NYSDFS: Banking Division - Weekly Bulletin 3/23/2018

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New York State Department of Financial Services

Weekly Banking Bulletin

March 23, 2018

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.

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

BKBankMBMortgage Banker
BPBudget PlannerBRMortgage Broker
CCCheck Casher MS Mortgage 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 VC Virtual Currency

Regulatory Unit Codes

CM Capital Markets
CRBCommunity and Regional Banks
CEU Consumer Examination Unit
FWBForeign and Wholesale Banks
LFSLicensed Financial Services
MBDMortgage Banking

SECTION I

March 19, 2018 (SB-CRB)
NORTHEAST COMMUNITY BANK
325 Hamilton Avenue, White Plains, NY 10601

Application dated March 15, 2018, for permission to open and occupy a branch office at 1 Freeland Street, Monroe, Orange County, New York 10950, received.

March 20, 2018 (MI-CRB)
CATHAY BANK
777 North Broadway Street, Los Angeles, CA 90012

Notice of intention to close branch office at 135-34 Roosevelt Avenue, Flushing, Borough of Queens, City of New York 11354, received.

The comment period on this notice will expire April 23, 2018.

March 20, 2018 (TM-LFS)
TKC HOLDINGS, INC.
1260 Andes Blvd., St. Louis, MO 63132

Application received for a change of control of Keefe Commissary Network, LLC located at 10880 Linpage Place, St. Louis, MO 63132.

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.

March 21, 2018 (TR-CMD)
DEUTSCHE AM TRUST COMPANY
345 Park Avenue, New York, NY 10154

Pursuant to the provisions of Section 131(4) of the Banking Law, notice to the Superintendent of Financial Services of intention to establish and maintain a trust office at 345 Park Avenue, New York, NY 10154, received.

March 21, 2018 (BK-CRB)
CATSKILL HUDSON BANK
4438 Route 42 North, Thompson, New York 12701

Notice of intention to close branch office at 830 Main Street, Arlington, Town of Poughkeepsie, Dutchess County, New York 12603, received.

The comment period on this notice will expire April 23, 2018.

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

March 20, 2018 (BR-MBD)
Applicant(s)
Suzanne Ellen Okun
As: Your Premier Processor, LLC in lieu of Premier Processing, LLC
770 S. Adams Rd. #104, Birmingham, MI 48009

March 20, 2018 (BR-MBD)
Applicant(s)
Margarita Alexandria Rudnick
As: Atlas Home Funding Inc D/B/A Atlas Home Processing
22 S. Main St, Suite 3, New City, NY 10956

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

March 16, 2018 (MS-MBD)
Applicant(s)
Cynthia Ann Berman
David Charles Sheeler
Freedom Mortgage Corporation
Joel Mondale Davis
Michael Paul Patterson
Richard Francis Jordan
Stanley Craig Middleman
As:  Freedom Loan Services Corporation
907 Pleasant Valley Avenue, Suite 3, Mt. Laurel, NJ 08054

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

March 21, 2018 (MB-MBD)
Full Service Branch
Franklin First Financial, Ltd.
311 Johnnie Dodds Boulevard, Suite 141 and 151, Mt. Pleasant, SC 29464

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

SPONSORING ENTITY

December 26, 2017

1691704

Sarrah Brody

Brooklyn

New York

BSD Funding, LLC

January 30, 2018

1641884

Mark Francis Seidenburg

Philadelphia

Pennsylvania

CrossCountry Mortgage, Inc.

February 4, 2018

418704

Richard James Rondi

West Caldwell

New Jersey

Homebridge Financial Services, Inc.

February 5, 2018

1615109

Joseph Mark Beusterien

Canton

Michigan

Quicken Loans Inc.

February 13, 2018

1006004

Melissa Jill Topping-Kovary

Stony Brook

New York

Nationwide Mortgage Bankers, Inc.

February 13, 2018

68042

Joseph A. Landaverde

Huntington

New York

United Mortgage Corp.

February 13, 2018

1689088

Robert Brian Wolk

Woodbury

New York

Intercontinental Capital Group, Inc.

February 21, 2018

819179

James Allen Fenton

Frisco

Texas

First Guaranty Mortgage Corporation

February 22, 2018

1709554

Elozar Dorfman

New City

New York

Ark Mortgage, Inc.

February 22, 2018

1709553

Avrom Schwimmer

Spring Valley

New York

Ark Mortgage, Inc.

February 26, 2018

128782

Joseph A. Sovare

Vernon

New York

NVR Mortgage Finance, Inc.

March 1, 2018

10149

Thomas Christensen

White Plains

New York

Luxury Mortgage Corp.

March 5, 2018

1074882

Max Erol Ozkural

Cornwall

New York

Superior Mortgage Co., Inc.

