
NerdWallet Compare, Inc. provides its services to you at no cost to you. NerdWallet Compare, Inc. will not charge or seek fees of any kind from you. NerdWallet Compare, Inc. will receive fees from the participating lenders and may be paid based on fees for services, goods, or facilities performed or provided by us to the participating lenders.
This agreement remains in effect only as long as you seek to use the services offered by NerdWallet Compare, Inc. You may discontinue this relationship at any time, without notice, at no cost or penalty to you.
Illinois Residential Mortgage License #MB.6761457
Indiana SOS Loan Broker License #1617539
Mortgage Broker License #2017-0104
Kansas Mortgage Company License #MC.0025624
NerdWallet Compare, Inc. operates online marketplaces where individuals can learn about mortgage offerings and products and connect with mortgage professionals and financial institutions offering home loans, and is licensed with the Kansas Office of the State Bank Commissioner in accordance with the laws of the state of Kansas. This license does not represent an endorsement or recommendation of the licensee’s products or services by the Office of the State Bank Commissioner. As a consumer, you may submit a complaint or inquiry about this mortgage business by delivering a written statement to the Office of the State Bank Commissioner, 700 SW Jackson St., Suite 300, Topeka, Kansas 66603.
Louisiana Residential Mortgage Lending License NMLS ID #1617539
Louisiana Loan Broker License #001363
LOAN BROKERAGE AGREEMENT AND DISCLOSURE STATEMENT
DISCLOSURE REQUIRED BY LOUISIANA LAW
The state of Louisiana 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, see an attorney before you sign a contract agreement.
NerdWallet Compare, Inc.
55 Hawthorne St., 11th Fl.
San Francisco, CA 94105
NerdWallet Compare, Inc. is a Delaware corporation and was incorporated on January 20, 2017. NerdWallet Compare, Inc. is a wholly owned subsidiary of NerdWallet, Inc. and an affiliate of NerdWallet Insurance Services, Inc., NerdWallet Advisory, LLC, aboutLife, Inc., NerdWallet Limited, Fundera, Inc., NerdWallet Canada Inc., and NerdWallet India Private Limited.
NerdWallet Compare, Inc. began operations as a lead generator on January 20, 2017.
SERVICES WHICH MAY BE PERFORMED:
NerdWallet provides opportunities for lenders to market their loan products to consumers through a consumer-facing education and product comparison website (the “Website”). The Website enables consumers of the Website to review information about loan products in the marketplace, perform side-by-side comparison of lending options based on price, terms, and other factors, and, at the consumer’s discretion, continue to a selected lender’s website to fill out a loan application.
As required by Louisiana law, this loan broker has secured a bond by Hartford Fire Insurance Company, 690 Asylum Avenue, Hartford, CT 06111, a surety authorized to do business in this state. A certified copy of this bond is filed with the commissioner of financial institutions. Before signing a contract with this loan broker you should check with the surety company to determine the bond’s current status.
Maine Loan Broker License #1617539
Maine law requires that the disclosures below be provided to consumers before any contract is signed with, and before any money is paid to, a credit services organization or third parties.
Written Agreement or Contract
Please print out this information and save it for your records. You consent, acknowledge and agree that you have read and received a copy of this Disclosure to Consumer.
NerdWallet Compare, Inc. will not act as your lender or credit provider. NerdWallet Compare, Inc. provides your loan request to our lenders and our lenders will contact you with their conditional loan offers. While we seek to help you meet your financial needs, we do not distribute the products of all lenders or investors in the market and cannot guarantee the lowest price or best terms available in the market.
NerdWallet Compare, Inc. provides mortgage information at no cost to you. NerdWallet Compare, Inc. will not charge or seek fees of any kind from you. NerdWallet Compare, Inc. receives fees from lenders and may be paid by the lender based on services, goods or facilities performed or provided by us to the Lender.
This agreement remains in effect only as long as you seek to use the services offered by NerdWallet Compare, Inc. You may discontinue this relationship at any time, without notice, at no cost or penalty to you.
It is important that you read and understand all contracts related to any credit services you obtain. It is also important for you to retain a copy for your records.
Escrowing of Consumer Funds
NerdWallet Compare, Inc. does not accept any fees from the consumer, including third-party fees.
Consumer Protection Bond
A consumer protection bond is on file with the State of Maine. 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.
