Weekly Banking Bulletin

April 12, 2024

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 email to [email protected].

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:

SECTION I

April 12, 2024 (LP-RID)
BITGO NEW YORK TRUST COMPANY LLC
1270 Avenue of the Americas, New York, NY 10020

Application dated March 27, 2024, pursuant to Supervisory Procedure G 105 for relocation of the principal office located at 1270 Avenue of the Americas, Manhattan, New York 10020 to 40 Wall Street, 17th Floor, New York, NY 10005, received. The relocation has taken place on November 28, 2023.

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

April 9, 2024 (MB-MBD)
Full Service Branch
CMG Mortgage, Inc.
4712 Oleander Drive, Myrtle Beach, SC 29577

Mortgage Broker Certificate Name Change Received:
 

April 9, 2024 (BR-MBD)
From: Coltrain Funding Group LLC  D/B/A Senior Solutions Network
To: Coltrain Funding Group LLC  D/B/A Senior Solutions Network
Coltrain Mortgage

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.

SECTION II

March 22, 2024 (SF-LFS)
ARISS AUTO LENDING LLC
220 Brookville Rd. Glen Head, Nassau County, NY 11545

License to engage in business as a sales finance company was surrendered effective March 15, 2023.

April 9, 2024 (TR-FWB)
THE BANK OF NEW YORK MELLON
240 Greenwich Street, New York, New York 10286

Applicant notified by the Superintendent of Financial Services that, pursuant to the provisions of Section 105-b of the Banking Law, no objection will be interposed to the establishment of a trust office at One Pershing Plaza, Jersey City, Hudson County, New Jersey 07302.  (This trust office will replace the office at 385 Rifle Camp Road, Woodland Park, Passaic County, New Jersey 07424.)

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

April 9, 2024 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
2295 NW Corporate Blvd., Suite 117, Office 1, Boca Raton, FL 33431

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

April 5, 2024 (MB-MBD)
Paragon Home Loans Inc.
225 Greenfield Pkwy, Suite 207, Liverpool, NY 13088
Effective Date: March 1, 2024

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

April 5, 2024 (BR-MBD)
Fidelcap Corp.   D/B/A Fidelity Capital
1385 Boston Post Road, 1st Floor, Suite #3, Larchmont, NY 10538-3954
Effective Date: March 12, 2024

April 5, 2024 (BR-MBD)
Fortis Mortgage Advisors LLC
3600 136th Place SE, Suite 270A, Bellevue, WA 98006
Effective Date: March 8, 2024

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

April 9, 2024 (MB-MBD)
NewRez LLC
4250 Veterans Memorial Highway, Suite 170 East, Holbrook, NY 11741
Effective Date: April 4, 2024

April 9, 2024 (MB-MBD)
NewRez LLC
43 South Main Street, Suite 8, Newton, CT 06470
Effective Date: April 9, 2024

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

April 10, 2024 (BR-MBD)
Fairway Funding Corp
1073 Main Street, Suite 215, Fishkill, NY 12524
Effective Date: March 6, 2019

Mortgage Banker Branch License Address Changes:

April 9, 2024 (MB-MBD)
CMG Mortgage, Inc.
From: 433 Hackensack Avenue 5th Floor, Hackensack, NJ 07601
To: 80 E State Rt 4, Suite 380, Paramus, NJ 07652

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

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: