Drop Mortgage, Inc. Disclosures and License Information
Drop Mortgage, Inc. is an Equal Housing Lender and licensed mortgage broker. We fully comply with the Equal Credit Opportunity Act (ECOA) and all other Federal regulations. All applicants applying for credit from Drop Mortgage will never be discouraged on the basis of race, color, religion, national origin, sex, military status, marital status, age, or because you get public assistance. All the information we request is voluntary and will be kept confidential.
For more information on the ECOA, please visit: http://www.ftc.gov/bcp/conline/pubs/credit/ecoa.shtm
Additional Drop Mortgage, Inc Disclosure Requirements
Drop Mortgage, Inc. is a licensed mortgage lender. Some states require specific licensing information, which is found below.
Drop Mortgage, Inc – NMLS ID 2611
Arizona Drop Mortgage, Inc. – 14811 N. Kierland Blvd., Ste. 100, Scottsdale, AZ, 85254 Mortgage Brokers License #0932084
California Department of Business Oversight under the California Finance Lenders Law, License No. 60DBO46086. DRE Real Estate Corporation License Endorsement No. 01523132
Colorado Regulated by the Division of Real Estate
Florida Mortgage Lender Servicer License No. MLD1392
Hawaii Mortgage Loan Originator Company License No. HI-1202262
Michigan 1st Mortgage Broker/Lender License No. FL0021626
Montana Mortgage Lender License No.1202262
Oregon Mortgage Lending License No. ML-5406
Texas SML Mortgage Company License. Texas: 21750 Hardy Oak Blvd, Ste. 102 #9 San Antonio, TX 78258; P: 210.957.7927; Branch NMLS ID: 1272392
Utah DFI Residential First Mortgage Notification
Washington Consumer Loan Company License No. CL-1202262
Wyoming Mortgage Lender/Broker License No. 3200
For Texas Consumers Only:
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER 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 MORTGAGE BANKER 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.