Last Updated and Effective: February 1, 2023
General. HabitFactory USA, INC., is a Delaware limited liability company located at 3435 Wilshire Blvd. #1940
Except as otherwise provided for your state, HabitFactory USA, INC. is not an agent of you or any Lender. You should rely on your own judgment in deciding which available loan product, terms and Lender that best suits your personal ﬁnancial requirements. The Lender is solely responsible for its services to you, and you agree that HabitFactory USA, INC. shall not be liable for any damages or costs of any type arising out of, or in any way connected with, your use of such services. You understand that Lenders may keep your loan request information and any other information provided by HabitFactory USA, INC. or received by them in the processing of your loan request, whether or not you are qualiﬁed for a loan with them or if you make a loan with them. In addition, HabitFactory USA, INC. may receive personally identiﬁable information regarding the disposition of your loan from the Lender in order to fulﬁll its regulatory requirements as well as for internal business purposes. You agree to notify any particular Lender directly if you no longer want to receive communications.
Credit. Any loan request you submit is NOT an application for credit. Rather, it is a request to be matched with Lenders to receive conditional loan oﬀers from Lenders. You may have to complete a full application with a Lender before they will extend an unconditional loan oﬀer. A Lender you select may require you to pay an application or other fee to cover the costs of an appraisal, credit report as well as for other items. The Lender will determine the amount of any such fee(s) and should provide information to you regarding the refundability of any such fee(s).
Federal Disclosures. Any request will be forwarded to Lenders, Brokers, Dealers, or Partners (depending on product selected) and these Partners may make certain disclosures to you. These disclosures, which are required by the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), and certain other federal and state laws, include details of your cost of credit; good faith estimates of your settlement costs (GFE) on August 1, 2015 the GFE will be called the Integrated Loan Disclosure or Loan Estimate and will be delivered to you by the Lender you select to proceed with for your loan needs; Department of Housing and Urban Development (HUD) mandated booklets “Guide to Settlement Costs” and/or “When your Home is on the Line”; notices concerning the possibility that your mortgage loan servicing may be transferred; and your right to a copy of any appraisal, if any, performed on your home. The Equal Credit Opportunity Act (ECOA) prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant’s income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The agency that administers compliance with this law varies by Lender depending on its lending authority, but may include the Federal Trade Commission, Equal Credit Opportunity, Consumer Response Center, Washington, DC 20580 or at 1-877- FTC-HELP (1-877-382-4357; TDD 1-866-653-4261; or at www.ftc.gov.
State Licenses - HabitFactory USA, INC.’s Nationwide Mortgage Licensing System (NMLS) Identiﬁcation Number is 2357195.
For some states, required Mortgage Broker Disclosures are included above in the HabitFactory USA, INC. Disclosures section.
NOTE: Except for state or federally chartered depository institutions that are FDIC- or NCUA-insured, it is unlawful for a person to broker or make a reﬁnancing of a residential mortgage loan when the reﬁnancing charges additional points and fees, within a 12-month period after the original loan agreement was signed, unless the reﬁnancing results in a reasonable, tangible net beneﬁt to the borrower, considering all of the circumstances surrounding the reﬁnancing.
California Licensed by California Department of Real Estate (DRE), under the California Real Estate Law, License No. 02181069, with principal oﬃce located at HabitFactory USA, INC. 3435 Wilshire Blvd. #1940 Los Angeles, CA 90010 (also doing business as Loaning.ai).
HabitFactory USA, INC. does not make mortgage loans or commitments.
If your loan request is forwarded to a Lender that makes you an oﬀer, you should receive from the Lender a good faith estimate (GFE) required under RESPA, on August 1, 2015, the GFE changed to be known as an integrated disclosure and referred to as an initial Loan Estimate and will have both the RESPA and TILA disclosures. The new disclosure statement required under the TILA/RESPA, is required to be delivered within three (3) business days from the date you submit an application to a Lender. 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 (60) days, a free copy of your consumer credit report from the credit reporting agency that 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 / credit.
IT IS ILLEGAL TO DISCRIMINATE IN THE PROVISION OF OR IN THE AVAILABILITY OF FINANCIAL ASSISTANCE BECAUSE OF THE CONSIDERATION OF:
Acknowledgement of Receipt of this Notice is provided to you when you submit a request, but you are encouraged to retain a copy of this information for your records.
PLEASE PRINT AND RETAIN A COPY OF THIS INFORMATION AND AGREEMENT FOR YOUR RECORDS.