GoodLife Home Loans Disclosures & Licensing

Traditional Mortgage Acceptance Corporation, doing business as GoodLife Home Loans, is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, D.C., 20580.

State Licensing Disclosures
Nationwide Mortgage Licensing System Number: 971307
23032 Mill Creek Drive, Suite 62, Laguna Hills, CA 92653

 

StateLicenseLicense Number
AlabamaAL Consumer Credit License22282
CaliforniaCA-DOC Residential Mortgage Lending Act License – Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act #4131246.4131246
CaliforniaCA-DOC Residential Mortgage Lending Act License (Branch)41DBO-91909
ColoradoCO Mortgage Company Registration

• NMLS ID: 1325840
• Contact Individual: Joe Hansler
• Phone: 425-278-9431

D.C.DC Mortgage Lender LicenseMLB971307
D.C.DC Mortgage Lender Branch LicenseMLB1805842
FloridaFL Mortgage Lender Servicer LicenseMLD1294
FloridaFL Mortgage Lender Servicer Branch LicenseMLDB8900
GeorgiaGA Mortgage Lender License/Registration50050
IllinoisIL Residential Mortgage LicenseMB.6761161
KentuckyKY Mortgage Company LicenseMC354645
KentuckyKY Mortgage Company LicenseMC700411
MaineME Supervised Lender License971307
MaineME Supervised Lender Branch License
MichiganMI 1st Mortgage Broker/Lender/Servicer RegistrantFR0021262
MinnesotaMN Residential Mortgage Originator LicenseMN-MO-9717307
MinnesotaMN Residential Mortgage Originator License Other Trade Name #1
NebraskaNE Mortgage Banker License
NebraskaNE Mortgage Banker License – Other Trade Name #2
NebraskaNE Mortgage Banker Branch License
New HampshireNH Mortgage Banker License18626-MB
New HampshireNH Mortgage Banker Branch License22655-MB-BCH
South DakotaSD Mortgage Lender LicenseML.05144
TennesseeTN Mortgage License129605
TennesseeTN Mortgage Branch Authorization129605-101
TexasTX-SML Mortgage Banker Registration

Texas State Licensing Information

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.

TexasTX-SML Mortgage Banker Branch Registration
VirginiaVA Mortgage Lender LicenseMC-7030
VirginiaVA Mortgage Broker LicenseMC-7030
VirginiaVA Mortgage Lender Branch LicenseMC-7030
WashingtonWA Consumer Loan Company LicenseCL-971307
WashingtonWA Consumer Loan Branch Office LicenseCL-1805842
West VirginiaWV Mortgage Lender LicenseML-32381
West VirginiaWV Mortgage Lender Branch LicenseMLB-37550
WisconsinWI Mortgage Banker License971307BA
WisconsinWI Mortgage Banker Branch License1805842BA
OregonMortgage Lending LicenseML-5839

Oregon Reverse Mortgage Disclosure

At the maturity of a reverse mortgage loan, the lender will have a claim against the equity in your property and you may need to sell the property to repay the loan, or repay the loan from other assets.

The lender will charge an origination fee, a mortgage insurance premium, closing costs and/or servicing fees, which fees will be added to the loan balance.

The balance of the mortgage loan grows and the interest is added to the loan balance.

You retain title to the property until you sell the property, and therefore you are responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts may cause the loan to become due and may subject the property to a tax lien or other encumbrance or to foreclosure.

Interest on a reverse mortgage is not deductible from your income tax until you repay all or part of the loan.

Before obtaining a reverse mortgage, you should consult a trusted financial adviser or planner. There are government agencies and nonprofit organizations that can give you information about reverse mortgages. You can locate these resources at:

Please note that before you can complete an application for a Federal Housing Administration – insured Home Equity Conversion Mortgage loan, you must undergo counseling with a counseling agency approved by the U.S. Department of Housing and Urban Development (“HUD”). Your loan originator will provide you with a disclosure of available HUD-approved counseling agencies.

ORS 86A.196.

Visit the NMLS access page for more information