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Banking Division
Weekly Bulletin

February 21, 2014

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

February 18, 2014 (TM-LFS)
TOUCHPAY HOLDINGS, LLC
7801 Mesquite Bend Drive, Suite 101, Irving, TX 75063

Application for a license to engage in business as a transmitter of money, 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.


February 18, 2014 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Application dated February 13, 2014, for permission to open and occupy a branch office at 15190 Frederick Road, Rockville, Montgomery County, MD 20850, received.


February 20, 2014 (MI-CRB)
HAMLIN BANK AND TRUST COMPANY
333 West Main Street, Smethport, PA 16749

Application dated February 18, 2014, for permission to open and occupy a branch office at 2102 West State Street, Olean, Cattaraugus County, NY 14760, received.


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

February 18, 2014 (MB-MBD)
Full Service Branch
MCS Mortgage Bankers, Inc. DBA Wholesale Direct
150 Great Neck Road, Suite 102, Great Neck, NY 11021


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

From:
February 05, 2014 (MB-MBD)
Full Service Branch
loanDepot.com, LLC
5250 Virginia Way, Suite 110, Brentwood, TN 37027

To:
February 05, 2014 (MB-MBD)
Full Service Branch
loanDepot.com, LLC
Corporate Centre Six, 830 Crescent Centre Drive, Suite 500, Franklin, TN 37067

From:
February 05, 2014 (MB-MBD)
Full Service Branch
Mortgage Enterprise, Ltd.
39 Old Country Road, Suite 200-201, Carle Place, NY 11514

To:
February 05, 2014 (MB-MBD)
Full Service Branch
Mortgage Enterprise, Ltd.
393 Old Country Road, Suite 200-201, Carle Place, NY 11514


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

July 19, 2013

471504

Nathan A Zurek

Buffalo

NY

August 3, 2013

1083628

Brian James Provost

Churchville

NY

August 22, 2013

136697

Jacob William Randolph Jones

Nashville

TN

October 2, 2013

1028176

Ben  Lavender

Great

NY

October 11, 2013

905729

Daniel Hyun Kim

Mckinney

TX

October 18, 2013

92587

Michael  Boyle

Knightdale

NC

October 24, 2013

1104962

Jennifer Ann Michiko Pitts

Frisco

TX

October 24, 2013

930308

Dameon Damon Harrell

Dallas

TX

October 29, 2013

176887

Alysse Nicole Miller

Atlanta

GA

November 18, 2013

68131

Carey Sue Kopcik

Syracuse

NY

November 19, 2013

1116131

Scott W Cooper

Woodside

NY

December 9, 2013

133919

David Frederick Gesin

Williamstown

NJ

December 18, 2013

33276

Donald Louis Latka

Mt. Laurel

NJ

December 20, 2013

1094040

Joseph Patrick Murphy

Muncie

IN

December 24, 2013

1133961

Vrishank Sanjay Jaiswal

Arlington

TX

December 24, 2013

1133996

Jessica Ruth Munoz

Euless

TX

December 24, 2013

1134057

Kevin Andrew Van Daalen

Allen

TX

December 26, 2013

1137386

Leonid  Fidman

Staten Island

NY

December 30, 2013

1064947

Robert Jared Wilson

Carrollton

TX

December 30, 2013

1133950

Robyn Marie Butorac

Irving

TX

December 30, 2013

1134092

Marc Anthony Cheatham

Dallas

TX

December 30, 2013

1135091

Karen Elaine Byrd

Allen

TX

December 30, 2013

324239

Daniel Lee Patterson

Dallas

TX

January 13, 2014

173714

Fabian  Roman

Freeport

NY

January 15, 2014

1134008

Brad Detorriaus Thompson

Plano

TX

January 15, 2014

956277

Ashley Tinei De-Soza

Irving

TX

January 17, 2014

22873

Norma  Lowenbraun

Brooklyn

NY

January 21, 2014

144273

Anthony John Ciullo

Whippany

NJ

January 22, 2014

1087571

Bradley James Watkins

Ypsilanti

MI

January 22, 2014

1117394

Robert David Leroy

Clinton Twp.