Maryland Credit Services Business License No. 28-124
Consumers have the right to review any file on the consumer maintained by any consumer reporting agency, and have the right to receive a copy of a consumer report containing all information in that file as provided under the federal Fair Credit Reporting Act (15 U.S.C. § 1681g) and Md. Commercial Law Code Ann. § 14-1206. This information will be furnished free of charge by the consumer reporting agency if requested by the consumer within 30 days of receiving a notice of denial of credit as provided under the under the same federal and Maryland laws. If the consumer has not been denied credit within 30 days of the request, the consumer reporting agency may not charge more than $5 for the report. Consumers may also dispute the completeness or accuracy of any item maintained by the consumer reporting agency, as provided under the federal Fair Credit Reporting Act (15 U.S.C. § 1681i) and Md. Commercial Law Code Ann. § 14-1208. Accurately reported information may not be permanently removed from the file.
The services to be provided to you by NerdWallet Compare, Inc. may include (a) providing educational materials regarding loan products and offers; and (b) providing a web portal that will enable you to review information about consumer loan products and offers from potential third-party lenders in the marketplace, compare lending options, and choose among available options based on price, terms, and other suitability factors. These services will be provided to you at no cost. The company does not make credit decisions and does not, and has no plans to, act as a lender, servicer, or underwriter, and will not be collecting loans.
Consumers have the right to file a complaint pursuant to Md. Commercial Law Code Ann. § 14-1911. Complaints may be filed with the Maryland Commissioner of Financial Regulation by mail at 500 N. Calvert Street, Suite 402, Baltimore, MD 21202, Attention: Consumer Services Unit.
Nerdwallet Compare, Inc. has secured a bond by Hartford Fire Insurance Company, a surety authorized to do business in this state. A certified copy of this bond is filed with the commissioner of financial institutions. You may check with the surety company to determine the bond’s current status.
Massachusetts Small Loan Company License No. SL1617539
Michigan 1st Mortgage Broker License No. FL0021059
Michigan 2nd Mortgage Broker License No. SR0021060
Minnesota Residential Mortgage Originator License No. MN-MO-1617539
NERDWALLET COMPARE, INC. IS NOT ACTING AS YOUR AGENT IN CONNECTION WITH OBTAINING A RESIDENTIAL MORTGAGE LOAN. WHILE NERDWALLET COMPARE, INC. WILL SEEK TO ASSIST YOU IN MEETING YOUR FINANCIAL NEEDS, WE CANNOT GUARANTEE THE LOWEST OR BEST TERMS IN THE MARKET.
The information on this Site may not be considered by any person to be an offer to enter an interest rate lock-in agreement under Minnesota law.
Licensed by the Mississippi Department of Banking and Consumer Finance as a Mortgage Broker License #1617539
As a borrower you are protected under the Mississippi Mortgage Consumer Protection Act.
Complaints against a licensee may be made by contacting the:
Mississippi Department of Banking and Consumer Finance
PO Box 23729
Jackson, MS 39225-3729
Montana Mortgage Broker License #1617539
Nebraska Mortgage Broker License #1617539
New Hampshire Mortgage Broker License #22314-MBR. Licensed by New Hampshire Banking Department.
New Hampshire Small Loan License #23078-SM
You or your attorney may file a complaint related to this service with the New Hampshire Bank Commissioner.
New Jersey Residential Mortgage Broker License NMLS ID #1617539. NerdWallet Compare, Inc. will not make any mortgage loan commitments or fund any mortgage loans.
New Jersey Consumer Lender License #1904006
New Mexico Mortgage Loan Company License
New Mexico Small Loan Company License #02383
IMPORTANT CONSUMER INFORMATION
This website contains some common terms and definitions, which are intended to help you better understand your credit transaction. Credit costs money, so it is important that you fully understand the terms of your credit transaction. If you come across terms you do not understand, look up the terms, or ask our personnel to explain the terms to you. Ask questions. Make certain the questions that you ask are answered. Make certain you understand the terms and costs of your loan.
Common Terms and Definitions
Equal Credit Opportunity Act (ECOA): A federal regulation which requires lenders to promote the availability of credit to all creditworthy applicants without regard to race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to contract); to whether all or part of the applicant’s income derives from a public assistance program; or to whether the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The regulation prohibits creditor practices that discriminate on the basis of any of these factors.
