Loan Broker Disclosure Statement

Credit Karma Mortgage, Inc. (“we” or “us”) is a Delaware corporation with its principal place of business located at 1100 Broadway, STE 1800, Oakland, CA 94607. We operate a mortgage marketplace platform, accessible online at creditkarma.com, through the Credit Karma mobile app, and through other ways that can occasionally change. In most states, offering these services requires us to be licensed as a mortgage broker, a mortgage broker/lender, or to hold some similar state license.

Our goal is to help you find lenders with products and offerings we think you might qualify for. We do not take mortgage applications, make credit decisions, lock rates, fund loans, service loans, or offer any other similar residential mortgage loan services. We do not and cannot issue approvals or commitments on any lender’s behalf. Lenders will require additional information and consent from you in order to complete your loan application.

Licenses

Company

Alabama

Alabama Mortgage Brokers License No. 22392

Alaska

Alaska Mortgage Broker License No. 1588622

Arizona

Arizona Mortgage Broker License No. 0948456

Arkansas

Credit Karma Mortgage, Inc., 1100 Broadway, STE 1800, Oakland, CA 94607, Arkansas Mortgage Broker License #112179

California

Licensed by the California Bureau of Real Estate, License #02050746
1100 Broadway, STE 1800, Oakland, CA 94607

Colorado

Colorado Mortgage Company Registration, NMLS ID #1588622, (415) 852-7399, Regulated by the Division of Real Estate

Connecticut

Connecticut Mortgage Broker License #MB-1588622. Credit Karma Mortgage, Inc. is a mortgage broker, not a lender or correspondent lender. Credit Karma Mortgage will not make any mortgage loan commitments or fund any mortgage loans.

Delaware

Delaware Broker License #023978

District of Columbia

District of Columbia Mortgage Broker License #MLB1588622

Florida

Florida Mortgage Broker License #MBR2336

Georgia

Georgia Mortgage Broker/Processor License/Registration #56057

Idaho

Idaho Mortgage Broker/Lender License No. MBL-9639.

Credit Karma Mortgage, Inc. does not act as a lender or credit provider. If your loan request is forwarded to our participating lenders, the lenders will contact you with additional information/offers. Credit Karma Mortgage, Inc. does not distribute the products of all lenders available and therefore cannot guarantee the lowest price or best terms available in the market.

Credit Karma Mortgage, Inc. provides its services to you at no cost to you. Credit Karma Mortgage, Inc. will not charge or seek fees of any kind from you. Credit Karma Mortgage, Inc. will receive fees from participating lenders and may be paid based on fees for services, goods or facilities performed or provided by us to the lenders.

This agreement remains in effect only as long as you seek to use the services offered by Credit Karma Mortgage, Inc. You may discontinue this relationship at any time, without notice, at no cost or penalty to you.

Idaho Prepayment Penalty Disclosure

If you, the borrower, pay off or refinance your mortgage loan before the date for repayment stated in the loan agreement, you may be charged a prepayment penalty. A prepayment penalty charge may be significant. Prior to signing any documents, make sure you fully understand the prepayment charge provisions outlined in your loan agreement.

Interest Rate Lock Information

An interest rate that is not locked in is subject to change. Credit Karma Mortgage, Inc. does not lock interest rates, only a lender may provide such action and it increase your rate and/or cause additional fees to be assessed, make sure you fully understand the interest rate lock information in your loan agreement.

Illinois

Illinois Residential Mortgage License MB.6761243

Indiana

Indiana SOS Loan Broker License #1588622

Iowa

Iowa Mortgage Broker License #2017-0033

Kansas

Kansas Mortgage Company License MC.0025524

Credit Karma Mortgage, Inc. is licensed by the Kansas Office of the State Bank Commissioner in accordance with the laws of the state of Kansas. This license does not represent an endorsement or recommendation of the licensee's products or services by the Office of the State Bank Commissioner. As a consumer, you may submit a complaint or inquiry about this mortgage business by delivering a written statement to the Office of the State Bank Commissioner, 700 Jackson, Suite 300, Topeka, KS 66603.

Kentucky

Kentucky Mortgage Broker License #MB712728

Louisiana

Louisiana Residential Mortgage Lending License NMLS ID# 1588622

Maine

Maine Loan Broker License No. 1588622

Maine law requires that the disclosures below be provided to consumers before any contact is signed with, and before any money is paid to, a credit services organization or third parties.

Written Agreement or Contract

Please print out this information and save it for your records. You consent, acknowledge and agree that you have read and received a copy of this Disclosure to Consumer.

