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
NMLS ID: #971307 | Branch NMLS ID #1805842 | www.nmlsconsumeraccess.org
23032 Mill Creek Drive, Suite 62, Laguna Hills, CA 92653

State License License Number
Alabama AL Consumer Credit License 22282
Arizona    Mortgage Banker License   BK-1001891
California CA-DOC Residential Mortgage Lending Act License – Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act #4131246. 4131246
California CA-DOC Residential Mortgage Lending Act License (Branch) 41DBO-91909
Colorado CO Mortgage Company Registration

• NMLS ID: 1845912

• Contact Individual: Phili Walz

• Phone: 425-278-9432



 
D.C. DC Mortgage Lender License MLB971307
D.C. DC Mortgage Lender Branch License MLB1805842
Florida FL Mortgage Lender Servicer License MLD1294
Florida FL Mortgage Lender Servicer Branch License MLDB8900
Georgia GA Mortgage Lender License/Registration 50050
Illinois IL Residential Mortgage License – Department of Financial and Professional Regulation, 208 South LaSalle Street Suite 814, Chicago, IL 60604 (312) 797-8736 MB.6761161
Kentucky KY Mortgage Company License MC354645
Kentucky KY Mortgage Company License MC700411
Maine ME Supervised Lender License 971307
Maine ME Supervised Lender Branch License  
Maryland MD Mortgage Lender License 06-24254
Maryland MD Mortgage Lender Branch License  
Michigan MI 1st Mortgage Broker/Lender/Servicer Registrant FR0021262
Minnesota MN Residential Mortgage Originator License MN-MO-9717307
Minnesota MN Residential Mortgage Originator License Other Trade Name #1  
Nebraska NE Mortgage Banker License – Other Trade Name #2  
Nebraska NE Mortgage Banker Branch License  
New Hampshire NH Mortgage Banker License 18626-MB
New Hampshire NH Mortgage Banker Branch License 22655-MB-BCH
New Jersey  Licensed by the N.J. Department of Banking and Insurance      
Oregon Mortgage Lending License ML-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.

Pennsylvania Mortgage Lender 71103
South Dakota SD Mortgage Lender License ML.05144
Tennessee TN Mortgage License 129605
Tennessee TN Mortgage Branch Authorization 129605-101
Texas TX-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.

Texas TX-SML Mortgage Banker Branch Registration  
Washington WA Consumer Loan Company License CL-971307
Washington WA Consumer Loan Branch Office License CL-1805842
West Virginia WV Mortgage Lender License ML-32381
West Virginia WV Mortgage Lender Branch License MLB-37550
Wisconsin WI Mortgage Banker License 971307BA
Wisconsin WI Mortgage Banker Branch License 1805842BA

Visit the NMLS access page for more information