Paragon Mortgage Services, Inc.

Disclosures and Licensing

CORPORATE DISCLOSURES

Paragon Mortgage Services, Inc. is an Incorporated Business in the State of Colorado (formerly known as Phoenix Consulting, LLC under trademark Paragon Mortgage Services, LLC). Paragon Mortgage Services, Inc. maintains its corporate headquarters in the Metropolitan Denver Technological Center in Greenwood Village, Colorado and is a Mortgage Broker and Loan Originator Company, operating under Colorado Business Registration/Incorporation ID#20041058390.

Paragon Mortgage Services Corporate Officers are: Susan M. Oberbillig, President (Colorado Mortgage Broker License:LMB100016681, NMLS ID#50785) and Kelly L. Oberbillig, Chief Executive Officer (Colorado Mortgage Broker License: LMB100029048, NMLS ID#51459) 

In accordance with State Mortgage Licensing Law, all Individual Licensed Mortgage Brokers (Mortgage Loan Originators) maintain required Surety Bond and Errors and Omissions Insurance coverages to support the consumer public.

Paragon Mortgage Services, Inc. headquarters address:

9200 East Panorama Circle, Suite 170

Greenwood Village, CO 80112

For General Information, Call: 303-PARAGON (303-727-2466) or Toll Free: 1-888-PARAGON (1-888-727-2466)

Paragon Mortgage Services, Inc. Arizona Branch NMLS ID# 866222 address:

625 W. Southern Ave.
Suite E-173
Mesa, Arizona 85210

For General Information, Call Toll Free: 1-888-PARAGON (1-888-727-2466) Extension 2407 or ask for Susan Oberbillig

For Information Requests, Email: info@paragon-loans.com or send a request to our Corporate Fax: 303-727-2400

For Customer Service, Email: customerservice@paragon-loans.com or Call: 1-888-PARAGON (1-888-727-2466)

For Human Resources, Email: humanresources@paragon-loans.com or Call: 1-888-PARAGON (1-888-727-2466)

Paragon Mortgage Services Chief Executive Officer, Kelly L. Oberbillig, is also a Licensed Real Estate Broker, Colorado Division of Real Estate, License No. ER40030867 and he is the Broker/Owner and Employing Broker for Paragon Real Estate, License No. EL100012809, 9200 East Panorama Circle, Lobby Suite 170, CO 80112 (Office Phone: 303-727-PARAGON (303-727-2466), Office Fax: 303-727-2400). No Consumer is under any obligation to use Kelly L. Oberbillig, as Real Estate Broker, in any transaction involving Paragon Mortgage Services, Inc.  Kelly Oberbillig may, however, be entitled to direct and/or indirect compensation for services both as a Real Estate professional and Home Mortgage consultant, in circumstances where both of these activities are appropriately disclosed, acknowledged and approved by consumers receiving both services from Paragon and Kelly L. Oberbillig in a respective transaction.

NATIONWIDE MORTGAGE LICENSING SYSTEM & REGISTRY (NMLS)

In order to provide homebuyers and the general public with greater information concerning the companies and professionals in the mortgage industry and in fulfillment of the federal S.A.F.E. Mortgage Licensing Act of 2008, the Nationwide Mortgage Licensing System & Registry (NMLS) hosts a website called NMLS Consumer Access. NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed companies, branches, and individuals licensed and registered through NMLS. Found online at www.NMLSConsumerAccess.org, NMLS Consumer Access is a stand-alone website, separate from NMLS, that contains administrative and licensing information for companies, branches, and individuals licensed or registered through NMLS.  For more, see Information about Consumer Access.

NMLS Consumer Access is provided without charge to the public.

APPROVED STATE LICENSING - Paragon Mortgage Services, Inc.

Arizona Mortgage Company Broker License (Arizona Department of Financial Institutions), 0919711, Active Since: 02/28/2012

Arizona Mortgage Broker Branch License (Arizona Department of Financial Institutions), 0117384, Active Since: 02/28/2012

California DOC Finance Lenders Law License (California Department of Corporations), 603B332, Active Since: 07/05/2005

Colorado Business License, 20041058390 (CO Secretary of State), Active Since: 10/05/2000, NMLS ID#50139 (CO Division of Real Estate)

Florida Mortgage Company Broker License (Florida Department of Financial Services, MBR425 (Previously CL0502233), Active Since: 04/06/2005

Idaho Mortgage Broker/Lender License (Idaho Department of Corporations), MBL-4626, Active Since: 07/13/2005

