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Banking Division
Weekly Bulletin

September 20, 2013

SECTION I

This section records the receipt of applications and notices to the Banking Division of the Department of Financial Services.   Applications and notices received by Foreign and Wholesale Banks, Community and Regional Banks and Licensed Financial Services are listed in order of date of receipt; applications and notices received by Mortgage Banking are listed at the end of Section I by type of application or notice.  THE WEEKLY BULLETIN CONSTITUTES THE ONLY WRITTEN NOTIFICATION OF THESE SUBMISSIONS THAT WILL BE ISSUED BY THE DEPARTMENT.  Any comment on, or objection to, any item contained in this Weekly Bulletin should be presented to the Department within 10 calendar days of the date of this bulletin, unless a different time period is specified in the item.  More specifically, such comments or objections, including any that concern CRA-related applications, should be either  (a) delivered by mail or in person to Office of the General Counsel, New York State Department of Financial Services, One State Street, New York, New York 10004-1417 before the stated deadline or (b) transmitted by e-mail to Comments@dfs.ny.gov. This Weekly Bulletin may also be viewed online at the Department’s Web site at:  http://www.dfs.ny.gov

For information on CRA applications and notices, please select this link.

SECTION II

This section records actions taken by the Superintendent of Financial Services, and other information concerning the activities of the Banking Division of the Department of Financial Services.  Actions relating to institutions supervised by Foreign and Wholesale Banks, Community and Regional Banks and Licensed Financial Services are listed in order of date of action; actions relating to institutions supervised by Mortgage Banking are listed at the end of Section II by type of action taken.

GENERAL INFORMATION

Each item in the Weekly Bulletin is identified by a two-letter code indicating the type of institution and a three-letter code indicating the unit of the Department which has supervisory responsibility for the institution.  The following is a list of the codes and their meanings:

Institution Codes

BK

Bank

MB

Mortgage Banker

BP

Budget Planner

BR

Mortgage Broker

CC

Check Casher

MLS

Mortgage Servicer

CU

Credit Union

PF

Premium Finance Agency

FA

Foreign Agency

PB

Private Banker

FB

Foreign Branch

SD

Safe Deposit Company

FR

Foreign Representative Office

SF

Sales Finance Agency

HC

Holding Company

SL

Savings and Loan Association

IC

Investment Company

SB

Savings Bank

LL

Licensed Lender

TM

Transmitter of Money

MK

Merchant Bank

TR

Trust Company

MI

Miscellaneous

 

 

Regulatory Unit Codes

CRB

Community and Regional Banks

CSD

Consumer Services

FWB

Foreign and Wholesale Banks

LFS

Licensed Financial Services

MBD

Mortgage Banking


SECTION I

September 17, 2013 (BK-CRB)
USNY BANK
389 Hamilton Street, Geneva, NY  14456

Application dated September 10, 2013, for permission to open and occupy a branch office at 34-36 Main Street, Oneonta, Otsego County, NY 13820, received.


September 18, 2013 (CC-LFS)
HAR-JOE CHECK CASHING CORP.
90-44 Parsons Boulevard, Jamaica, NY 11432

An application was received for a license to engage in business as licensed casher of checks in conjunction with the merger of VAM Check Cashing Corp. into Har-Joe Check Cashing Corp. at the following location:

2930 Atlantic Avenue, Brooklyn, NY 11207

The publication of receipt of this application does not indicate that the application is deemed complete.  An application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.

Any comments or objections should be submitted in writing, within 10 business days, by October 4, 2013.


Application to engage in the business of a Mortgage Broker under Article 12-D of the New York State Banking Law received for examination:

September 17, 2013 (BR-MBD)
Applicant(s)
Anthony M. Piccone
Carolyn A. O'Mara
Tracy Morrocco
As: 7th Level Mortgage LLC
401 Route 70E, Suite 208, Cherry Hill, NJ 08034 2410


Application to establish a Mortgage Broker's Branch received for examination:

September 18, 2013 (BR-MBD)
Full Service Branch
Absolute Home Mortgage Corporation
40 Park Avenue, Second Floor, Rutherford, NJ 07070


Application to establish a Mortgage Banker's Branch received for examination:

September 13, 2013 (MB-MBD)
Full Service Branch
Franklin First Financial, Ltd. D/B/A Franklin First Mortgage Bankers
Additional DBA(S): Presidents First Mortgage Bankers
Senior Funding Group
1020 Avenue X, First Floor, Brooklyn, NY 11223

September 13, 2013 (MB-MBD)
Full Service Branch
Urban Financial Group, Inc. D/B/A Reverse It!
3 Huntington Quadrangle, Suite 305N, Melville, NY 11747

