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Banking Division
Weekly Bulletin

November 28, 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.

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

November 25, 2013 (CC–LFS)
NY COMMERCIAL FINANCE CORP.
100 Broadway, Brooklyn, NY 11211

An application was received for a Change of Name of a licensed casher of checks From: NY Commercial Finance Corp. to: NY Commercial Finance Corp. D/B/A Broadway Financial.

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 ten business days, by December 13, 2013.


November 26, 2013 (MI-CRB)
BCB COMMUNITY BANK
104-110 Avenue C, Bayonne, NJ 07002

Application dated November 22, 2013, for permission to open and occupy a branch office at 354 New Dorp Lane, Borough of Staten Island, City of New York 10306, received.


November 26, 2013 (CC-LFS)
JOAN LACHAR
Scarsdale, NY 10583

An application for a change of control of Fast Cash Check Cashing, Inc. a licensed casher of checks was received.

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 ten business days, by December 13, 2013.


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

November 27, 2013 (MB-MBD)
Full Service Branch
MLD Mortgage Inc. D/B/A The Money Store
Additional DBA(S): Mortgage Lending Direct
301 North Broadway, Suite 202, Jericho, NY 11753

November 27, 2013 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
4400 North Federal Highway, Suite 130, Boca Raton, FL 33431

November 27, 2013 (MB-MBD)
Full Service Branch
Syracuse Securities, Inc.
120 Sheldon Avenue, Oswego, NY 13126

November 27, 2013 (MB-MBD)
Full Service Branch
Syracuse Securities, Inc.
4902 West Genesee Street, Syracuse, NY 13219


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:

November 22, 2013 (MB-MBD)
Applicant(s)
Pavan Shunker Agarwal
To acquire interest in:
Sun West Mortgage Company, Inc.
18303 Gridley Road, Cerritos, CA 90703


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 7, 2013

135522

James L Callison

West Palm Beach

FL

August 13, 2013

19276

Scott Gerald Robisch

Hopewell Junction

NY

September 10, 2013

66168

Paul A Padovani

Somers

NY

September 12, 2013

1102196

James William Schunk

Cortlandt Manor

NY

September 24, 2013

1069403

Alaaeldin Mohamed Saad

Centereach

NY

September 27, 2013

1007655

Jason Kumar Kapoor

Davidsonville

MD

October 11, 2013

68780

Peter Wilder Smith

Slingerlands

NY

October 17, 2013

66932

Michelle Linda Longiaru

East Meadow

NY

October 24, 2013

133332

Kichan Jonathan Lee

Flushing

NY

November 4, 2013

900410

Jason  Spinelli

Dix Hills

NJ

November 6, 2013

881604

Adam Michael Morgan

Fairview Park

OH

November 6, 2013

881537

Samuel Jameson Stockham

Tempe

AZ

November 7, 2013

1121109

Ryan Thomas Virtue

Louisville

KY

November 7, 2013

1108119

Randi Jennifer Meriage

Columbia

MO

November 9, 2013

1107350

Justin Matthew Bailey

Lincoln Park

MI

November 9, 2013

1087544

Jacob Andrew Walson

Taylor

MI

November 9, 2013

1107764

Scott Joseph Tousignant

Clinton Twp

MI

November 9, 2013

1054787

Kemuel Antonio Veloz

Lincoln Park

MI

November 9, 2013

1107184

Jeffrey Louis Locricchio

Rochester Hills

MI

November 9, 2013

1107227

Katherine Mary Mcdermott

Livonia

MI

November 9, 2013

1107363

Travis James Beck

Livonia

MI

November 25, 2013

329080

Neil William Grote

Mendham

NJ

 


SECTION II

October 17, 2013 (PF–LFS)
IPFS CORPORATION UANS PREMIUM FINANCING SPECIALISTS AND IMPERIAL CREDIT
1055 Broadway, 11th Floor, Kansas City, MO 64105

Licenses to conduct premium finance agency business at the following locations were surrendered:

601 S. Glenoaks Blvd., Suite 403, Burbank, CA 91502
12424 Wilshire Blvd., Suite 1030, West Los Angeles, CA 90025


October 29, 2013 (SF-LFS)
PAYMENT PLANS, INC.
7066 Clinton Street
Elma, Erie County, NY 14059

License to engage in business as a sales finance company was surrendered.


