Proper Rate, LLC Disclosures and License Information
Proper Rate, LLC is an Equal Housing Lender and Illinois Residential Mortgage Licensee. We fully comply with the Equal Credit Opportunity Act (ECOA) and all other Federal regulations. All applicants applying for credit from Proper Rate will never be discouraged on the basis of race, color, religion, national origin, sex, military status, marital status, age, or because you get public assistance. All information we request is voluntary and will be kept confidential.
For more information on the ECOA, please visit:
Additional Proper Rate, LLC Disclosure Requirements
Proper Rate, LLC is a licensed mortgage lender. Some states require specific licensing information, which is found below.
- Proper Rate, LLC - NMLS ID 1901699 nmlsconsumeraccess.org
- Arizona: 4949 Pioneer Ln, Lakeside, AZ 85929, Mortgage Banker License #1010230
- California: Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act
- Colorado: Proper Rate, LLC. Regulated by the Division of Real Estate
- Georgia: Residential Mortgage Licensee #69357
STATE OF ILLINOIS COMMUNITY REINVESTMENT NOTICE
The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department.
Illinois Department of Financial and Professional Regulation
James R. Thompson Center
DFPR-Residential Mortgage Banking
555 West Monroe St., 5th Floor,
Chicago, Illinois 60661
License #: MB.6761454
- Kansas: Licensed Mortgage Company – Proper Rate, LLC – License MC.0025688
- Texas: For Texas Consumers Only:
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY REGARDING THE ORIGINATION AND/OR SERVICING OF YOUR MORTGAGE LOAN OR A COMPLAINT AGAINST A RESIDENTIAL MORTGAGE LOAN ORIGINATOR CONCERNING RESIDENTIAL MORTGAGE LOANS ON REAL ESTATE LOCATED IN TEXAS 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 DEPARTMENTS 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 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 DEPARTMENTS WEBSITE AT WWW.SML.TEXAS.GOV.
States in which we do business, and license numbers
|Michigan 1st Mortgage||FR0022895|
|Michigan 2nd Mortgage||SR0022695|
|Ohio RMLA Registration||RM.804550.000|
|Texas SML Banker||Licensed|