MI

January 22, 2014

35056

Thomas  Weber

New York

NY

January 22, 2014

1127066

Patrick John Bernardelli

Dearborn

MI

January 22, 2014

1127299

Kevin Daniel Gillam

Clawson

MI

January 22, 2014

905185

Eric Thomas Yancey

Germantown

MD

January 23, 2014

1119115

Kevin Singh Kalra

Plano

TX

January 23, 2014

1023954

Brandon Edward Wescott

Clarkston

MI

January 23, 2014

1077078

Eric Robert Lozen

Clinton Township

MI

January 23, 2014

866709

Donald Martin Sozio

Huntersville

NC

January 24, 2014

581623

Helda  Saad-Soueid

Dearborn Heights

MI

January 24, 2014

194956

Brent Strater Jeffries

Prospect

KY

January 27, 2014

1117252

Latifah Malaika Shavon Donald

Pontiac

MI

January 27, 2014

1127339

Joseph George Jammoua

Royal Oak

MI


SECTION II

February 3, 2014 (SF-LFS)
I.V.O.L DISCOUNT I, CORP.
1231 Hempstead Turnpike, Elmont, Nassau County, NY 11003

No objection issued to the notification of a change of branch location from 102-09 Metropolitan Ave., 2nd Floor, Forest Hills, Queens County, NY 11375 to 1231 Hempstead Turnpike, Elmont, Nassau County, NY 11003.


February 19, 2014 (PB-FWB)
BROWN BROTHERS HARRIMAN & CO.
140 Broadway, New York, NY 10005

Authorization to transact the business of Private Bankers issued, effective February 19, 2014.

GENERAL PARTNERS/CLASS 1 LIMITED PARTNERS

Thomas E. Berk                                               Michael W. McConnell
Brian A. Berris                                                 Jeffrey B. Meskin
Taylor S. Bodman                                           John P. Molner
John J. Borland                                                Donald B. Murphy
Timothy J. Connelly                                        Yukinori Nagahisa
Geoffrey M. Cook                                           John A. Nielsen
Carl S. Cutler                                                   Sean Pairceir
Douglas A. Donahue, Jr.                                 Christopher C. Remondi
Dario Galindo                                                  A. Heaton Robertson III
Kathryn C. George                                          William E. Rosensweig
Kristen F. Giarrusso                                        Jeffrey A. Schoenfeld
Timothy E. Hartch                                          Kevin W. Stone
Kyosuke Hashimoto                                       W. Carter Sullivan III
Charles O. Izard                                              Andrew J. F. Tucker
Jared S. Keyes                                                 Lawrence C. Tucker
Radford W. Klotz                                            William B. Tyree
Susan C. Livingston                                        Maroa C. Velez
T. Michael Long                                              William J. Whelan, Jr.
Hampton S. Lynch, Jr.                                    Richard H. Witmer, Jr.

               CLASS 2 LIMITED PARTNERS

Walter H. Brown                                             Ronald J. Hill
Anthony T. Enders                                          Landon Hilliard
Alexander T. Ercklentz                                   Jeffrey R. Holland
Terrence M. Farley                                         Michael Kraynak, Jr.
John A. Gehret                                                Douglas L. Maine                                                          
Elbridge T. Gerry, Jr.                                      Eugene C. Rainis

Permanent capital: $410,000,000.

(These Private Bankers are already under the supervision of the Department.  New Certificate issued by reason of the conversion of Landon Hilliard and Jeffrey R. Holland from General Partners/Class 1 Limited Partners to Class 2 Limited Partners.)


February 19, 2014 (TR-CRB)
TOMPKINS TRUST COMPANY
110 North Tioga Street, Ithaca, NY 14850

Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office at 140 Seneca Way, Ithaca, Tompkins County, NY 14850.


February 19, 2014 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office to be located at The Burdett Building, 251 River Street, Troy, Rensselaer County, NY 12180.


February 19, 2014 (PB-FWB)
BROWN BROTHERS HARRIMAN & CO.
140 Broadway, New York, NY 10005

Certificate of Authorization issued January 16, 2014, to transact the business of Private Bankers revoked, effective February 19, 2014.