September 18, 2013 (MB-MBD)
Full Service Branch
One Reverse Mortgage, LLC
154 Main Street, Carriage House #7, Hamburg, NY 14075

September 18, 2013 (MB-MBD)
Full Service Branch
Homestead Funding Corp.
517 Broadway, Suite 202, Saratoga Springs, NY 12866


Application received pursuant to Section 594-b of the New York Banking Law and Part 410 of the Superintendent's Regulations for a control interest:

September 18, 2013 (MB-MBD)
Applicant(s)
Noel Chapman
Joseph P. Sheridan, Jr.
To acquire interest in:
Real Estate Mortgage Network, Inc. D/B/A Menlo Park Funding
499 Thornall Street, 2nd Floor, Edison, NJ 08837


Article 12-E Applications received. Individuals listed may not engage in mortgage loan origination activities prior to the approval of their application for licensing.   They must  also complete all required education, testing and bonding requirements by the dates set forth in Part 420 of the Superintendent’s Regulations which may be found on the Department’s website.

Date of Application

NMLS ID

Name of Applicant

City & State of Residence

August 19, 2013

1057140

David Joel Smith

Fort Mill

SC

August 26, 2013

999446

Bokole Charles Braun

Detroit

MI

August 27, 2013

957418

Stephen Edward Porter

Ridley Park

PA

July 11, 2013

1071754

Craig Matthew Hahn

Skokie

IL

August 27, 2013

926703

Patrick Joseph O'Connor

Detroit

MI

August 23, 2013

902448

Douglas Richard Ganor

Cleveland

OH

August 26, 2013

1049246

Keilah A Miller-Smith

Jamaica

NY

August 23, 2013

964509

Megan Renee Raphoon

Detroit

MI

September 11, 2013

1067228

Rajiv  Singh

Skillman

NJ

July 12, 2013

58142

Nicholas Anthony Cettei

Franklinville

NJ

July 25, 2013

1004260

Ryan Timothy Ponder

Columbia

MO

August 21, 2013

1050101

Brittany Grace Ross

Westbury

NY

August 12, 2013

950031

Kyle Phillip Erpenbach

Catonsville

MD

July 30, 2013

1003839

Yuliana R. Tavarez

Amityville

NY

August 28, 2013

11900

Wesley Craig Hoaglund

Incline Village

NV

August 23, 2013

938900

Ty Eric Maruyama

Scottsdale

AZ

August 23, 2013

976773

Helmut Douglas Benavides

Glendale Heights

IL

August 9, 2013

888041

Tracy Donald Adams

Burlington

NJ

August 26, 2013

1078020

Jeremy  Cohen

Roslyn

NY

May 22, 2013

149140

Joseph J Bement

Glassboro

NJ

August 26, 2013

999467

Andrew Esa Katajamaki

Novi

MI

August 22, 2013

307650

Joseph David Simonoko

Charlotte

NC

August 19, 2013

305428

Isy  Benhamroun

Cresskill

NJ

August 23, 2013

397611

Travis Lan Mckinney

Belleville

MI

July 15, 2013

1064106

Xiaohui  Lu

New York

NY

August 21, 2013

1061432

Jason Randall Brown

Columbia

MO

August 1, 2013

152137

Donald Tahone Meadows

Chicago

IL

August 8, 2013

1076911

Anita Santiago

Bronx

NY

March 11, 2013

1024256

Amanda Jill Smukler

Conshohochen

PA

July 10, 2013

1032595

Jeffrey Mark Gottlieb

Clifton

NJ

May 31, 2013

61338

Jonathan A Bardram

Wading River

NY

May 20, 2013

305424

Walter Lee Yohe

Hyde Park

NY

May 28, 2013

1064109

Jeffrey Scot Levin

Montebello

NY

July 10, 2013

885018

Robereto Rivera

Edgewater

NJ


SECTION II

August 30, 2013 (PF-LFS)
GOTOPREMIUMFINANCE.COM, LLC
6200 Canoga Avenue, Suite 400, Woodland Hills, CA 91367

No objection issued to the notification of a change of headquarters location from 21820 Burbank Boulevard, Suite 300, Woodland Hills, CA 91367 to 6200 Canoga Avenue, Suite 400, Woodland Hills, CA 91367.


August 30, 2013 (SF-LFS)
PORSCHE FINANCIAL SERVICES, INC. U/A/N BENTLEY FINANCIAL SERVICES U/A/N LAMBORGHINI FINANCIAL SERVICES
980 Hammond Drive, Suite 500, Atlanta, GA 30328

No objection will be interposed to the change of headquarters location from 4343 Commerce Court, Suite 300, Lisle, IL 60532 to 980 Hammond Drive, Suite 500, Atlanta, GA 30328.


August 30, 2013 (SF-LFS)
PORSCHE FUNDING LIMITED PARTNERSHIP
980 Hammond Drive, Suite 500, Atlanta, GA 30328

No objection will be interposed to the change of headquarters location from 4343 Commerce Court, Suite 300, Lisle, IL 60532 to 980 Hammond Drive, Suite 500, Atlanta, GA 30328.


September 18, 2013 (TR-CRB)
CHEMUNG CANAL TRUST COMPANY
One Chemung Canal Plaza, Elmira, NY 14901

Authorizations issued to open and occupy branch offices at the following six locations, on or after September 19, 2013:

  1. 120 Genesee Street, Auburn, Cayuga County, NY 13021;
  2. 185 Grant Avenue, Auburn, Cayuga County, NY 13021;
  3. 1094 Highway 222, Town of Cortlandville, Cortland County, NY 13045;
  4. 202 The Commons, Ithaca, Tompkins County, NY 14850;
  5. 304 Elmira Road, Ithaca, Tompkins County, NY 14850; and
  6. 54 Fall Street, Seneca Falls, Seneca County, NY 13148.

(These offices are to be acquired from Bank of America N.A.)


September 18, 2013 (BK-CRB)
NEW YORK COMMERCIAL BANK
One Suffolk Square, Islandia, NY 11749

Approval given to change the location of branch office from 387 Park Avenue South, Borough of Manhattan, City of New York 10016 to 404 Park Avenue South, Borough of Manhattan, City of New York 10016, on or after September 19, 2013.


September 18, 2013 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

As provided in Section 28-c of the Banking Law, the Superintendent of Financial Services has found that the proposed closing of branch office at 19 East Main Street, Frewsburg, Town of Carroll, Chautauqua County, NY 14738, will not result in a significant reduction of banking services in the community to be affected.


September 18, 2013 (SB-CRB)
NEW YORK COMMUNITY BANK
136-65 Roosevelt Avenue, Flushing, NY 11354

As provided in Section 28-c of the Banking Law, the Superintendent of Financial Services has found that the proposed closing of branch office in Stop & Shop Supermarket, 2650 Sunrise Highway, East Islip, Town of Islip, Suffolk County, NY 11730, will not result in a significant reduction of banking services in the community to be affected.


Certificate issued to engage in the business as a Mortgage Broker under Article 12-D of the New York State Banking Law:

September 13, 2013 (BR-MBD)
Quintessential Mortgage Group, Inc.
47 Mamaroneck Avenue, White Plains, NY 10601

September 16, 2013 (BR-MBD)
MDE Funding Limited Liability Company In Lieu of True Name
MDE Home Loans Limited Liability Company
26 Ayers Lane, Little Silver, NJ 07739 1252

September 16, 2013 (BR-MBD)
American Residential Mortgage, Inc.
3 Winners Circle, Suite 304, Albany, NY 12205 1161

September 17, 2013 (BR-MBD)
Genpact Mortgage Services, Inc.
15420 Laguna Canyon Road, Suite 100, Irvine, CA 92618 2120

September 17, 2013 (BR-MBD)
Ruma Financial Corporation
306 Avenel Street, Avenel, NJ 07001 1523


License issued to engage in the business of a Mortgage Banker under Article 12-D of the New York State Banking Law:

September 13, 2013 (MB-MBD)
East Coast Capital Corp.
25 Melville Park Road, Suite 200, Melville, NY 11747 3156


Certificate issued to engage in the business as a Mortgage Loan Servicer under Article 12-D of the New York State Banking Law:

September 13, 2013 (MLS-MBD)
EGS Mortgage Services, Inc.
5085 Park Boulevard, Suite 300, Plano, TX  75093


License issued to engage in the business as a Mortgage Banker Branch under Article 12-D of the New York State Banking Law:

September 13, 2013 (MB-MBD)
Full Service Branch
East Coast Capital Corp.
527 Townline Road, Suite 300A, Hauppauge, NY 11788

September 13, 2013 (MB-MBD)
Full Service Branch
East Coast Capital Corp.
270 Jericho Turnpike, Floral Park, NY 11001

September 16, 2013 (MB-MBD)
Full Service Branch
Atlantic Home Loans, Inc.
1835 Post Road East, 2nd Floor, Westport, CT 06880

September 16, 2013 (MB-MBD)
Full Service Branch
RFC Mortgage In Lieu of True Name Residential Finance Corporation
225 Gordons Corner Road, Suite 1D, Manalapan, NJ 07726

September 16, 2013 (MB-MBD)
Full Service Branch
Residential Home Funding Corp. D/B/A RHF Wholesale
1471 Route 9, Suite 212, Clifton Park, NY 12065

September 16, 2013 (MB-MBD)
Full Service Branch
Envoy Mortgage, Ltd.
746 Merrick Road, Baldwin, NY 11510


Certificate to engage in the business of a Mortgage Broker surrendered:

September 13, 2013 (BR-MBD)
East Coast Capital Corp.
25 Melville Park Road, Suite 200, Melville, NY 11747 3156
Effective Date: September 13, 2013


Certificate to engage in the business of a Mortgage Broker Branch surrendered:

September 13, 2013 (BR-MBD)
Full Service Branch
East Coast Capital Corp.
270 Jericho Turnpike, Floral Park, NY 11001
Effective Date: September 13, 2013

September 13, 2013 (BR-MBD)
Full Service Branch
East Coast Capital Corp.
527 Townline Road, Suite 300A, Hauppauge, NY 11788
Effective Date: September 13, 2013


License to engage in the business of a Mortgage Banker Branch surrendered:

September 17, 2013 (MB-MBD)
Full Service Branch
US Mortgage Corporation
104-15 Jamaica Avenue, Richmond Hill, NY 11418
Effective Date: September 16, 2013

September 17, 2013 (MB-MBD)
Full Service Branch
US Mortgage Corporation
225 West 39th Street, Suite 902, New York, NY 10018
Effective Date: September 16, 2013

September 17, 2013 (MB-MBD)
Full Service Branch
Real Estate Mortgage Network, Inc. D/B/A Menlo Park Funding
7361 Calhoun Place, Suite 490, Rockville, MD 20855
Effective Date: September 11, 2013


The following have been reinstated to the role of registered mortgage brokers. New mortgage brokerage residential property business may now be resumed:

September 13, 2013 (BR-MBD)
Nicholas Palumbo DBA
The Money Express
52 Harrigan Road, Hopewell Junction, NY 12533

September 17, 2013 (BR-MBD)
Noble Mortgage, Inc.
2298 First Avenue, 2nd Floor, New York, NY 10035

September 18, 2013 (BR-MBD)
First Capital Funding Inc.
1119 Nostrand Avenue, Brooklyn, NY 11225

September 18, 2013 (BR-MBD)
Silver Lining Funding Inc.
444 Route 111, Smithtown, NY 11787

September 18, 2013 (BR-MBD)
Thomas Tangney Esq. LLC D/B/A Double T
840 Shore Road, Apt. 4F, Long Beach, NY 11561 5407

September 18, 2013 (BR-MBD)
Homequest Mortgage & Financial Services Corp.
250 Fulton Avenue, Suite 420, Hempstead, NY 11550

September 18, 2013 (BR-MBD)
Directcash Mortgage Services, Inc.
2730 Claudia Court, Bellmore, NY 11710


Application to assume inactive status as a registered mortgage broker pursuant to Article 12-D of the Banking Law approved:

September 13, 2013 (BR-MBD)
Mortgage Security, Inc.
31 Teaticket Highway, Suite 2-7, East Falmouth, MA 02536
Effective Date: September 04, 2013

September 13, 2013 (BR-MBD)
Chateau Equity, Inc.
2 Hollyhock Lane, Bedford, NY 10506 1004
Effective Date: September 06, 2013


Application approved pursuant to Section 594-b of the New York Banking Law and Part 410 of the Superintendent's Regulations for a control interest:

September 17, 2013 (MB-MBD)
Applicant(s)
Beneficial Company LLC
To acquire interest in:
Beneficial Homeowner Service Corporation
26525 North Riverwoods Boulevard, Suite 100, Mettawa, IL 60045 3439

September 17, 2013 (MB-MBD)
Applicant(s)
Barri Habib
Michael A. Isaacs
Toni Lee Habib
To acquire interest in:
RFC Mortgage In Lieu of True Name Residential Finance Corporation
One Easton Oval, Suite 400, Columbus, OH 43219 6092

September 17, 2013 (MB-MBD)
Applicant(s)
Edmund S. Buchser, III
To acquire interest in:
Atlantic Home Loans, Inc.
20 Chapin Road, Unit 1013A, Box #2006, Pine Brook, NJ 07058


The following registered mortgage broker has entered into a Settlement Agreement with the Department in lieu of a hearing for a fine or revocation of its mortgage broker registration, to settle the violation of Section 1005(a)(1) of the New York Business Corporation Law.  The Registrant maintained an active registration with the Department and remained on the Roll of Registered Mortgage brokers, even though its status as a corporation was dissolved.  Furthermore, the Registrant failed to notify the Department of the dissolution of its corporate status in New York in violation of Supervisory Procedure MB 102.1(c)(1). The Settlement Agreement terms and conditions include a fine of $2,000 payable in ten monthly installments.

September 13, 2013 (BR-MBD)
Statewide Capital Mortgage Corp.
1713 Flatbush Avenue, Brooklyn, NY 11210