November 12, 2013 (CC-LFS)
CHECKCHANGERS NEW YORK, LLC
8405 20th Avenue, Brooklyn, NY 11214

License was issued to engage in business as a licensed casher of checks as a result of the purchase of certain assets of David’s Money Centers of Bensonhurst, L.L.C.  at  2801 86th Street,  Brooklyn, NY  11223.

In connection with the above license issuance, the original check casher license for the above location was surrendered.


November 22, 2013 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Applicant notified in writing that no objection will be interposed to the establishment of electronic facilities (automated teller machines) at the following two locations:

  1. Airborne Business Park, 80 Holtz Drive, Town of Cheektowaga, Erie County, NY 14225; and
  2. The Larkin Building, 701 Seneca Street, Buffalo, Erie County, NY 14210.

November 22, 2013 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Authorization issued to open and occupy a branch office at D'Youville College, 320 Porter Avenue, Buffalo, Erie County, NY 14201 for the limited purpose of opening accounts, on or after November 23, 2013.

(This branch is to be in operation periodically at this location.)


November 27, 2013 (SF-LFS)
CHARLES T. CARLSON
1315 Washington Street, Jamestown, Chautauqua County, NY 14701

An Application was approved for a change of control of Shults Oldsmobile Cadillac Pontiac, Inc., to reflect the transfer of 10% of company stock to Charles T. Carlson.


Application approved pursuant to Section 594-b of the New York Banking Law and Part 418 of the Superintendent's Regulations for a control interest:

November 22, 2013 (MLS-MBD)
Applicant(s)
Front Range Capital Partners, LLC
To acquire interest in:
Statebridge Company, LLC
5680 Greenwood Plaza Boulevard, Suite 100S, Greenwood Village, CO 80111


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

November 26, 2013 (BR-MBD)
Allnet Group, Inc.
One Dupont Street, Suite 108, Plainview, NY 11803


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

November 27, 2013 (MLS-MBD)
Franklin Credit Management Corporation
101 Hudson Street, 25th Floor, Jersey City, NJ 07302


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

November 26, 2013 (BR-MBD)
Allnet Group Inc.
One Dupont Street, Suite 109, Plainview, NY 11803
Effective Date: November 26, 2013


Certificate to engage in the business of a Mortgage Loan Servicer surrendered:

November 27, 2013 (MLS-MBD)
iServe Servicing, Inc.
13520 Evening Creek Drive North, Suite 400, San Diego, CA  92128
Effective Date:  November 14, 2013

November 27, 2013 (MLS-MBD)
Rushmore Loan Management Services LLC
15480 Laguna Canyon Road, Irvine, CA  92618
Effective Date:  September 24, 2013


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

November 21, 2013 (BR-MBD)
Full Service Branch
Territory Mortgage, Inc.
55 East Genesee Street, Baldwinsville, NY 13027
Effective Date: November 19, 2013

November 21, 2013 (BR-MBD)
Full Service Branch
Territory Mortgage, Inc.
3313 Chili Avenue, Suite B, Rochester, NY 14624
Effective Date: November 19, 2013

November 26, 2013 (BR-MBD)
Full Service Branch
First Rochester Mortgage Corp. D/B/A Uni-Source Funding
Additional DBA(S):
Centerpointe Mortgage
eastcap mortgage
15 Fishers Road, Suite 211, Pittsford, NY 14534
Effective Date: November 14, 2013

November 26, 2013 (BR-MBD)
Full Service Branch
First Rochester Mortgage Corp. D/B/A Uni-Source Funding
Additional DBA(S):
Centerpointe Mortgage
eastcap mortgage
2886 Niagara Falls Boulevard, Amherst, NY 14228
Effective Date: November 14, 2013

November 26, 2013 (BR-MBD)
Full Service Branch
First Rochester Mortgage Corp. D/B/A Uni-Source Funding
Additional DBA(S):
Centerpointe Mortgage
eastcap mortgage
502 South Main Street, Canandaigua, NY 14424
Effective Date: November 14, 2013


