Volume of Operations Report (VOOR)
April 12, 2017
Pursuant to §597 of the New York Banking Law, licensed mortgage bankers and registered mortgage brokers are required to complete a Volume of Operations Report (“VOOR”) annually.
Recent initiatives to restructure the Department’s VOOR filing requirements have delayed the commencement of the 2016 VOOR reporting process. Once the reporting structure for the 2016 VOOR is finalized, correspondence outlining the filing requirements will be sent to licensed mortgage bankers and registered mortgage brokers. All VOOR filers will have six weeks from the date of this correspondence to file the required information.
Please be advised that the Department intends to limit the data collected in the 2016 VOOR to loan origination volume, servicing activity and gross revenue figures.