Contract: A written binding document, describing terms of an agreement between two or more persons. (Keep all paperwork. Later, if there are any questions, you will have your agreement in writing.)
Annual Percentage Rate (APR): The cost of your credit as a yearly rate. APR is a combination of the interest rate plus the fees charged on your loan. APR is higher than the interest rate because it includes both fees and interest as finance charges. It is intended to provide a single value for a consumer to compare the cost of credit between one lender and another. Under New Mexico law, the APR for a loan in an amount of $5,000 or less made pursuant to the Small Loan Act of 1955 or the Bank Installment Loan Act of 1959 cannot exceed one hundred seventy-five percent, effective January 1, 2018.
Finance Charge: The dollar amount the credit will cost you. Finance charges include interest, and may also include transaction fees and service fees.
Principal: The amount of money owed on a debt, on which interest is calculated.
Interest: The cost of borrowing money, generally a percentage of the amount owed.
Balance: The total amount of money owed to a lender.
Default: Failure to pay a debt as agreed to on a contract. When a loan is in default, the lender may demand full payment of the remaining debt.
Collateral: Security pledged by a borrower to protect the interests of the lender; in case of default, the lender may take ownership of the security, if any, pledged by the borrower.
Credit Bureau: A private company that keeps a record of your credit history for distribution upon request by authorized parties. When you apply for credit, a lender may request a credit report to review when considering your application.
Credit History: A record containing information about you, including your payment history on previous debts.
Credit Report: A report of the credit history and other information about you that is kept by credit bureaus, which may include: your name, address, social security number, payment history (good and bad), current and previous debts, employers, income, etc. Accurate information on a credit report may not be legally removed. Incorrect information may be removed by disputing the information to the credit bureau involved.
This provider is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website: https://www.rld.nm.gov/financial-institutions/.
North Carolina Mortgage Broker License #B-179665
NerdWallet Compare, Inc. does not make mortgage loans or commitments; NerdWallet Compare, Inc. cannot guarantee acceptance into any particular loan program by any lender or specific loan terms or conditions. You may be required by the lender to pay an application fee to cover costs of an appraisal, credit report, or other items. The lender determines the amount of the fee.
North Carolina Loan Broker Registration No. 289.
As required by North Carolina law, NerdWallet Compare, Inc. has secured a bond by Hartford Fire Insurance Company, a surety authorized to do business in North Carolina.
North Dakota Money Broker License #MB103384
NOTICE: MONEY BROKERS ARE LICENSED AND REGULATED BY THE DEPARTMENT OF BANKING AND FINANCIAL INSTITUTIONS, CONSUMER DIVISION, 2000 SHAFER STREET, SUITE G, BISMARCK, NORTH DAKOTA 58501-1204.
THE DEPARTMENT OF BANKING AND FINANCIAL INSTITUTIONS HAS NOT PASSED ON THE MERITS OF THE CONTRACT AND LICENSING DOES NOT CONSTITUTE AN APPROVAL OF THE TERMS OR OF THE BROKER’S ABILITY TO ARRANGE ANY LOAN. COMPLAINTS REGARDING THE SERVICES OF MONEY BROKERS SHOULD BE DIRECTED TO THE DEPARTMENT OF BANKING AND FINANCIAL INSTITUTIONS.
Ohio Residential Mortgage Lending Act Certificate of Registration #RM.804391.000
Oklahoma Mortgage Broker License #MB011455
Oklahoma Credit Services Organization License No. CSO 00561
As required by Oklahoma law, NerdWallet Compare, Inc. has secured a bond by Hartford Fire Insurance Company, One Hartford Plaza Hartford, CT 06155, a surety authorized to do business in Oklahoma.
Oregon Mortgage Lending License #ML-5600
Oregon Consumer Finance License #0462-001-C
NerdWallet Compare, Inc. is subject to the regulations and oversight of the Division of Financial Regulation of the Department of Consumer Business Services. Consumers’ inquiries or complaints may be made by calling 866-814-9710.
Pennsylvania Mortgage Broker License #64516
Rhode Island Loan Broker License #20173515LB
NerdWallet Compare, Inc.
South Carolina-DCA Mortgage Broker License #1617539
NMLS ID #1617539
South Dakota Foreign Corporation Entity #FB133700
South Dakota Mortgage Brokerage License #MB.00051
Texas Regulated Lender License #160370
Texas SML Mortgage Company License #1617539
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A 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 DEPARTMENT 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.
