Company identity
Straight Deal Mortgage, Company NMLS #2320397. Viral "Vic" Joshi, Mortgage Consultant, NMLS #244388, is an agent under Shane Stanfield Inc. DBA Straight Deal Mortgage. Consumers may verify the company, its current licenses and individual mortgage loan originators through NMLS Consumer Access.
Where we may do business
Straight Deal Mortgage conducts mortgage activity only in jurisdictions where the company and the assigned mortgage loan originator hold the authority required for the transaction. Website availability does not mean that a loan, program or loan officer is available in every state. Contact us or use NMLS Consumer Access to confirm licensing for your location before relying on product information.
Brokerage and correspondent lending channels
Straight Deal Mortgage operates as a mortgage broker and non-delegated correspondent lender. Depending on the transaction, we may broker a loan to an independent third-party lender or close and fund an eligible correspondent loan in Straight Deal Mortgage's name. The creditor, funding source, compensation and required disclosures will be identified in the transaction documents. Correspondent lending is not available for every product, property or jurisdiction.
Advertising disclosure
Information on this website is general advertising and is not a commitment to lend, a loan approval, a rate lock, or an offer to enter into an interest-rate or discount-point agreement. Programs, rates, fees, terms and eligibility may change without notice. All loans are subject to application, verification, credit approval, acceptable collateral, underwriting and applicable law.
Fees and closing costs
Fees are quoted per transaction. Every loan scenario is different, and the factors that impact fees include who the lender is, the property type, loan amount, purchase price, loan type, loan-to-value, loan product, and more. The apples-to-apples comparison between us and anyone else is in underwriting and processing fees. Underwriting fees vary from lender to lender, and our processing fees also vary depending on whether we originate the loan as a correspondent lender or broker the loan. Generally, these fees are under $2,000 combined on any loan type or transaction type. Appraisal, credit reporting, verification of employment, condo certification, title and escrow fees, and recording fees are all within industry-standard limits and are not controlled by us.
Government programs and third parties
Straight Deal Mortgage is not a government agency and is not affiliated with HUD, FHA, VA, USDA or any other government agency. References to government-insured or government-guaranteed programs describe potential program categories only. Third-party names and links are provided for identification or convenience and do not imply endorsement.
Equal housing
Straight Deal Mortgage supports the principles of the Fair Housing Act and Equal Credit Opportunity Act. We do not discriminate in any aspect of a credit transaction on a prohibited basis. Equal Housing Opportunity.
Individual state license numbers
CA DRE 01242935 · CO DRE 100514138 · FL OFR LO66035 · HI DFI HI-244388 · OR DFR 244388 · TX DSML 244388 · WA MLO-244388
Texas compliance notice
Mortgage Company license (Texas Finance Code Ch. 156; rule 7 TAC §80.200(b))
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT'S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT'S WEBSITE AT WWW.SML.TEXAS.GOV.
Questions or complaints
Questions may be directed to vic@vicjoshi.com or (510) 655-2868. Regulatory and license information is available through NMLS Consumer Access using Company NMLS #2320397.