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

February 14, 2014 (MB-MBD)
1st 2nd Mortgage Company of N.J,., Inc.
50 Spring Street, Cresskill, NJ 07626


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

February 19, 2014 (MLS-MBD)
Servis One, Inc., D/B/A  BSI Financial Services
1425 Greenway Drive, Suite 400, Irving, TX 75038


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

February 19, 2014 (BR-MBD)
Full Service Branch
The Funding Store LLC
48 Wall Street, Suite 1100, Office 55, New York, NY 10005


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

February 19, 2014 (MB-MBD)
Full Service Branch
Cliffco, Inc. DBA Cliffco Mortgage Bankers
Additional DBA(S): Forward/Reverse Funding
106-06 Jamaica Avenue, 1st Floor, Richmond Hill, NY 11418

February 19, 2014 (MB-MBD)
Full Service Branch
NJ Lenders Corp. d/b/a Home Owners Mortgage Express
Additional DBA(S): Coastal Lenders
Silver Bay Lending
21 Franklin Turnpike, Suite 2117(C5), Mahwah, NJ 07430

February 19, 2014 (MB-MBD)
Full Service Branch
loanDepot.com, LLC
5465 Legacy Drive, Suite 400, Plano, TX 75024

February 19, 2014 (MB-MBD)
Full Service Branch
Vanguard Funding LLC
2795 Richmond Avenue, Suite 200, Staten Island, NY 10303

February 19, 2014 (MB-MBD)
Full Service Branch
NJ Lenders Corp. d/b/a Home Owners Mortgage Express
Additional DBA(S): Coastal Lenders
Silver Bay Lending
39 Avenue at the Commons, Suite 101, Shrewsbury, NJ 07702

February 19, 2014 (MB-MBD)
Full Service Branch
Mortgage Enterprise, Ltd.
393 Old Country Road, Suite 200-201, Carle Place, NY 11514

February 19, 2014 (MB-MBD)
Full Service Branch
loanDepot.com, LLC
Corporate Centre Six, 830 Crescent Centre Dr., Ste. 500, Franklin, TN 37067


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

February 19, 2014 (MLS-MBD)
Full Service Branch
Servis One, Inc., D/B/A  BSI Financial Services
11350 McCormick Road, Suite 903, Hunt Valley, MD 21031

February 19, 2014 (MLS-MBD)
Full Service Branch
Servis One, Inc., D/B/A BSI Financial Services
314 S. Franklin Street, Titusville, PA 16354

February 19, 2014 (MLS-MBD)
Full Service Branch
Servis One, Inc., D/B/A BSI Financial Services
7500 Old Georgetown Road, Suite 1350, Bethesda, MD 20814

February 19, 2014 (MLS-MBD)
Full Service Branch
Servis One, Inc., D/B/A BSI Financial Services
3655 Nobel Drive, Suite 650, San Diego, CA 92122


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

February 18, 2014 (MB-MBD)
Guaranteed Home Mortgage Company Inc.
108 Corporate Park Drive, Suite 301, White Plains, NY 10604 3822
Effective Date: February 07, 2014


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

February 19, 2014 (BR-MBD)
Mega Services Corp.
1202 Route 9 South, Howell, NJ 07731

February 19, 2014 (BR-MBD)
G.C. Brokerage Corp.
110-01 Jamaica Avenue, Richmond Hill, NY 11418

February 19, 2014 (BR-MBD)
P.A. Dominguez, Inc. DBA First Network Mortgage Company
72 Belvedere Drive, Yonkers, NY 10705


Mortgage Broker Certificate Address Changes:

February 19, 2014 (BR-MBD)
Accurate Capital Corp.
From: 21 Walt Whitman Road, Suite B, Huntington Station, NY 11746
To: 1174 St. Johnland Road, Kings Park, NY 11754 3219

February 19, 2014 (BR-MBD)
Fairfield Services M, LLC D/B/A Fairfield Mortgage Company
From: 66 Commack Road, Commack, NY 11725
To: 538 Broadhollow Road, Third Floor East, Melville, NY 11747