Vermont Mortgage Broker License #1404 MB
Vermont Loan Solicitation License #LSO-1617539
Disclosure to Vermont Customers:
THIS IS A LOAN SOLICITATION ONLY. NERDWALLET COMPARE, INC. IS NOT A LENDER. INFORMATION RECEIVED WILL BE SHARED WITH ONE OR MORE THIRD PARTIES IN CONNECTION WITH YOUR LOAN INQUIRY. THE LENDER MAY NOT BE SUBJECT TO ALL VERMONT LENDING LAWS. THE LENDER MAY BE SUBJECT TO FEDERAL LENDING LAWS.
NerdWallet Compare, Inc. does not take loan or mortgage applications or make credit decisions. Rather, we display rates from lenders that are licensed or otherwise authorized to work in Vermont. We forward your information to a lender you wish to contact so that they may contact you directly.
NerdWallet Compare, Inc., NMLS ID # 1617539, Virginia Mortgage Broker License # MC-6974
Washington Mortgage Broker License # MB-1617539
NerdWallet Compare, Inc. does not charge you a fee for services. The use of NerdWallet Compare, Inc.’s computerized loan comparison services are not required to obtain a residential mortgage loan. The full range of loans available may not be listed on NerdWallet Compare, Inc.’s lead generation system, and different terms and conditions, including lower rates, may be made available from others not listed in the system.
If your loan request is forwarded to one or more participating lenders, you may receive from those lenders a good faith estimate of the settlement costs and fees as required under Washington state law and a Loan Estimate form as required by the TILA-RESPA Integrated Disclosure Act.
The interest rates quoted by lenders are subject to change unless and until an interest rate lock-in agreement has been made between you and the lender. The terms and conditions of lock-in agreements, including whether the lock-in fee may be refunded, if any, will be set by the lender. NerdWallet Compare, Inc. does not offer interest rate lock-in agreements and does not guarantee any interest rate quoted by a lender.
NerdWallet Compare, Inc. will not collect any fees from you in connection with your loan request. All fees will be collected by and are payable to the lender. If the lender is licensed under the Washington Broker Practices Act, any fees paid by you for third-party services (such as a credit report or appraisal) may be held in a trust account, and any such moneys remaining after the payment to third-party service providers will be refunded to you.
If you are unable to obtain a loan for any reason and you have paid for an appraisal, title report, or credit report in full in connection to a loan made with a lender licensed under the Washington Mortgage Broker Practices Act, the lender shall give you a copy of any such document, and will transmit the originals to any other mortgage broker or lender at your direction within five (5) days of your written request. Under the Equal Credit Opportunity Act (ECOA), you are entitled to receive a copy of any appraisal you have paid for.
Washington enforces the prohibition of unfair practices with respect to credit transactions because of race, creed, color, national origin, sex, marital status, honorably discharged veteran or military status, sexual orientation, or the presence of any sensory, mental, or physical disability.
West Virginia Mortgage Broker License #MB-36126
West Virginia Credit Service Organization Registration #9A2NI
Wisconsin Consumer Act Registration, November 2018
Wisconsin Mortgage Broker License #1617539BR
Wyoming Mortgage Broker License #3063
NerdWallet Compare, Inc. provides mortgage services at no cost to you. NerdWallet Compare, Inc. will not charge or seek fees of any kind from you. This agreement remains in effect only as long as you seek to use the services offered by NerdWallet Compare, Inc.; you may discontinue this relationship at any time, without notice, at no cost or penalty to you. This agreement does not create an exclusive relationship.
NerdWallet Compare does not take mortgage applications, originate, service, or make credit decisions in connection with loans, nor does it issue commitments or lock-in agreements. NerdWallet Compare, Inc. will forward the information you provide to participating lenders. The lender will then conduct a preliminary review to determine your loan qualifications based on its guidelines and will contact you regarding its loan products and offers. NerdWallet Compare, Inc. does not distribute the products of all lenders in the market and does not guarantee that the loan terms or rates offered and made available by lenders are the best terms or lowest rates available in the market.
NerdWallet Compare, Inc. is paid an advertising fee by lenders for the goods, facilities, and services provided by NerdWallet Compare, Inc.
PLEASE PRINT AND RETAIN A COPY OF THIS AGREEMENT FOR YOUR RECORDS.