Disclosures and Licensing
This document was last updated on February 14, 2023.
DISCLAIMER
Nationwide Mortgage Bankers, Inc NMLS# 819382 (www.nmlsconsumeraccess.org) Equal Housing Lender | 3 Huntington Quadrangle, Suite 403N, Melville, NY 11747 | (833) 700-8884 | www.ownithomeloans.com; NMB is in no way affiliated with Nationwide Mutual Insurance Company. All Country Mortgage; Americasa; Americasa Home Loans; Americasa Mortgage; Equalify; fasterfi.com; Fellowship Home Lenders; Fellowship Home Loans; First Veterans Mortgage; Lending to Heroes; Mortgage Your Best; MortgageNow; MortgageNow.com; NMB Home Loans; NMB Home Loans, Inc.; NMBNOW; NONQMNOW; Own It Home Loans; Own It Team; The Loan And Credit Pro, are registered DBAs of Nationwide Mortgage Bankers, Inc (“NMB”). Nationwide Mortgage Bankers is not acting on behalf of or at the direction of HUD, FHA, or the federal government. All loans are subject to Credit and Appraisal Approval. Program, Rates, Terms, and Conditions are subject to change without notice. This is not a commitment to lend. Licensed under the California Finance Lenders Law by The Department of Financial Protection and Innovation #60DBO73939 | Georgia Residential Mortgage Licensee | Illinois Residential Mortgage Licensee |MA Mortgage Lender License #ML819382 | Licensed by the N.J. Department of Banking and Insurance | Licensed Mortgage Banker – NYS Banking Department | Rhode Island Licensed Lender | Licensed by the Virginia State Corporation Commission.
LICENSING
| State | License Information |
| Alabama | NMB Home Loans, Inc. (FN) – Consumer Credit License # 22591 |
| Arizona | NMB Home Loans, Inc. (FN) |
| Arkansas | Mtg. Broker/Banker/Servicer license # 116238 |
| California | CA-DFPI – Finance Lender Law # 60DBO73939 |
| Colorado | Mortgage Company Registration # 819382 |
| Connecticut | Mortgage Lender License # ML-819382 |
| Delaware | Mortgage Lender License # 26151 |
| District of Columbia | Mortgage Dual Authority License # MLB819382 |
| Florida | NMB Home Loans, Inc. (FN) – Mortgage Lender License # MLD713 |
| Georgia | NMB Home Loans, Inc. (FN) – Mortgage Lender License/Registration # 59112 |
| Idaho | Mortgage Broker/Lender License # MBL-2080819382 |
| Illinois | NMB Home Loans, Inc. (FN) – Residential Mortgage License # MB.6761339 |
| Indiana | Mortgage Lending License # 819382 |
| Iowa | NMB Home Loans, Inc. (FN) – Mortgage Banker License # 2019-0084 |
| Kansas | NMB Home Loans, Inc. (FN) – Mortgage Company License # MC.0025585 |
| Kentucky | Mortgage Company License # MC700868 |
| Louisiana | NMB Home Loans, Inc. (FN) – Residential Mortgage Lending License # 819382 |
| Maine | Supervised Lender License # 819382 |
| Maryland | Mortgage Lender License # 22830 |
| Massachusetts | NMB Home Loans (FN) – Mortgage Lender License # ML819382 |
| Michigan | 1st Mortgage Broker/Lender/Servicer License # FL0022396 2nd Mortgage Broker/Lender/Servicer Registrant # SR0022351 |
| Minnesota | NMB Home Loans, Inc. (FN) – Residential Mortgage Originator License # MN-MO-819382 |
| Montana | NMB Home Loans, Inc. (FN) – Mortgage Lender License # 819382 – Mortgage Broker license # 819382 |
| Nevada | Mortgage Company License # 4969 |
| New Hampshire | Mortgage Banker License # 22702-MB |
| New Jersey | Residential Mortgage Lender License # 819382 |
| New Mexico | Loan Company License # 819382 |
| New York | NYS Department of Financial Services, Mortgage Banker License # B501004 |
| North Carolina | Mortgage Lender License # L-177277 |
| North Dakota | NMB Home Loans, Inc (FN)- Money Broker License # MB104040 |
| Ohio | Mtg. Lending Act Cert. of Registration # RM.804328.000 |
| Oklahoma | NMB Home Loans, Inc. (FN) – Mortgage Lender License # ML011914 |
| Oregon | Mortgage Lending License # ML-5673 |
| Pennsylvania | NMB Home Loans, Inc. (FN) – Mortgage Lender License # 36743 |
| Puerto Rico | Mortgage Lender/Servicer # IH-240 |
| Rhode Island | Lender License # 20193735LL – Loan Broker License # 20193825LB |
| South Carolina | NMB Home Loans, Inc. (FN) Mortgage Lender/Servicer License- MLS-819382 |
| South Dakota | NMB Home Loans, Inc. (FN) – Mortgage Lender License # ML.05278 |
| Tennessee | Mortgage License # 155902 |
| Texas | NMB Home Loans, Inc. (FN) – SML Mortgage Banker Registration # 819382 |
| Virginia | Mortgage Lender License # MC-6834 – Mortgage Broker License # MC-6834 |
| Washington | Consumer Loan Company License # CL-819382 |
| West Virginia | NMB Home Loans, Inc. (FN) Mortgage Lender License # ML-819382 |
| Wisconsin | Mortgage Banker License # 819382BA – Mortgage Broker License # 819382BR |
| Wyoming | Mortgage Lender/Broker License # 3358 |
IDFPR – Division of Banking
100 West Randolph, 9th Floor
Chicago, IL 60601
1 (312) 793-7090
Attn: OREGON APPLICANTS:
RESIDENTIAL MORTGAGE LOAN SERVICERS ARE REGULATED BY THE OREGON DIVISION OF FINANCIAL REGULATION.
TO FILE A COMPLAINT, CALL 866-814-9710 OR VISIT HTTP://DFR.OREGON.GOV.
- At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property will no longer belong to the borrower. The borrower might need to sell or transfer the property to repay the proceeds of the reverse mortgage.
- The lender charges an origination fee, a mortgage insurance premium, closing costs, or servicing fees for the reverse mortgage. The lender will add these charges to the balance of the loan.
- The balance of the reverse mortgage loan grows over time, and the lender charges interest on the outstanding loan balance.
- The borrower retains title to the property. Therefore, the borrower is responsible for paying property taxes, insurance, and maintenance-and failing to pay these amounts might subject the property to a tax lien (or other encumbrance) or to possible foreclosure.
- Interest on a reverse mortgage isn’t deductible from the borrower’s income tax return until all or part of the reverse mortgage is repaid.
Attn: TEXAS APPLICANTS:
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.
*The following notice applies only to residential mortgage loans on Texas real estate: —
COMPLAINTS REGARDING THE SERVICING OF YOUR MORTGAGE SHOULD BE SENT TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TX 78705. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 877-276-5550.
A complaint form and instructions may be downloaded and printed from the Department’s website located at www.sml.texas.gov or obtained from the department upon request by mail at the address above, by telephone at its toll-free consumer hotline listed above, or by email at smlinfo@sml.texas.gov.