March 5, 2018

1702222

Marina Grager

Brooklyn

New York

R & J Capital Group, LLC

March 6, 2018

1686434

Jessica Lauren Chapman

Los Alamitos

California

Nationstar Mortgage LLC

March 6, 2018

1683045

Ajay Pal Singh

Staten Island

New York

Home America Lending Corp.

March 6, 2018

1509572

Ethan Phillip Papaserge

Austin

Texas

Royal United Mortgage, LLC

March 7, 2018

1542086

Jeffrey Patrick Rhoten

Irvine

California

Nationstar Mortgage LLC

March 7, 2018

1420528

Tyler Loyola Mullins

Brea

California

Nationstar Mortgage LLC

March 8, 2018

1586717

Tommy Nguyen

Westminster

California

Nationstar Mortgage LLC

March 8, 2018

1586716

Lisa Michele McClanahan

Long Beach

California

Nationstar Mortgage LLC

March 8, 2018

1692572

Nicole Ann Furukawa

Orlando

Florida

Digital Risk Mortgage Services, LLC

March 8, 2018

368720

Casey Lyn Cahill

New Hartford

Connecticut

Norwich Commercial Group, Inc.

March 10, 2018

1687660

Cody Chontos

Harrison Twp.

Michigan

Quicken Loans Inc.

March 10, 2018

1687557

Michael Fawaz

Dearborn

Michigan

Quicken Loans Inc.

March 12, 2018

1509658

Sarquese Tiara Williams

Wayne

Michigan

One Reverse Mortgage, LLC

March 12, 2018

224745

Theresa Anna Flores

San Antonio

Texas

New Penn Financial, LLC

March 13, 2018

189060

David Gerard Somma

Reisterstown

Maryland

New Penn Financial, LLC

March 13, 2018

404220

Eric Robert Rounds

Montgomery

New York

Guaranteed Rate, Inc.

March 14, 2018

848800

Christopher Jay Hess

Mount Airy

Maryland

New Penn Financial, LLC

March 14, 2018

133559

Steven Francis Hochrein

Perry Hall

Maryland

New Penn Financial, LLC

SECTION II

March 8, 2018 (TM-LFS)
REALPAGE PAYMENTS SERVICES LLC 
2201 Lakeside Blvd, Richardson, TX 75082

Application filed by RealPage Payments Services LLC to engage in doing business as a Money Transmitter located at 2201 Lakeside Blvd, Richardson, TX 75082 was approved effective March 8, 2018.

March 19, 2018 (TR-CRB)
MANUFACTURERS & TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, New York 14203

Approval given to change the location of branch office from 354 Flatbush Avenue, Borough of Brooklyn, City of New York 11238 to 184 Sterling Place, Borough of Brooklyn, City of New York 11217, on or after March 20, 2018. 

March 20, 2018 (TM-LFS)
JN MONEY SERVICES (USA) INC. dba JN INTERNATIONAL MONEY TRANSFER dba JN MONEY
690-700 Utica Avenue, Brooklyn, NY 11203

Application for use of DBAs JN INTERNATIONAL MONEY TRANSFER and JN MONEY was approved effective March 15, 2018.

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

March 20, 2018 (MB-MBD)
Fay Servicing, LLC
440 S. LaSalle Street, Suite 2000, Chicago, IL 60605

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

March 21, 2018 (MB-MBD)
Full Service Branch
Carrington Mortgage Services, LLC
15 Enterprise, Suite 110, Aliso Viejo, CA 92656

March 21, 2018 (MB-MBD)
Full Service Branch
Norwich Commercial Group, Inc.  D/B/A Norcom Mortgage
40 - 42 Main Street, 2nd Floor, Suite 5, Flushing, NY 11354

March 21, 2018 (MB-MBD)
Full Service Branch
CrossCountry Mortgage, Inc.
119 Washington Street, Storefront, South Norwalk, CT 06854

March 21, 2018 (MB-MBD)
Full Service Branch
Homebridge Financial Services, Inc.
5 Marine View Plaza, Suite 500, Hoboken, NJ 07030

March 21, 2018 (MB-MBD)
Full Service Branch
Intercontinental Capital Group, Inc.
265 Broadhollow Road, Suite 401, Melville, NY 11747

March 21, 2018 (MB-MBD)
Full Service Branch
Finance of America Mortgage LLC
33 Witherspoon Street, Suite #2, Princeton, NJ 08542

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

March 19, 2018 (MS-MBD)
Provident Funding Associates, L.P.
11235 SE 6th Street, Suite A-120, Bellevue, WA 98004
Effective Date: March 16, 2018

The following licensed Mortgage Banker has entered into a Settlement Agreement with the Department on March 15, 2018, in lieu of a hearing for a fine or revocation of its mortgage banker license to settle a violation of Section 594-b(1) of the New York Banking Law by failing to receive the prior approval from the Superintendent for a change of control of the mortgage banker.   The Settlement Agreement terms and conditions include a fine of $5,000.

