Disclosures and Licensing Information

Effective Date: Dec 1st 2024

Simply Approved Mortgages is committed to transparency and compliance with all state and federal regulations. Below is important information regarding our licensing and disclosures in the states of Colorado and Florida.

State Licensing Information

Colorado

• License: Mortgage Company Registration
• Regulatory Authority: Colorado Division of Real Estate
• License Number: 
• Contact Information:
  • Address: 1942 Broadway St. STE 314C
    Boulder, CO 80302
  • Phone: 1-877-813-7219
  • Email: support@simplyapprovedmortgages.com
• Consumer Access: 

Florida

• License: Mortgage Broker License
• Regulatory Authority: Florida Office of Financial Regulation
• License Number: MBR7685
• Contact Information:
  • Address: 7901 4TH ST N STE 300
    ST PETERSBURG, FL 33702
  • Phone: 1-877-813-7219
  • Email: support@simplyapprovedmortgages.com
  •  
• Consumer Access: 

State-Specific Disclosures

Colorado

• Dual Status Disclosure: In Colorado, if a real estate broker is also acting as a mortgage broker in the same transaction, a Dual Status Disclosure is required to inform the borrower of the dual role.

  Colorado Secretary of State

• Tangible Net Benefit Disclosure: For refinance transactions, Colorado requires a Tangible Net Benefit Disclosure to ensure that the refinance provides a meaningful benefit to the borrower.

  Tangible Net Benefit Disclosure

Florida

• Anti-Coercion Notice: Florida law mandates an Anti-Coercion Notice, informing borrowers of their right to choose their own insurance provider without pressure from the lender.

  Download Here

• Notice to Purchaser: For purchase transactions, Florida requires a Notice to Purchaser, detailing important information about the mortgage process and the borrower’s rights.

  Download Here

General Disclosures

• Equal Housing Opportunity: Simply Approved Mortgages is an mortgage brokerage. We do not discriminate based on race, color, religion, national origin, sex, marital status, familial status, disability, or age.

• Credit Authorization: By submitting a loan application, you authorize Simply Approved Mortgages to obtain your credit report and other necessary information to process your application.

• Privacy Policy: We are committed to protecting your privacy. Please review our Privacy Policy for details on how we collect, use, and safeguard your information.

• Terms of Use: Use of our website and services is governed by our Terms and Conditions. By accessing our services, you agree to comply with these terms.

Lender Paid Compensation Disclosures

Simply Approved Mortgages offers a lender-paid compensation model with a standard fee of 1.5%. This is compared to an industry average of up to 2.75%, which may vary by loan type, and region. Actual rates, terms, and costs may vary based on individual borrower qualifications, credit profile, and loan structure. All loan programs are subject to underwriting approval. Not an offer to extend credit. For more information on rates, fees, and loan options, please contact us directly. 

Contact Information

If you have any questions or require further information, please contact us:

• 📧 Email: support@simplyapprovedmortgages.com
  📞 Phone: 877-813-7219
  📍 Address: 633 W 5th ST STE 2600
                          Los Angeles, CA 90071