Credit Karma Mortgage, Inc. will not act as your lender or credit provider. Credit Karma Mortgage, Inc. provides your loan request to our lenders and our lenders will contact you with their conditional loan offers. While we seek to help you meet your financial needs, we do not distribute the products of all lenders or investors in the market and cannot guarantee the lowest price or best terms available in the market.

Credit Karma Mortgage, Inc. provides mortgage information at no cost to you. Credit Karma Mortgage, Inc. will not charge or seek fees of any kind from you. Credit Karma Mortgage, Inc. receives fees from lenders and may be paid by the Lender based on services, goods or facilities performed or provided by us to the Lender.

It is important that you read and understand all contracts related to any credit services you obtain. It is also important for you to retain a copy for your records

Escrowing of Consumer Funds

Credit Karma Mortgage, Inc. does not accept any fees from the consumer, including third party fees

Consumer Protection Bond

A consumer protection bond is on file with the State of Maine. If you have a claim against our company which cannot be resolved through informal means, you may institute an action to recover your loss from that bond by filing a written complaint with the Director, Office of Consumer Credit Regulation, 35 State House Station, Augusta, Maine, 04333-0035

Maryland

Maryland Mortgage Lender License #22816

Credit Karma Mortgage, Inc. does not accept or solicit any fees or payments from consumers. If you submit a loan request to Credit Karma Mortgage, Inc. and your loan request is forwarded to our participating Lenders, you may be issued a Financing Agreement by Lenders in accordance with Maryland Commercial Law Code §§ 12-125, 1013. This Financing Agreement shall include: (1) the term and principal amount of your loan; (2) an explanation of the type of mortgage loan being offered; (3) the interest rate and, if the rate is subject to final determination at a future date based on some objective standard, a specific statement of those facts; (4) the points, if any, to be paid by you; and (5) the term during which the Financing Agreement remains in effect.

Michigan

Michigan First Mortgage Broker License #FL0020929

Minnesota

Minnesota Residential Mortgage Originator License No. MN-MO-1588622

Minnesota Residential Mortgage Originator License Other Trade Name #1 License No. MN-MO-1588622.1

CREDIT KARMA MORTGAGE, INC. IS NOT ACTING AS YOUR AGENT IN CONNECTION WITH OBTAINING A RESIDENTIAL MORTGAGE LOAN. WHILE CREDIT KARMA MORTGAGE, INC. WILL SEEK TO ASSIST YOU IN MEETING YOUR FINANCIAL NEEDS, WE CANNOT GUARANTEE THE LOWEST OR BEST TERMS AVAILABLE IN THE MARKET.

The information on this website may not be considered by any person to be an offer to enter an interest rate lock-in agreement under Minnesota law.

Mississippi

Credit Karma Mortgage, Inc., 1100 Broadway, STE 1800, Oakland, CA 94607, Mississippi Mortgage Broker License 1588622

Montana

Montana Mortgage Broker License #1588622

Nebraska

Nebraska Mortgage Banker License #1588622

New Hampshire

New Hampshire Mortgage Broker License No. 21992-MBR. Licensed by the New Hampshire Banking Department.

New Jersey

New Jersey Residential Mortgage Broker License NMLS ID #1588622. Credit Karma Mortgage, Inc. will not make any mortgage loan commitments or fund any mortgage loans.

New Mexico

New Mexico Mortgage Loan Company License

New York

Credit Karma Mortgage, Inc., d/b/a Credit Karma is a registered Mortgage Broker–NY Department of Financial Services License No. RMB 208776. We are a broker; all mortgage loans are arranged by third-party providers. Our offices are located at 1100 Broadway, STE 1800, Oakland, CA 94607.

Our goal is to help you find lenders with products and offerings we think you might qualify for. Credit Karma Mortgage does not take mortgage applications, make credit decisions, lock rates, fund loans, service loans, or offer any other similar residential mortgage loan services. We do not and cannot issue approvals or commitments on any lender’s behalf. Lenders will require additional information and consent from you in order to complete your loan application.

North Carolina

North Carolina Mortgage Broker License B-18079.

Credit Karma Mortgage, Inc. is a mortgage broker, not a lender or correspondent lender. Credit Karma Mortgage will not make any mortgage loan commitments or fund any mortgage loans.

North Dakota

North Dakota Money Broker License #MB103695

NOTICE: MONEY BROKERS ARE LICENSED AND REGULATED BY THE DEPARTMENT OF BANKING AND FINANCIAL INSTITUTIONS, CONSUMER DIVISION, 2000 SCHAFER STREET, SUITE G, BISMARCK, NORTH DAKOTA 58501-1204.