February 19, 2014 (BR-MBD)
Embassy Funding LLC
From: 210 Summit Avenue, Suite A-15a, Montvale, NJ 07645
To: 145 Main Street, 2nd Floor, Nyack, NY 10960 3013


Mortgage Banker Branch License Address Changes:

February 19, 2014 (MB-MBD)
NJ Lenders Corp. d/b/a
Home Owners Mortgage Express
Additional DBA(S): Coastal Lenders
Silver Bay Lending
From: 100 Paragon Drive, Suite 260, Montvale, NJ 07645
To: 102 Chestnut Ridge Road, Suite 200, Montvale, NJ 07645

February 19, 2014 (MB-MBD)
United Mortgage Corp. UAN NY Finest Funding
Additional DBA(S): United Global Group
From: 490 Wheeler Road, Suite 185, Hauppauge, NY 11788
To: 700 Veterans Memorial Highway, Suite 120, Hauppauge, NY 11788


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 1301(a) of the New York Business Corporation Law.  The Registrant conducted mortgage activities in connection with properties located in New York during the period when its authority to conduct business in New York was terminated.  Furthermore, the Registrant failed to notify the Department of the termination of its corporate authority in New York in violation of Supervisory Procedure MB 102.1(c)(1). The Settlement Agreement terms and conditions include a fine of $5,000.  
 
February 14, 2014 (BR-MBD)
Sistar Mortgage Company In Lieu of True Name SI Mortgage Company, Inc
51650 Oro Road, Shelby Township, MI 48315


The following registered mortgage loan servicer has entered into a Settlement Agreement with the Department in lieu of a hearing for a fine or revocation of its mortgage loan servicer registration, to settle the violations of Section 590(2)(b-1) of the New York Banking Law and 3 NYCRR Section 418.14.  The Registrant conducted mortgage loan servicing business in the state without first being registered with the Superintendent as a mortgage loan servicer in accordance with the registration requirements. The Settlement Agreement terms and conditions include a fine of $30,000.  

February 14, 2014 (MLS-MBD)
Servis One, Inc. DBA BSI Financial Services
1425 Greenway Drive, Suite 400, Irving, TX 75038


The following registered mortgage loan servicer has entered into a Settlement Agreement with the Department in lieu of a hearing for a fine or revocation of its mortgage loan servicer registration, to settle the violations of Section 590(2)(b-1) of the New York Banking Law and 3 NYCRR Section 418.14.  The Registrant conducted mortgage loan servicing business in the state without first being registered with the Superintendent as a mortgage loan servicer in accordance with the registration requirements. The Settlement Agreement terms and conditions include a fine of $47,000.  

February 13, 2014 (MLS-MBD)
Reverse Mortgage Solutions, Inc.
2727 Spring Creek Drive, Spring, TX 77373


The following registered mortgage loan servicer has entered into a Settlement Agreement with the Department in lieu of a hearing for a fine or revocation of its mortgage loan servicer registration, to settle the violations of Section 590(2)(b-1) of the New York Banking Law and 3 NYCRR Section 418.14.  The Registrant conducted mortgage loan servicing business in the state without first being registered with the Superintendent as a mortgage loan servicer in accordance with the registration requirements. The Settlement Agreement terms and conditions include a fine of $50,000. 

October 30, 2013 (MLS-MBD)
Resurgent Capital Services, L.P.
55 Beattie Place, Suite 300 MS 425, Greenville, SC 29601


The following application published in Weekly Bulletin dated 12/20/2013 is amended to read as follows:

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

September 13, 2013

179760

Erica Wetherall

Maspeth

NY


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

December 29, 2011

493382

Timothy William Long

Detroit

MI

One Reverse Mortgage, LLC

January 22, 2013

60081

Karen Ann Bishop

New York

NY

Luxury Mortgage Corp.

February 14, 2014

331653

Frederic  Abitbol

Los Angeles

CA

U.V.S. INC.

February 14, 2014

148576

William Owen Heffernan

Stevenson

MD

First Home Mortgage Corporation

February 18, 2014

240110

Courtney A Leonard

Mahwah

NJ

Prospect Mortgage, LLC