Lending Experts Licenses and Disclosures

Last Updated: September 7, 2018

General. Lending Experts Inc is a Florida limited liability company with its corporate headquarters located at 8950 sw 74th ct, Miami Florida 33156. Any reference in this Licenses and Disclosures to “we” or “us” or similar words shall refer to Lending Experts Inc unless otherwise indicated, all such entities referred to as “Lending Experts”. Any reference in Licenses and Disclosures to “you” or “your” means the person(s) using the Lending Experts Inc Websites (as defined in the Terms of Use Agreement), and/or the good, facilities or services of Lending Experts Inc offered through alternative methods. Lending Experts Inc DOES NOT take mortgage applications, originate, service, make loans or credit decisions in connection with loans, nor does Lending Experts Inc issue commitments or lock-in agreements. Lending Experts Inc services are only administrative. Lending Expert is not a lender or a creditor. Lending Expert is not an agent of either you or any Provider. Except as otherwise provided for in your state (please see the Licenses section of the Websites), Lending Expert is not acting as your agent or as the agent of any Provider. Lending Experts services are only administrative. You agree you will rely on your own judgment and research independent of any communications or information you receive from Lending Expert in deciding which available product, terms and Provider best suits your needs and financial situation.

 

Any Qualification Form you submit is not an application for credit. Rather, it is an inquiry to be matched with Providers that may be able to present conditional offers. Some Automobile Finance Providers, however, may provide firm offers. The Provider is solely responsible for its services to you, and you agree that Lending Expert 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 or your interactions with any Provider. You understand that Providers may keep your Qualification Form information and any other information provided by Lending Expert or received by them in the processing of your Qualification Form, whether you are qualified for a product with them or complete a formal application for services with them

 

Any loan inquiry you submit is NOT an application for credit. Rather, it is an inquiry to be matched with Lenders to receive condition loan offers from Lenders. You may have to complete an application with a Lender before they will extend an unconditional offer. A Lender you select may require you to pay an application or other fee to cover the costs of an appraisal, credit report or other items. The Lender, not Lending Experts Inc, will determine the amount of any such fee and should provide information to you regarding the refundability of any such fee.  Lending Experts Inc,does not endorse or recommend the products of any particular Lender.

Except as otherwise provided for your state, Lending Experts 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 Lending Experts 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 Lending Experts 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, Lending Experts 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.

Fees. Lending Experts Inc does charge a $69 fee for its services regardless of approval status. For "Long Term Lending", Lending Experts Inc. will charge a document administrative fee of $89 regardless of approval status. 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; 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.

Class Action Waiver To the fullest extent permitted by applicable law, no arbitration under these Terms and Conditions shall be joined to an arbitration involving any other party subject to these Terms and Conditions, whether through class arbitration proceedings or otherwise. You agree to an arbitration on an individual basis. In any dispute, NEITHER YOU NOR WE WILL BE ENTITLED TO JOIN OR CONSOLIDATE CLAIMS BY OR AGAINST OTHER USERS IN COURT OR IN ARBITRATION OR OTHERWISE PARTICIPATE IN ANY CLAIM AS A CLASS REPRESENTATIVE, CLASS MEMBER, OR IN A PRIVATE ATTORNEY GENERAL CAPACITY. The arbitral tribunal may not consolidate more than one (1) person’s claims, and may not otherwise preside over any form of a representative or class proceeding. The arbitral tribunal has no power to consider the enforceability of this class arbitration waiver and any challenge to the class arbitration waiver may only be raised in a court of competent jurisdiction.

PURSUANT TO LENDING EXPERTS INC TERMS OF USE AGREEMENT AND THE CONSENT FOR ELECTRONIC DISCLOSURES, THE DISCLOSURES AND CONSENTS REQUIRED UNDER CERTAIN FEDERAL AND/OR STATE LAWS ARE DEEMED TO BE PROVIDED, RECEIVED AND AGREED TO BY YOUR USE OF THE WEBSITES (AS DEFINED IN THE TERMS OF USE AGREEMENT).