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

November 25, 2013 (MB-MBD)
Full Service Branch
US Mortgage Corporation
12 Little Neck Road, Suite 201, Centerport, NY 11721
Effective Date: November 14, 2013


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

November 21, 2013 (BR-MBD)
Money Market Mortgage, LLC
1343 Sullivan Avenue, 2nd Floor, South Windsor, CT 07074 2714

November 21, 2013 (BR-MBD)
Abound Financial Group, Inc.
751-759 Allerton Avenue, Suite 201, Bronx, NY 10467 8818


The following licensed mortgage broker  entered into a Settlement Agreement on November 7, 2013 with the Department in lieu of a hearing for a fine or revocation of its mortgage broker registration, to settle the violation of Section 594-b(1) of the New York Banking Law.  Furthermore, the Registrant failed to timely submit a mortgage broker change of control application to register the new owner pursuant to Section 104.1(a) of Supervisory Procedure MB 104. The Settlement Agreement terms and conditions include a fine of $5,000.  

November 25, 2013 (BR-MBD)
Adchemy, Inc. D/B/A Ratemarketplace    
1001 East Hillsdale Boulevard, 7th Floor, Foster City, CA 94404


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 violations of Section 1005(a)(1) of the New York Business Corporation Law. The registrant conducted mortgage activities without a valid corporate existence in New York. Furthermore, the registrant failed to notify the Department of its corporate dissolution in violation of Supervisory Procedure MB 102.1(c)(1). The Settlement Agreement terms and conditions include a fine of $5,000

November 26, 2013 (BR-MBD)
Allnet Group Inc.
One Dupont Street, Suite 109, Plainview, NY  11803


Approvals issued to engage in the business of mortgage loan origination under Article 12-E of the New York State Banking Law.

Date of Approval

NMLS ID

Name of Applicant

City & State of Residence

Sponsoring Entity

November 25, 2013

998972

Alexandria Jacquilynn Veronika Lynx Kazakos

Detroit

MI

Quicken Loans Inc.

November 25, 2013

157216

Scot David Alexander

Old Bethpage

NY

Residential Home Funding Corp.

November 25, 2013

987199

Joshua Howard Friedman

Plainview

NY

Residential Home Funding Corp.

November 25, 2013

847915

Alexander Vincent Murphy-Barriga

Scottsdale

AZ

Quicken Loans Inc.

November 25, 2013

1094751

Edgar  Molineros

Bronx

NY

United Northern Mortgage Bankers Limited

November 25, 2013

32943

Sumer  Naimi

Bloomfield Hills

MI

Quicken Loans Inc.

November 25, 2013

991453

John  Colelli

Lyndhurst

NJ

Heritage Mortgage Banking Corp.

November 25, 2013

913636

Chase Elliott Peregrym

Scottsdale

AZ

Quicken Loans Inc.

November 25, 2013

964714

Sabra  Stilwell

Tampa

FL

Residential Finance Corporation

November 25, 2013

30413

Brent Michael Wilson

Commerce Township

MI

Quicken Loans Inc.

November 25, 2013

950868

John Emery Salter

Amherst

OH

Quicken Loans Inc.

November 25, 2013

90536

Deborah A Lublin

White Plains

NY

Homerica Mortgage Corporation

November 25, 2013

313752

John Vincent Cestaro

Island Park

NY

Copiague Funding Corp.

November 25, 2013

365394

Eric  Shumacher

Brooklyn

NY

Talk Town Funding Ltd.

November 25, 2013

1055782

Kelli Marie Thornberry

Rochester Hills

MI

United Shore Financial Services, LLC

November 25, 2013

1087394

Paul  Rooney

White Plains

NY

Quantum Mortgage Corporation

November 25, 2013

625763

Shane R Gill

Webster

NY

Prospect Mortgage, LLC

November 25, 2013

1103843

Brian G Hines

Albany

NY

Priority Funding, LLC

November 25, 2013

628234

Adam C Smith

Rochester

NY

Home Town Funding, Inc d/b/a CNB Mortgage Company

November 25, 2013

145990

Kayla Marie Nicholas

Royal Oak

MI

Quicken Loans Inc.

