Licensing & Regulatory Status

Quicker Home Loans LLC is a New Jersey limited liability company that originates business-purpose investment-property loans. We do not originate consumer mortgages, primary-residence loans, or second-home loans. This page explains what that means for our regulatory status and licensing.

Every loan originated by Quicker Home Loans is a business-purpose loan secured by non-owner-occupied residential or commercial investment real estate. Typical use cases include:

• Rental property acquisitions (single-family, 2-4 unit, condo)
• DSCR (debt-service-coverage-ratio) loans qualifying on rental income
• Cash-out refinances on investment properties
• Short-term rental (Airbnb / VRBO) financing
• Fix-and-flip and bridge loans for investors
• Commercial real estate (5+ unit multifamily, mixed-use, retail, industrial)
• Foreign-national and ITIN investor loans

We do not make loans for primary residences, second homes, or any owner-occupied property. If you are financing a home you plan to live in, we are not the right lender for you and you should work with a licensed consumer mortgage lender.

Business-purpose investment-property loans are expressly exempt from the federal laws that govern consumer mortgages, including the SAFE Act (which created the NMLS system), the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), and the ability-to-repay / qualified mortgage (ATR/QM) rules under the Dodd-Frank Act.

Each of those statutes defines its scope to apply only to loans made to consumers for personal, family, or household purposes. A loan made to an investor (individual or entity) for the purpose of acquiring or refinancing rental or commercial property falls outside that definition. See, for example, 15 U.S.C. Section 1602(cc)(2) (TILA consumer-credit definition) and 12 C.F.R. Section 1026.3(a) (Regulation Z business-purpose exemption).

State licensing parallels federal law in most states: the mortgage licensing requirements apply only to consumer mortgage origination. Most states either (a) adopt the federal business-purpose exemption by reference, (b) have their own statutory exemption for investment-property lending, or (c) do not regulate business-purpose lending at all.

In plain English: Quicker Home Loans does not need, and does not hold, an NMLS number or state-by-state mortgage licenses because the loans we make are not the kind of loans those licensing systems regulate. This is the same regulatory posture used by virtually all legitimate DSCR and business-purpose lenders in the United States.

We originate loans in 45 states under the business-purpose exemption framework described above. Our full active-lending footprint:

In the following five states, Quicker Home Loans does not currently originate loans. We maintain informational content about DSCR and investment-property financing for residents of these states, but we cannot take applications or close loans there at this time:

• Idaho
• Nevada
• North Dakota
• Oregon
• South Dakota

These states have either state-specific licensing requirements we have not yet pursued, or regulatory regimes that make business-purpose lending impractical for our program size. If you are an investor in one of these states, we are happy to refer you to a lender licensed to close there.

Because our loans are business-purpose, the consumer-protection regime that governs your home mortgage does not apply. Specifically:

• No TILA disclosures. You will not receive a Loan Estimate or Closing Disclosure in the format required for consumer mortgages. You will receive a commercial-style term sheet and closing statement.
• No RESPA-regulated settlement services. Settlement is governed by the terms of your loan documents and applicable state law, not RESPA.
• No 3-day rescission. The TILA right-of-rescission for refinances on primary residences does not apply to investment-property refinances.
• Entity closings are expected. Most borrowers close in an LLC. Loans closed in a personal name are still business-purpose, provided the property is non-owner-occupied investment real estate.
• Business-purpose certification. At closing, you will sign a business-purpose certification confirming the loan is for investment purposes. Misrepresenting the purpose of the loan is grounds for acceleration and may constitute loan fraud.

Quicker Home Loans complies with the Equal Credit Opportunity Act (ECOA) and all applicable federal and state fair-lending laws. We do not discriminate on the basis of race, color, religion, national origin, sex, marital status, age, receipt of public assistance, or the good-faith exercise of any right under the Consumer Credit Protection Act.

If you believe you have been treated unfairly in connection with a credit application, you may contact the Consumer Financial Protection Bureau at consumerfinance.gov or file a complaint with your state attorney general.

If you are a regulator, investor, or borrower with questions about how Quicker Home Loans is structured or why a specific loan is or is not subject to a particular law, please contact us:

This page is provided for transparency and is not legal advice. Quicker Home Loans is not a law firm and does not provide legal or tax counsel. Investors should consult their own counsel to evaluate how any given loan structure affects their specific situation.