Utah-DRE Mortgage Entity License (Utah Department of Real Estate), 5904483-MLCO, Active Since: 07/05/2006

STATE REGULATORY LICENSING AUTHORITY

CORPORATE LICENSING

The Corporate NMLS ID# for Paragon Mortgage Services, Inc. is 50139.  Paragon Mortgage Services, Inc. maintains current licensing in the following States and we directly maintain Mortgage Broker agreements with more than 35 Top Wholesale Banks and Lenders for Colorado and these locations.  In addition, Paragon Mortgage Services also maintains current approvals to offer and close Housing and Urban Development/Federal Housing Administration (HUD/FHA) Title 1 and 2 Loans and Department of Veteran’s Affairs/Veteran’s Administration (VA) Loan under the following Agency Approval Ids:

GOVERNMENT AGENCY CERTIFICATIONS - Paragon Mortgage Services, Inc.

HUD/FHA Title 1, ID Number 73894-0000-8, 04/01/04

HUD/FHA Title 2, ID Number 21323-0000-9, 04/01/04

VA, Lender Agent ID Number 239107-0000, 11/07/2003

STATE AND FEDERAL DISCLOSURES

You are notified that all State and Federal disclosures are required to be understood and acknowledged in accordance with the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), and certain other federal and state laws, including details of your cost of credit, good faith estimates of your settlement costs, HUD mandated booklets (“Guide to Settlement Costs” and/or “When your Home is on the Line”; notices concerning the possibility that your mortgage loan servicing may be transferred; and your right to a copy of any appraisal, if any, performed on your home.

The Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant’s income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.  The federal agency that administers compliance with this law is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.

If your loan request is forwarded to a Lender that makes you an offer, you should receive from the Lender a Good Faith Estimate (GFE) required under RESPA and an initial disclosure statement required under the TILA, each within three business days from the date you submit an application with the Lender.

If the Lender denies your request for credit, and that action is based, in whole or in part, on any information contained in a consumer credit report, you have the right to obtain, within sixty days, a free copy of your consumer credit report from the credit reporting agency which compiles and maintains files on consumers on a nationwide basis. You also have the right to dispute the accuracy or completeness of any information in a consumer credit report furnished by the consumer credit reporting agency by contacting that agency directly. An applicant, if married, may apply for a separate account.

As a Loan Broker, Paragon Mortgage Services acts as an agent of its participating Banks and Lenders, and in this capacity Paragon Mortgage Services provides administrative and consultative support to consumers related to its participating Bank and Lender Real Estate offers and representative Loan Product Lines only. Each customer hereby notified that commencing the financing process and completing a loan request with Paragon Mortgage Services does not guarantee that your request will result in your receiving a loan with one of our approved Banks or Lenders or that an offered loan may meet your personal needs or requirements. Paragon Mortgage Services, Inc. will provide you recommendations on available products, services, rates and terms, but each consumer requesting consultative services with Paragon Mortgage Services, Inc. should rely on your own judgment in deciding which available loan product best suits your needs and financial means.

WE DO BUSINESS IN ACCORDANCE WITH FEDERAL FAIR LENDING LAWS

UNDER THE FEDERAL FAIR HOUSING ACT, IT IS ILLEGAL, ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, HANDICAP, OR FAMILIAL STATUS (HAVING CHILDREN UNDER THE AGE OF 18), TO: Deny a loan for the purpose of purchasing, constructing, improving, repairing, or maintaining a dwelling, or to deny any loan secured by a dwelling; or Discriminate in fixing the amount, interest rate, duration, application procedures, or other terms or conditions of such a loan, or in appraising property.

IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:

Assistant Secretary for Fair Housing and Equal Opportunity

Department of Housing and Urban Development

Washington, DC 20410

For processing under the Federal Fair Housing Act AND TO:

Division of Compliance and Consumer Affairs

Federal Deposit Insurance Corporation

Washington, DC 20429-9990

For processing under Comptroller of the Currency Regulations UNDER THE EQUAL CREDIT OPPORTUNITY ACT, IT IS ILLEGAL TO DISCRIMINATE IN ANY CREDIT TRANSACTION: On the basis of race, color, national origin, religion, sex, marital status, or age; Because income is from public assistance; or Because a right has been exercised under the Consumer Credit Protection Act.

IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:

Division of Compliance and Consumer Affairs

Federal Deposit Insurance Corporation

Washington, DC 20429-9990