Mortgage Banker, Broker and Servicer: Change of Company Legal Name

Effective March 23, 2009, the Department of Financial Services began accepting applications to amend the legal name of mortgage brokers and mortgage bankers through the Nationwide Mortgage Licensing System (NMLS). All applicants seeking to change the legal name of a New York regulated Mortgage Broker or Mortgage Banker or Mortgage Servicer must submit an Amendment through the online application process.

Note: Your company must have a unique NMLS identification number, a User ID and Password to access to NMLS in order to submit Amendments through the online system.

General Instructions

WORD APPROVAL. Request to change the corporate name of an entity or add an assumed name is subject to availability of such name in the State of New York. If the amended name includes restricted words the prior approval of the Superintendent is required.
Jurisdiction specific documents must be accompanied by a cover letter on company letterhead (reflecting authorized name of entity in the State of New York) and signed by an owner or authorized principal officer of the company.
The Department can deny your request if it determines that the use of the new name would result in consumer confusion.

Jurisdiction Specific Requirements

Jurisdiction-specific requirements as identified below must be submitted within five business days of the submission of your application through NMLS to the State of Department of Financial Service at the following address:

State of New York Department of Financial Service
One State Street
New York, NY 10004
Attention Mortgage Banking

ORIGINAL REGISTRATION. Submit the principal office registration and all additional authorized branch office registrations. Note: If your registration(s) has been lost or misplaced you must submit a notarized Lost License and Certificate Affidavit for each lost registration.

SECRETARY OF STATE/MUNCIPALITY DOCUMENTATION. Provide the following documentation:

Filing receipt from the Secretary of State evidencing approval of the name change
Recorded or certified copy of the Certificate of Amendment filed with the Secretary of State.
Foreign Corporations must also provide a certified copy of the certificate of amendment from its home state.
General partnerships must provide a certificate evidencing name change from the appropriate county clerk’s office. Note: The certificate must have the county clerks’ receipt affixed to the document.

SURETY BOND RIDER. Submit a Surety Bond Rider reflecting the change of name.

WHO TO CONTACT:
If you require assistance in using the NMLS database or logging into the system, please contact the NMLS Call Center at (240) 386-4444

For New York State Jurisdiction specific requirements contact the Department the via e-mail at mbbdenovo@dfs.ny.gov

FAILURE TO INCLUDE THE ABOVE LISTED ITEMS WITH YOUR ORIGINAL NOTIFICATION WILL DELAY PROCESSING. INCOMPLETE APPLICATIONS WILL BE RETURNED

YOU ARE NOT AUTHORIZED TO ENGAGE IN MORTGAGE ORIGINATION ACTIVITIES UNDER THE NEW NAME UNTIL YOU RECEIVE APPROVAL FROM THE SUPERINTENDENT OF FINANCIAL SERVICES OF THE STATE OF NEW YORK.