Skip to Content

New York State Department of Financial Services

Weekly Banking Bulletin

October 24, 2014

SECTION I

This section records the receipt of banking-related applications and notices to 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 ISSUED BY THE DEPARTMENT.

SECTION II

This section records actions taken by the Superintendent of Financial Services, and other information concerning banking-related activities 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 below 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

BKBankMBMortgage Banker
BPBudget PlannerBRMortgage Broker
CCCheck CasherMLSMortgage Servicer
CUCredit UnionPFPremium Finance Agency
FAForeign AgencyPBPrivate Banker
FBForeign BranchSDSafe Deposit Company
FRForeign Representative OfficeSFSales Finance Agency
HCHolding CompanySLSavings and Loan Association
ICInvestment CompanySBSavings Bank
LLLicensed LenderTMTransmitter of Money
MKMerchant BankTRTrust Company
MIMiscellaneous

Regulatory Unit Codes

CRBCommunity and Regional Banks
CSDConsumer Services
FWBForeign and Wholesale Banks
LFSLicensed Financial Services
MBDMortgage Banking

SECTION I

October 20, 2014 (CC-LFS)
257 SHERIDAN BLVD. CORP., D/B/A INWOOD SERVICES, U/A/N BALDWIN EXPRESS
1747 Grand Avenue, Baldwin, NY 11510 

Applications were received for a limited station casher of checks at the following locations:

  1. Edco Supply Corp., 327 36th Street, Brooklyn, NY 11232;
  2. FedEx Ground, 300 Maspeth Avenue, Brooklyn, NY 11211;
  3. Kiss Products, Inc., 57 Seaview Blvd., Port Washington, NY 11050;
  4. Grand Hyatt New York, 109 East 42nd Street, New York, NY 10017;
  5. Harris Water Main & Sewer Contractors Corp., 2600 Atlantic Avenue, Brooklyn, NY 11207;
  6. DHL, JFK International Airport, Building 89, Jamaica, NY 11430.

The publication of receipt of these applications does not indicate that the applications are 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 public response is to be given within ten business days, by October 7, 2014.


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

October 21, 2014 (MB-MBD)
Full Service Branch
Rushmore Loan Management Services LLC
1755 Wittington Place, Suite #400, Dallas, TX 75234

October 21, 2014 (MB-MBD)
Full Service Branch
Nationstar Mortgage LLC D/B/A Champion Mortgage Company
2501 S. Highway 121 Bus, Suite #100, Lewisville, TX 75067

October 22, 2014 (MB-MBD)
Full Service Branch
Carrington Mortgage Services, LLC
931 Jefferson Boulevard, Suite #1002, Warwick, RI 02886

October 22, 2014 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation
219-47 Jamaica Avenue, 1st Floor, Queens Village, NY 11428

October 22, 2014 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation
100 Carleton Avenue, Suite #7A, Central Islip, NY 11722

October 22, 2014 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation
11 Century Hill Avenue, Latham, NY 12110

October 22, 2014 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation
374 Court Street, Brooklyn, NY 11231

October 22, 2014 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation
76 Medford Avenue, Suite A, Patchogue, NY 11772

October 22, 2014 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation
2900 Westchester Avenue, Suite #104, Purchase, NY 10577

October 22, 2014 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation
825 Merrick Road, Copiague, NY 11726

October 22, 2014 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation
1191 Forest Avenue, Staten Island, NY 10310

October 22, 2014 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation
1645 Palm Beach Lakes Boulevard, Suite #420, West Palm Beach, FL 33401


Mortgage Banker License Name Change Received:

October 22, 2014 (MB-MBD)
From: Freedom Mortgage Corporation
To: Freedom Mortgage Corporation D/B/A CHL Mortgage


Mortgage Loan Servicer Name Change received:

October 22, 2014 (MLS-MBD)
From: FNF Servicing, Inc.
To:  LoanCare, LLC


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:

October 22, 2014 (BR-MBD)
Applicant(s)
Robert Charles Jacobsen
To acquire interest in:
Copiague Funding Corp. D/B/A South Shore Mortgage Company
155 South 10th Street, Lindenhurst, NY 11757 4505


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 11, 2014

374473

Tuan Van Nguyen

Santa Ana, CA

August 22, 2014

966639

Romuald Solages

East Elmhurst, NY

August 25, 2014

1097047

Timothy Demond Fulton II

Detroit, MI

August 28, 2014

1203522

Erica Lynn Nashar

Ferndale, MI

September 3, 2014

850727

Hirsch Ungar

Spring Valley, NY

September 4, 2014

598829

Terrick Golding

Springfield Gardens, NY

September 5, 2014

143818

John L White Jr

Medford, NJ

September 5, 2014

1189481

Alexander Sivokho

New York, NY

September 9, 2014

1189205

Suzanne Douglas

Port Washington, NY

September 9, 2014

1166622

Michael Dante DeLuca

Garden City, NY

September 10, 2014

968659

Brett Thomas Potenta

Hoboken, NJ

September 10, 2014

73184

Justin Bonura

Parsippany, NJ

September 24, 2014

221673

David B Pearson

Olathe, KS


SECTION II

September 16, 2014 (CC-LFS)
CEBCO CHECK CASHER CORP.
369 Palmetto Street, Brooklyn, NY 11237

