Licensing and disclosures

Mortgage broker, not a lender

Loan Daddy LLC is a mortgage broker. We arrange and shop financing from wholesale lenders. We do not lend our own funds, we do not underwrite credit, and we do not make the approval decision. When a wholesale lender approves a file, that lender sets the terms, issues the disclosures that apply to its loan, and funds the transaction.

Nothing on this site should be read as an offer to lend, a rate quote, an annual percentage rate disclosure, or a commitment to lend on any terms. Any terms discussed in a conversation are estimates until a lender issues its own written disclosure.

Business-purpose lending only

Every loan arranged through this brand is a business-purpose loan secured by non-owner-occupied investment property. No borrower, family member or affiliate may occupy the property. That restriction is a condition of the programs we shop, and it is enforced at the application stage: the occupancy question on our form has one permissible answer, and any other answer blocks submission.

Business-purpose loans are not consumer mortgages. They do not carry the same disclosure regime, the same rescission rights or the same servicing rules as a loan on a home you live in. If your situation calls for consumer financing, this is not the right desk and we will tell you so.

Verifying a license

NMLS Consumer Access at nmlsconsumeraccess.org is the authoritative public record for mortgage licensing in the United States. Search by company name or by the NMLS identifier above to see current license status and the states in which the company is authorized to conduct business.

Licensing requirements for a specific transaction depend on the state where the property is located and on the structure of the loan. Where a transaction requires a license the company does not hold, we will tell you before you incur any cost rather than after.

How we are compensated

We are compensated for placing a loan with a wholesale lender. The specific compensation for your transaction is disclosed in the documents you sign at application and again at closing. If a program's pricing includes lender-paid compensation, that is reflected in the terms the lender offers.

What this site does not do

• It does not publish interest rates or APRs, because pricing is set per file by lenders
• It does not promise approval, speed, or a particular outcome
• It does not provide legal, tax or investment advice
• It does not describe the licensing of any wholesale lender; each lender is responsible for its own

State availability

This desk is built for Illinois property. If your property is in another state, tell us on the application and we will confirm whether we can help or refer you. We will not accept a file in a state where the company is not authorized to conduct the activity involved.

Content and corrections

Market, tax and local-rule commentary on this site is general information, not advice, and ordinances change. Where a page describes a municipal or county process, confirm the current rule with that government or with a qualified Illinois attorney. Corrections are welcome through the contact form.

Privacy and terms

How information submitted through this site is handled is described in the privacy policy. Use of the site is governed by the terms of use.