[vc_row bg_color=”rgba(255,255,255,0.95)”][vc_column width=”1/1″ style=”” visibility=”” css_animation=”” typo_style=”” drop_shadow=”” bg_style=”” border_style=””][vc_custom_heading text=”Disclosures” font_container=”tag:h2|font_size:24|text_align:left|color:%23000000″ google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal” css=”.vc_custom_1435465542926{padding-top: 15px !important;padding-bottom: 15px !important;}”][vc_toggle title=”Equal Housing Lender” style=”default” size=”md” open=”false” el_id=”1435451094912-ad65c6ae-001d”]We conduct business in accordance with the Federal Fair Housing Law (Fair Housing Amendments Act of 1988). It is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin:
Anyone who feels he or she has been discriminated against may file a complaint of housing discrimination: 1-800-669-9777 (toll free), or 1-800-927-9275 or send to:
Office of Fair Housing and Equal Opportunity
Department of Housing and Urban Development
Room 5204
451 Seventh St. SW
Washington, DC 20410-2000
Online: http://portal.hud.gov/hudportal/HUD?src=/program_offices/fair_housing_equal_opp/online-complaint[/vc_toggle][vc_toggle title=”Fair Lending Policy” style=”default” size=”md” open=”false”]It is our policy to comply with the Equal Credit Opportunity Act and the Fair Housing Act. In addition, it is our policy to comply with state laws that provide greater protection. We do not discriminate against any applicant on the basis of race; color; religion; creed; national origin; ancestry; sex; marital status; familial status (number and age of children); sexual orientation; age (provided that the applicant has the capacity to enter into a binding agreement); medical history; disability; physical condition; military status; because the applicant has in good faith exercised any right under the Consumer Credit Protection Act or the Service members Civil Relief Act (SCRA); that all or part of a consumer’s income derives from a public assistance program; or any other basis prohibited by law.
Mortgage Wholesale does not discriminate against any applicant or discourage anyone on a prohibited basis from submitting an application. We have a clear and unequivocal statement of our commitment to a nondiscriminatory method of doing business. We have adopted the following fair lending policy.
[/vc_toggle][vc_toggle title=”Origination Fees” style=”default” size=”md” open=”false” el_id=”1435466644590-2f058c1a-1adf”]Mortgage Wholesale offers purchase, cash-out and refinance loans on a borrower paid and lender paid basis. Our Broker origination fee depends on the loan program and whether the borrower chooses lender or borrower paid. Our fees normally range from 1%-3% of the loan amount.
For example, under lender paid scenario, our broker compensation plans are predetermined with each lender we broker loans. Our fee is normally between 1%-3% of the loan amount with this fee absorbed by the rate chosen. Under borrower paid scenario, our broker compensation can be negotiated with the borrower as a flat dollar amount or a percentage but can’t exceed the predetermined lender negotiated rate. Also, a credit report will be required (usually less than $60). Any rapid re-scoring to boost credit scores will be an additional cost.
Other “third-party” fees will apply and are specific to each transaction. They would include escrow, title, underwriting, etc. Borrower’s can reference these “third-party” fees on their fees work-sheet or the HUD1.[/vc_toggle][vc_toggle title=”Communication Conscent” style=”default” size=”md” open=”false”]By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having Mortgage Wholesale and/or our licensing broker, Boulton Mortgage contact you about your inquiry by email, text message or phone to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Mortgage Wholesale or licensing broker, Boulton Mortgage.[/vc_toggle][vc_toggle title=” Third-Party Accreditation/Endorsements” style=”default” size=”md” open=”false” el_id=”1435514845883-413c6950-b211″]Since we operate as a “third party originator” (mortgage broker) ONLY in California, the companies that we represent change quite frequently. These affiliations change with consumer demands and product offerings made available through through this network of wholesale lender’s. Here’s a list of the wholesale lender’s whom we’re affiliated or may get endorsed in the future:
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