Effective September 16, 2014, license to engage in business as casher of checks was surrendered for the following limited station locations:

  • Beth Israel Medical Center, First Avenue at 16th Street, New York, NY 10003
  • Association for the Advancement of Blind & Retarded Inc., 15-08 College Point Boulevard, College Point, New York 11356
  • Beth Israel Medical Center, 3201 Kings Highway, Brooklyn, NY 11234
  • Continuum Health Partners, Inc., 160 Water Street, New York, NY 10038
  • French Connection Group Inc., 184-02 Jamaica Avenue, Hollis, New York 11423
  • Roosevelt Hospital Center, 1000 Tenth Avenue, New York, NY 10019
  • St. Luke's Hospital Center, 1111 Amsterdam Avenue, New York, NY 10025

October 8, 2014 (TR-CRB)
ESL TRUST SERVICES, LLC
225 Chestnut Street, Rochester, NY  14604

Articles of Organization filed for examination.

ORGANIZERS:

David L. Fiedler, Rochester, NY
Leucio Iacobelli, Spencerport, NY
Mary Alice Liotta, Hamlin, NY
Faheem A. Masood, Fairport, NY
Arline L. Bayó Santiago, Pittsford, NY


October 15, 2014 (PF-LFS)
IPFS CORPORATION U/A/N PREMIUM FINANCING SPECIALISTS U/A/N IMPERIAL CREDIT
1055 Broadway, 11th Floor, Kansas City, MO 64105

License rider issued to reflect a branch change of location from 2777 Allen Parkway, Suite 1130, Houston, Texas 77019 to 2777 Allen Parkway, Suite 550, Houston, Texas 77019.


October 16, 2014 (BP-LFS)
GREENPATH, INC. D/B/A  GREENPATH DEBT SOLUTIONS
36500 Corporate Drive
Farmington Hills, Oakland County, MI 48331

A license was approved to operate a budget planner branch office at the following locations:

  1. 300 Adams Street, Jacksonville, Duval County, FL 32202
  2. 800 Roosevelt Road, Bldg. A, Suite 21, Glen Ellyn, Dupage County, IL 60137

October 16, 2014 (CB-CRB)
PATHFINDER BANK
214 West First Street, Oswego, NY 13126

“Certificate of Amendment of the Organization Certificate of Pathfinder Bank under Section 8005 of the Banking Law” was approved and filed in the Office of the Superintendent of Financial Services.

The amendment provides for amendment to establish and maintain a liquidation account for the benefit of its deposit account holders as of March 31, 2013 and June 30, 2014; and to amend the language in Section 8 of the Organization Certificate to prohibit any person or entity other than the Pathfinder Bancorp, Inc. from acquiring beneficial ownership of 10% or more of the Bank for a period of three years following the conversion.


October 17, 2014 (SF-LFS)
GINORMOUS AUTO CREDIT, LLC
224 West Main Street, Suite B, PO Box 233, Goshen, Orange County, NY 10924

A license was issued to engage in business as a sales finance company.


October 21, 2014 (BK-CRB)
ALMA BANK
28-31 31st Street, Astoria, NY 11102

Authorization Certificate issued January 30, 2013, granting permission to open and occupy a branch office at 822 Port Washington Boulevard, Port Washington, Town of North Hempstead, Nassau County, New York 11050, surrendered for cancellation.

This office was never operational.


October 22, 2014 (MI-CRB)
PEOPLES BANK
4831 West 6th Street, Lawrence, KS 66049

Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office to be located at 201 Edward Curry Lane (Suite 205), Borough of Staten Island, City of New York 10314.


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

October 22, 2014 (MB-MBD)
Full Service Branch
New Penn Financial, LLC D/B/A Rate30
Shellpoint Mortgage Servicing
11020 David Taylor Drive, Suite #415, Charlotte, NC 28262


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

October 17, 2014 (MLS-MBD)
Applicant(s)
William G. Roehrenbeck
Steven R. Plaisance
Lynne H. Spinks
Phillip O. Porter
Jim C. Walton
Karla S. Payne
Kenneth K. Sabin
James R. Kelly
Arvest Holdings, Inc.
Arvest Bank
Arvest Bank Group, Inc.
As: Central Mortgage Company
801 John Barrow Road, Suite 1, Little Rock, AR 72205


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

October 21, 2014 (BR-MBD)
Hope Funding Group, Inc.
624 East Jericho Turnpike, Huntington, NY 11746 7317
Effective Date: October 20, 2014


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

October 17, 2014 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
2424 Route 52, Unit 2-C, Hopewell Junction, NY 12533
Effective Date: October 16, 2014

October 17, 2014 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
40A Newtown Lane, East Hampton, NY 10960
Effective Date: October 16, 2014