THE DEPARTMENT OF BANKING AND FINANCIAL INSTITUTIONS HAS NOT PASSED ON THE MERITS OF THE CONTRACT AND LICENSING DOES NOT CONSTITUTE AN APPROVAL OF THE TERMS OR OF THE BROKER’S ABILITY TO ARRANGE ANY LOAN. COMPLAINTS REGARDING THE SERVICES OF MONEY BROKERS SHOULD BE DIRECTED TO THE DEPARTMENT OF BANKING AND FINANCIAL INSTITUTIONS.

Ohio

Ohio Residential Mortgage Lending Act Certificate of Registration RM.804325.000

Oklahoma

Oklahoma Mortgage Broker License MB013191

Oklahoma Mortgage Broker License - Other Trade Name #1 MB013192

Oregon

Oregon Mortgage Lender License ML-5578

Pennsylvania

Pennsylvania Mortgage Broker License #61411

Rhode Island

Rhode Island Loan Broker License #20173492LB

South Carolina

Credit Karma Mortgage, Inc.
South Carolina-DCA Mortgage Broker License No. 1588622
NMLS ID# 1588622

South Dakota

South Dakota Mortgage Broker License #MB.00047

Tennessee

Tennessee Mortgage License 135076

Texas

Texas - SML Mortgage Company License #15888622, Credit Karma Mortgage, Inc., 9400 N. Central Expressway, Suite 320, Dallas, Texas 75231

Utah

Utah Mortgage Entity License 10310175

Vermont

Vermont Mortgage Broker License #1448 MB

Disclosure for Vermont Consumers:

Credit Karma Mortgage, Inc. is not a lender. We display rates from lenders who are licensed or otherwise authorized to work in Vermont. We then forward your information to any lender you wish to contact so they can contact you directly. We do not take mortgage applications, make credit decisions, lock rates, fund loans, service loans, or offer any other similar residential mortgage loan services. We do not and cannot issue approvals or commitments on any lender’s behalf. Lenders will require additional information and consent from you in order to complete your loan application.

We will only share you information upon your request, but the lenders we share your information with may not be subject to all Vermont lending laws; the lenders may be subject to federal lending laws.

Virginia

Credit Karma Mortgage Inc., NMLS ID# 1588622, Virginia Mortgage Broker License # MC-6754

Washington

Washington Mortgage Broker License No. MB-1588622

Credit Karma Mortgage, Inc. (“Credit Karma Mortgage”) does not charge you a fee for its services. You are not required to use Credit Karma Mortgage’s computerized loan origination services to obtain a residential mortgage loan. The full range of loans available to you may not be listed on Credit Karma Mortgage’s computerized loan origination system. Different terms and conditions, including lower rates, may be available from others not listed in the system.

If your loan request is forwarded to one or more participating lenders, you may receive from those lenders a good faith estimate of the settlement costs and fees as required under Washington state law and a Loan Estimate form as required by the TILA-RESPA Integrated Disclosure Act.

The interest rate quoted in connection with the loan you select is subject to change without notice unless and until an interest rate lock-in agreement has been made between you and the lender. Credit Karma Mortgage does not offer interest rate lock-in agreements and does not guarantee any interest rate quoted by a participating lender. If you enter a lock-in agreement with the lender and are required to pay an interest rate lock-in fee, the terms and conditions under which the interest rate lock-in fee may be refunded, if any, will be set by the lender.

Credit Karma Mortgage will not collect any fees from you in connection with your loan request. All fees will be collected by and are payable to the lender. If the lender is licensed under the Washington Broker Practices Act, any fees paid by you for third-party services (e.g. a credit report or appraisal) may be held in a trust account, and any such moneys remaining after the payment to third-party service providers will be refunded to you.

If you are unable to obtain a loan for any reason and you have paid for an appraisal, title report, or credit report in full in connection to a loan made with a lender licensed under the Washington Mortgage Broker Practices Act, the lender shall give you a copy of any such document, and will transmit the originals to any other mortgage broker or lender at your direction within five (5) days of your written request. Under the Equal Credit Opportunity Act (ECOA), you are entitled to receive a copy of any appraisal you have paid for.

Washington enforces the prohibition of unfair practices with respect to credit transactions because of race, creed, color, national origin, sex, marital status, honorably discharged veteran or military status, sexual orientation, or the presence of any sensory, mental, or physical disability.

West Virginia

West Virginia Mortgage Broker License MB36106

Wisconsin

Wisconsin Mortgage Broker License #1588622BR

Wyoming

Wyoming Mortgage Broker License 3825

Individual