Is Loanplaced legit? A direct answer.
Yes. Loanplaced is a licensed loan comparison and placement service ā NMLS #1234567, incorporated in Delaware, operating since April 2013. But rather than asking you to take our word for it, here's the verification anyone can complete in about five minutes.
Verify Loanplaced independently in 5 minutes
- NMLS Consumer Access ā visit nmlsconsumeraccess.org, search "Loanplaced" or NMLS ID 1234567. You'll see our registration date, state licenses, and any regulatory action history. This is the federal registration system for consumer loan companies.
- Better Business Bureau ā search "Loanplaced" at BBB.org. We've held A+ accreditation since 2015. You can read complaints and our responses.
- Delaware Division of Corporations ā Loanplaced, LLC is registered at 1200 Financial Way, Suite 400, Wilmington, DE 19801. Corporate records are public.
- Trustpilot, Google Reviews, Consumer Affairs ā three independent third-party review platforms. Ratings tracked on our reviews page.
- Team credentials ā every advisor on our about page lists their CFPĀ®, NMLS, CPA, or bar number. Every number can be verified through the respective credentialing body.
How to spot loan scams (that Loanplaced is not)
Common markers of loan scams ā none of which Loanplaced does:
- Upfront fees before funding. Loanplaced charges borrowers nothing. We are paid a flat placement fee by the lender only when a loan closes.
- Guaranteed approval regardless of credit. Loanplaced can't guarantee approval and doesn't advertise it.
- Pressure to accept immediately. Loanplaced offers stand for the disclosed window (typically 24-72 hours). We don't push.
- Wire transfers or gift card payments. Loanplaced never requests either. Ever.
- No physical address or NMLS registration. A real loan business has both. Loanplaced's registered address and NMLS number are on every page of this website.
How Loanplaced makes money ā in plain language
Loanplaced is paid a flat placement fee by lender partners when a loan closes. Not a percentage. Not a rate markup. Not a lead sale. The borrower pays nothing to Loanplaced directly. Lender partners cannot pay for higher placement on your quote page ā offers are ranked by cost to you.
This is disclosed on our About page, in our Terms of Service, in our Disclaimer, and in the closing packet of every loan we place. It's disclosed this many places because federal law requires transparency and because we think you deserve it.
What Loanplaced does that legit brokers do
- Files an annual Consumer Financial Protection Bureau (CFPB) census report.
- Maintains active state consumer finance and mortgage broker licenses where required.
- Renews NMLS registration annually with continuing education for licensed loan officers.
- Complies with the Fair Credit Reporting Act, Equal Credit Opportunity Act, Truth in Lending Act, Gramm-Leach-Bliley Act, and applicable state consumer finance laws.
- Provides written closing disclosures at least 3 business days before mortgage closings (RESPA/TILA).
The short answer
Yes, Loanplaced is a legitimate, licensed, regulated loan comparison and placement service ā and the verification tools above let you confirm every claim on this page. If you have a question that isn't answered here, email [email protected] or call +1 (800) 000-0000 and a licensed advisor will address it.