November 25, 2013

209125

Manuel Jesus Guzman

Bronx

NY

Jersey Mortgage Company of New Jersey, Inc.

November 25, 2013

1075208

Louiza  Lazarou

Brooklyn

NY

Lyons Mortgage Services, Inc.

November 25, 2013

931063

Richard Francis Vellucci

Bridgewater

NJ

RESIDENTIAL HOME MORTGAGE CORPORATION

November 25, 2013

825723

Girard Brandon Braxton

Oak Park

MI

Quicken Loans Inc.

November 25, 2013

928854

Richard Scott Worrell

Atco

NJ

PHH Mortgage Corporation

November 25, 2013

921007

Allison Lynn Belcher

Jacksonville

FL

PHH Mortgage Corporation

November 25, 2013

774966

Benjamin Ross Lockwood

Ferndale

MI

Quicken Loans Inc.

November 25, 2013

1087584

Danielle M Munn

Lowville

NY

Devere Mortgage Corporation

November 25, 2013

1008266

Michael Alexander Samuels

Southampton

PA

TBI Mortgage Company

November 25, 2013

591359

Laura Anne Millard

Chesterfield

MI

Quicken Loans Inc.

November 25, 2013

628233

Helen M Saxby

Canandaigua

NY

Home Town Funding, Inc d/b/a CNB Mortgage Company

November 25, 2013

621879

Adam Christopher George Key

Plano

TX

Nationstar Mortgage LLC

November 25, 2013

517082

Kayla Noel Prewitt

Columbia

MO

Mortgage Research Center, LLC

November 25, 2013

1064109

Jeffrey Scot Levin

Montebello

NY

Residential Home Funding Corp.

November 25, 2013

628231

Jason C Proietti

Webater

NY

Home Town Funding, Inc d/b/a CNB Mortgage Company

November 25, 2013

65952

Fabian Gerardo Lopez

West Hempstead

NY

Meadowbrook Financial Mortgage Bankers Corp.

November 25, 2013

136120

Matthew Joseph Prizzi

Medford

NJ

NFM, Inc.

November 25, 2013

826567

Kelly Marie Palac

Romulus

MI

Quicken Loans Inc.

November 25, 2013

1082620

Nicholas Benjamin Green

Plano

TX

Nationstar Mortgage LLC

November 25, 2013

1065546

Lisa Marie Viglione Mrs.

Endicott

NY

1st Priority Mortgage, Inc.

November 25, 2013

155479

David John Castellano

Great Neck

NY

Reliance First Capital, LLC

November 25, 2013

424688

Mohamad Ihsan Beydoun

Dearborn Heights

MI

United Shore Financial Services, LLC

November 25, 2013

413793

Carol  Walker

Wantagh

NY

Mortgage Master, Inc.

November 25, 2013

1073217

Tobin  Titus

Searingtown

NY

Continental Mortgage Bankers, Inc

November 25, 2013

916543

Luke Douglas Thurman

Columbia

MO

Mortgage Research Center, LLC

November 25, 2013

151468

Elisa  Russo-Gable

Fairport

NY

Home Town Funding, Inc d/b/a CNB Mortgage Company

November 25, 2013

398666

Poonkuzhali  Vallinayagam

Cerritos

CA

Sun West Mortgage Company, Inc.

November 25, 2013

1061432

Jason Randall Brown

Columbia

MO

Mortgage Research Center, LLC

November 25, 2013

1055746

Bradley Thomas Mangune

Pontiac

MI

United Shore Financial Services, LLC

November 25, 2013

1091298

Joshua John Del Conte

Seekonk

MA

Embrace Home Loans, Inc.

November 25, 2013

1004260

Ryan Timothy Ponder

Columbia

MO

Mortgage Research Center, LLC

November 25, 2013

9810

Vanessa Lynn Gargana

Fairport

NY

Home Town Funding, Inc d/b/a CNB Mortgage Company

November 25, 2013

252290

Lidia M. Moreano

Paterson

NJ

OneMain Financial, Inc.

November 25, 2013

951701

Kevin Michael Neville

Livonia

MI

One Reverse Mortgage, LLC