October 17, 2014 (MB-MBD)
Full Service Branch
Mortgage Enterprise, Ltd.
10 New King Street, Suite 101, White Plains, NY 10604
Effective Date: October 03, 2014

October 17, 2014 (MB-MBD)
Full Service Branch
Mortgage Enterprise, Ltd.
92-11 Roosevelt Avenue, 2nd Floor, Jackson Heights, NY 11372
Effective Date: October 15, 2014


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

October 22, 2014 (BR-MBD)
First Capital Funding Inc.
1119 Nostrand Avenue, Brooklyn, NY 11225


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

October 21, 2014 (BR-MBD)
The Manchester Company, Inc.
483 New York Avenue, Huntington, NY 11743 3441
Effective Date: October 17, 2014


Mortgage Broker Certificate Name Changes:

October 22, 2014 (BR-MBD)
From: DML Mortgage Enterprises, Inc. DBA Direct Mortgage Wholesale
To: DML Mortgage Enterprises, Inc.


Mortgage Banker License Name Changes:

October 22, 2014 (MB-MBD)
From: Freedom Mortgage Corporation d/b/a Jefferson Home Mortgage and Loan
To: Freedom Mortgage Corporation


Mortgage Broker Certificate Address Changes:

October 21, 2014 (BR-MBD)
Price Financial Services, LLC
From: 400 East Lancaster Avenue, Suite 1, Wayne, PA 19087
To: 126 West Lancaster Avenue, Wayne, PA 19087

October 22, 2014 (BR-MBD)
MDE Funding, LLC In Lieu of True Name MDE Home Loans, LLC
From: 26 Ayers Lane, Little Silver, NJ 07739
To: 766 Shrewsbury Avenue, East Building, Suite 204, Tinton Falls, NJ 07724 3001


Mortgage Banker License Address Changes:

October 22, 2014 (MB-MBD)
Continental Home Loans Inc. D/B/A Senior Home Loans
From: 175 Pinelawn Road, Suite 400, Melville, NY 11747
To: 175 Pinelawn Road, Suite 303, Melville, NY 11747


Mortgage Banker Branch License Address Changes:

October 20, 2014 (MB-MBD)
Carrington Mortgage Services, LLC
From: 5100 Bigelow Commons, Enfield, CT 06082
To: 80 Lamberton Road, Suite #20, Windsor, CT 06095

October 21, 2014 (MB-MBD)
Intercontinental Capital Group, Inc.
From: 3 Huntington Quadrangle, Suite 106S, Melville, NY 11747
To: 100 Biddle Avenue, Suite 200, Newark, DE 19702

October 22, 2014 (MB-MBD)
Continental Home Loans Inc. D/B/A Senior Home Loans
From: 175 Pinelawn Road, Suite 303, Melville, NY 11747
To: 175 Pinelawn Road, Suite 400, Melville, NY 11747


Mortgage Loan Servicer Certificate Address Change:

October 21, 2014 (MLS-MBD)
Quantum Servicing Corporation
From: 6302 E. Martin Luther King Boulevard, Suite 300, Tampa, FL  33619
To:  6302 E. Martin Luther King Boulevard, Suite 310, Tampa, FL  33619


The following Registered Mortgage Loan Servicer has entered into a Settlement Agreement with the Department, in lieu of a hearing for fine or revocation of its mortgage loan servicer registration to settle violation of Article 12-D Section 590(2)(b-1) of the New York Banking Law for servicing mortgage loans in New York State  without first being registered with the Superintendent.  The Settlement Agreement terms and conditions include a fine of $75,000.00.

October 17, 2014 (MLS-MBD)
Central Mortgage Company
801 John Barrow Rd., Suite 1, Little Rock, AR 72205


Applications for licensing as a Mortgage Loan Originator under Article 12-E of the New York Banking Law, WITHDRAWN.  The individuals listed may not engage in mortgage loan origination activity in New York State or on New York State residential property:

Date Application Withdrawn

NMLS ID

Name of Applicant

City & State of Residence

October 14, 2014

955123

David  Mccorison

White Plains

NY

October 14, 2014

98575

Thomas W. Harriman

Virginia Beach

VA

October 22, 2014

1185438

Kevin William Mccann

Columbia

MD

October 22, 2014

186727

Steven Alan Krasnoff

Roswell

GA

October 22, 2014

12105

Kenneth John Ryan Sr.

Rehoboth

MA

October 22, 2014

460183

Scott H Finger

Long Beach

NY

October 22, 2014

771094

Toniann  Santana

Staten Island

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

October 16, 2014

986804

Caroline  Younit

Aurora

CO

Urban Fulfillment Services, LLC

October 17, 2014

256649

David Keith Halford

Fullerton

CA

Discover Home Loans, Inc.

October 17, 2014

1117255

Meghan Elizabeth Ebrat

Northville

MI

Quicken Loans Inc.

October 17, 2014

1159679

James Bertrial Carroll III

Detroit

MI

Quicken Loans Inc.


 

Link to DFS Portal

About DFS

Contact DFS

Reports & Publications

Licensing

Laws and Regs

Connect With DFS

DFS Facebook page

Follow NYDFS on Twitter