Affiliated Business Arrangement Disclosure
Credible Insurance, Inc. (“Credible Insurance”)1 has a business relationship with Credible Operations, Inc., (“Credible”), which provides residential mortgage broker services. Specifically, Credible Labs Inc., is the parent company of Credible Insurance and Credible. Because of this relationship, this referral may provide Credible Insurance a financial or other benefit.
Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider as a condition for the purchase of any insurance, purchase, sale, or refinance of the subject property, or to obtain access to any other settlement service with respect to such property.
THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
| Service Provider | Service Provided | Charge or Range of Charges |
|---|---|---|
| Credible Operations, Inc. | Computer Loan Origination2 (Home Purchase) | Up to $250 —
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| Credible Operations, Inc. | Computer Loan Origination (Home Refinance) | $200 per submitted loan request —
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- Credible Insurance, Inc., d/b/a Credible Insurance Agency (CA Lic. #0M90597). Insurance services provided through Credible Insurance, Inc. VA: Credible Insurance Agency, Inc. MN SOS: Credible Cover, Inc.
- “Computer Loan Origination” (CLO), means Credible hosting a webpage that may provide some or all of the following services: (1) provide you with information concerning mortgage products or services; (2) perform prequalification services for prospective mortgage loan applicants; (3) provide you with an opportunity to select ancillary settlement services; (4) provide you with information regarding the rates and terms of loan products for a particular property; (5) collect and transmit your information, the property, and other information for evaluation by a lender(s) at your request; (6) delivering certain disclosures to you required by applicable. In some jurisdictions, Credible is a Mortgage Loan Broker as a result of providing some or all of the foregoing services.
Acknowledgment
I/we have read this disclosure form and understand that Credible Insurance is referring me/us to purchase the above-described settlement service and may receive a financial or other benefit as the result of this referral.