March 21, 2018 (MB-MBD)
Live Well Financial, Inc.
1011 Boulder Springs Drive, Suite 420, Richmond, VA 23225

The following registered Mortgage Broker has entered into a Settlement Agreement with the Department on March 15, 2018, in lieu of a hearing for a fine or revocation of its mortgage broker registration to settle violations of Section 591-a(2) of the New York Banking Law by utilizing unauthorized domain names and websites; and Section 420.18(a)(2) of the Superintendent’s Regulations by failing to monitor and supervise its MLOs’ loan originating activities.  The Settlement Agreement terms and conditions include a fine of $7,500.

March 21, 2018 (BR-MBD)
Arlington Financial Corporation
35 East Grassy Sprain Road, Suite 300, Yonkers, NY 10710

The following Licensed Mortgage Loan Originator (“MLO”) has entered into a Settlement Agreement with the Department on March 15, 2018, in lieu of a hearing for a fine or revocation of his New York MLO license to settle violations of Sections 420.20(a)(3) and 420.20(a)(4) of the Superintendent’s Regulations by mispresenting his license status as a licensed mortgage banker or registered mortgage broker and by misstating his ability to act as a licensed mortgage banker or registered mortgage broker, respectively.  The Settlement Agreement terms and conditions include a fine of $10,000.

March 21, 2018 (MLO-MBD)
Eli B. Weissman
Mortgage Loan Originator

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

CITY

STATE

March 14, 2018

1031662

Dennis Robert Works

Derby

Connecticut

March 14, 2018

1604072

Shawtann Whitson

Ann Arbor

Michigan

March 14, 2018

1639561

Chene Michael Calamita

Roseville

Michigan

March 14, 2018

1662850

Megan Judith Bierschbach

Roseville

Michigan

March 14, 2018

353756

Aaron Swenson

Boynton Beach

Florida

March 14, 2018

957569

Louis Benjamin Brayer

Philadelphia

Pennsylvania

March 15, 2018

1194354

Danielle Lynn Balmes

Harper Woods

Michigan

March 15, 2018

1650417

David Philip-Eduard Holliday

Westland

Michigan

March 15, 2018

1437489

Wyndell Eugene Lyons

Windermere

Florida

March 15, 2018

1436918

Luis A. Cuadros Villalobos

Aliso Viejo

California

March 15, 2018

1589488

Vincent Ralph Graziano

Carrollton

Texas

March 19, 2018

1295940

Anthony Michael Marcotte

Dearborn Heights

Michigan

March 19, 2018

100435

Edward James Fay

Chicago

Illinois

March 19, 2018

1662947

Ryley Austen Grosso

Shelby Township

Michigan

March 20, 2018

1098691

Christina Jo Anne Stegeman

Jefferson City

Missouri

March 20, 2018

1303042

Vincent Terry

Atlanta

Georgia

March 20, 2018

1365188

Yunus M. Yahya

Chino

California

March 20, 2018

1537431

Ivy McKenna Carpenter

Towanda

Pennsylvania

March 20, 2018

1648066

Matthew Allen Culler

Parkville

Maryland

March 20, 2018

1680382

Robert Stephen Perrong

Swedesboro

New Jersey

March 20, 2018

175864

David Scott Matson

Coram

New York

March 20, 2018

52801

Yolene Mondesir Justafort

Wheatley Heights

New York

March 20, 2018

77105

Robert C. Cherico

Harrison

New York

March 20, 2018

787266

James Joseph Zucca

Irvine

California

March 20, 2018

1697268

Jordan Elizabeth Karnes

Columbia

Missouri

March 20, 2018

1659861

Gianni Robert DeFrancesco

Cherry Hill

New Jersey

March 20, 2018

1709580

Jonathan H. Moscou

Wyckoff

New Jersey

March 20, 2018

1684912

Dante Marquis Graham

Glenside

Pennsylvania

March 20, 2018

915067

Fereydoun Michael Paknejad

Allen

Texas

March 20, 2018

969614

Carlos Jermaine Nunley

Irvine

California

March 20, 2018

1576618

Scott Michael Carlin

McKees Rocks

Pennsylvania

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

SPONSORING ENTITY

March 15, 2018

167538

Adam Craig Broder

Freeport

New York

Cliffco, Inc.

March 15, 2018

212252

Marc Halpern

Miami Beach

Florida

Family First Funding LLC

March 15, 2018

291525

Michelle Dinah Kaulback

El Dorado Hills

California

American Advisors Group, Inc.

March 15, 2018

871556

Garrett Lee McCargar

Irvine

California

loanDepot.com, LLC

March 15, 2018

1621694

Chase Robert Davidson

Antioch

Tennessee

loanDepot.com, LLC

 

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