We could have put this disclaimer/terms of use in the legalese version but then most people wouldn't read it. Instead here is the non-legalese version without any fine print. Here it goes:

LSPros cannot guarantee a referral being turned into an approval. LSPros is a guide, not a guarantee, to more reputable lenders in the mortgage industry. We are not lenders and cannot affect underwriting decisions. We do our best to direct consumers to lenders who have guidelines that fit their individual profile. We cannot and do not guarantee an approval however.

The mortgage industry is complex and constantly changing. Mortgage companies are affected by a wide variety of factors. Employee turnover, personal stresses, secondary mortgage market conditions, the economy in general, acts of nature, etc. We cannot be 100% omniscient as to what goes on 100% of the time at our lender referral partners therefore although we try, we cannot guarantee and or be held legally responsible for delays in closings.

LSPros does its best to screen lenders for integrity in the lending process. We are familiar with numerous sales tricks, deceptive advertising, etc. We cannot, however, guarantee or be held responsible for a consumer being taken advantage of. Consumers still must do their own due diligence. Although we are very knowledagble and can spot many unscrupulous tactics ahead of time, we cannot guarantee or be held responsible for all the actions of our lender partners. Relationships with lenders are even after extensive screening and interviews based on some degree of trust. A dishonest lender can try to fool us or abuse that trust.

LSPros cannot guarantee any particular rates or terms. LSpros can only provide more insight to the rateshopping process so consumers can make better, more informed, decisions on their own. LSPros cannot be held legally responsible for the rates or terms an individual consumer receives. Consumers must still ultimately use their own judgement in picking a lender or mortgage broker. LoanShoppingPros is simply a reference point consumers can use to aid and improve their own judgement.

What LSPros Can Do

We can inform and provide much deeper insight into the mortgage process than over 95% of consumers can achieve on their own (because they have other careers and are not industry insiders). Our goal and job is to be a guide and an objective source of timely, individualized, mortgage information. Shopping lenders ahead of time lets us eliminate most of the unscrupulous or slow and inefficient lenders out there. We can help consumers save a great deal of time and avoid most, if not all the pitfalls in the mortgage lending process.

LSPros uses the pooled shopping power of many borrowers to obtain good terms and service for our borrowers. Lenders are much more inclined to treat our customers well because:

1. We have screened for and interviewed them to weed out many of the unscrupulous ones.

2. Reasonable lenders want more business, so they must treat customers fairly.

Beyond those incentives and a certain degree of screening we cannot exercise any direct control over our lender partners and therefore cannot legally be held responsible for their actions.

Lenders who are found to have broken with our standards and abuse our consumers are dropped from our network. LSPros relies on the feedback we receive from our consumers to help us improve our network further.

Consumers who use LSPros should treat this site as a source of friendly advice on the mortgage process and lending industry. There are so many variables involved in shopping for a mortgage that in the end we cannot be held liable for the outcome of a loan search.