Affiliated Business & Fee Disclosures

Who We Are

Simply Approved Mortgages LLC (Company NMLS# 2620881) is a licensed mortgage broker, not a direct lender, and a wholly owned subsidiary of Simply Approved Corporation. We arrange residential mortgage loans in Florida and Colorado with third-party wholesale lenders. This page explains our company relationships, any optional services referenced on this site, and how we are paid, so you can make an informed choice.

Affiliated Business Arrangement Notice

Under the Real Estate Settlement Procedures Act (RESPA) and Regulation X (12 CFR 1024.15), if we ever refer you to a settlement-service provider in which we or our owners have an ownership interest, we will give you a written Affiliated Business Arrangement Disclosure at or before the referral. That notice will describe the relationship and the estimated charges, and you will be free to shop for and choose a different provider. Simply Approved Mortgages does not currently require you to use any affiliated settlement-service provider.

Services Offered by Our Parent Company

Some consumer services mentioned on this site, such as credit education and monitoring, are offered by our parent company, Simply Approved Corporation, under its own brand names. These are not settlement services, and they are separate from your mortgage:

• Optional. You never have to buy, subscribe to, or use any parent-company service to apply for or obtain a mortgage with us.
• No effect on your loan. Using or declining a service does not change your approval, rate, fees, or closing costs.
• Separate fees and terms. Any price, trial, renewal, or cancellation terms are shown on that service's own checkout page and are not charged on your Loan Estimate or Closing Disclosure.
• Paid to the parent only. Any fees for parent-company services, and any affiliate or referral compensation, are paid solely to Simply Approved Corporation. Simply Approved Mortgages LLC receives no portion of those fees or compensation. Because of common ownership, that revenue may benefit our owners; we disclose this so the relationship is clear.
• Data kept separate. Information you give a parent-company service is not shared with our mortgage team unless you authorize it.
• Other choices. You can get free credit reports and monitoring from any provider you choose, including directly from Equifax, Experian, or TransUnion.

Independent Partners and Referral Links

Our Partners page and investor resources link to independent companies (for example, business formation or business banking providers). They are not owned by us. Some links may be referral or affiliate links. Simply Approved Mortgages LLC receives no compensation or referral fees from these links or any affiliated service; any referral or affiliate compensation is paid solely to our parent company, Simply Approved Corporation, at no additional cost to you. Using a partner is never required to apply, does not affect underwriting or loan terms, and we do not provide legal, tax, or accounting advice.

No Kickbacks or Unearned Fees

Simply Approved Mortgages does not give or accept any fee, kickback, or thing of value for referring mortgage settlement business, and does not split charges for services that were not actually performed, as prohibited by RESPA Section 8 (12 U.S.C. 2607).

General Fee Disclosures

On eligible residential transactions, Simply Approved Mortgages generally uses 1.5% lender-paid compensation on eligible residential transactions. Under Regulation Z (12 CFR 1026.36), our compensation is not based on your interest rate or other loan terms, and on lender-paid loans we do not also charge you a separate broker compensation. All settlement charges, third-party fees (appraisal, title, credit report, recording, taxes, and insurance), and lender credits or discount points are itemized on your Loan Estimate within three business days of a completed application, and again on the Closing Disclosure at least three business days before consummation, as required by the TILA-RESPA Integrated Disclosure rule (12 CFR 1026.19).

Rates and pricing shown anywhere on this site are illustrative only. They are not a quote, rate lock, offer, or commitment to lend. Binding figures appear on your Loan Estimate after a completed application.

Equal Credit Opportunity, Fair Housing, and Licensing

Simply Approved Mortgages LLC is an Equal Housing Opportunity. We comply with the Equal Credit Opportunity Act (ECOA, 15 USC §§1691–1691f) and the Fair Housing Act (42 USC §§3601–3619). Credit decisions are made without regard to race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to contract), receipt of public assistance, or the good-faith exercise of any right under the Consumer Credit Protection Act. Verify our licensing at NMLS Consumer Access using Company NMLS# 2620881.

Simply Approved Mortgages is not affiliated with, endorsed by, or acting on behalf of HUD, FHA, VA, USDA, FHFA, Fannie Mae, Freddie Mac, or any government agency.

Contact for Questions About This Disclosure

If you have questions about this Affiliated Business & Fee Disclosure, or you want to confirm that a service is optional before enrolling, contact a Simply Approved Mortgages Loan Officer through our Get Started page.

This page is informational and does not create a contractual obligation, waive any consumer right, or constitute legal advice. It is not a Loan Estimate, Closing Disclosure, quote, rate lock, offer, or commitment to lend. Simply Approved Mortgages LLC · NMLS# 2620881 · Equal Housing Opportunity.