Weekly Banking Bulletin

January 24, 2020

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 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:

Institution Codes

BK Bank MB Mortgage Banker
BP Budget Planner BR Mortgage Broker
CC Check Cashier MS Mortgage Servicer
CU Credit Union PF Premium Finance Agency
FA Foreign Agency PB Private Banker
FB Foreign Branch SB Savings Bank
FR Foreign Representative Office SD Safe Deposit Company
HC Holding Company SF Sale Finance Agency
IC Investment Company SL Savings and Loan Association
LL Licensed Lender SL Student Loans
MK Merchant Bank TM Transmitter of Money
MI Miscellaneous TR Trust Company
VC Virtual Currency    

Regulatory Unit Codes

CM Capital Markets
CRB Community and Regional Banks
CEU Consumer Examination Unit
FWB Foreign and Wholesale Banks
LFS Licensed Financial Services
MBD Mortgage Banking

SECTION I

January 21, 2020 (SF-LFS)
NEFS FUNDING, LLC
999 Waterside Drive, Suite 110, Norfolk, VA 23510

Application received for a license to engage in business as a sales finance company. p>

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.


Mortgage Banker License Name Change Received:
January 16, 2020 (MB-MBD)

From: Rushmore Loan Management Services LLC

To: Rushmore Loan Management Services LLC D/B/A
Rushmore Correspondent Lending Services


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


January 16, 2020 (BR-MBD)
Flatworld Mortgage Solutions LLC
116 Village Blvd, Suite 200, Office 39, Princeton, NJ 08540


 

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 NO. NAME OF APPLICANT CITY STATE
November 6, 2019 1889838 Ali Hekouran Shahin Detroit Michigan
November 12, 2019 1655241 Dustin Daniel Liptak Honesdale Pennsylvania
November 27, 2019 1890713 David J. Levin Great Neck New York
November 27, 2019 1918257 Yisroel Dovid Mesch Lakewood New Jersey
December 4, 2019 481559 Charles Joseph Eafrato Saratoga Springs New York
December 10, 2019 1912040 Boruch Spitzer Toms River New Jersey
December 16, 2019 1916018 Yoel Tzvi Lax Spring Valley New York
December 20, 2019 1883420 Michael William Spagnola Narragansett Rhode Island
December 26, 2019 1922597 David Loketch Toms River New Jersey
January 2, 2020 37380 Francis Arbolente Dompor Clifton New Jersey
January 8, 2020 1686103 Logan Donald Mastain Indianapolis Indiana
January 8, 2020 1797286 Brian Scott Pellettieri East Meadow New York
January 9, 2020 1909334 Roland David Kitsis Brooklyn New York
January 10, 2020 211587 Anthony J. Marinaccio Clarendon Hills Illinois
January 10, 2020 1085072 Eianna Elis Wilson Bronx New York
January 13, 2020 12463 Christopher Ricardo Francis Farmington Connecticut
January 13, 2020 1926170 Nathan Ronald Hyde-Burton Columbia Missouri
January 14, 2020 1035949 Mazda Khorsand Irvine California
January 14, 2020 1920329 Vanessa Anne Venus Manhasset New York
January 15, 2020 1147181 Le Mike Ho Lake Forest California
January 15, 2020 1433137 Paul R. Gertelman Flushing New York
January 16, 2020 603457 Mark Andrew Scholack Belmar New Jersey
January 16, 2020 1438387 Diana Carolina Ospina Middle Village New York
January 16, 2020 1496814 Kendra Jo Lamanna Charlotte North Carolina
January 20, 2020 1508488 Michelle Elise Miele Pine Brook New Jersey

SECTION II

January 17, 2020 (TR-FWB)
BROWN BROTHERS HARRIMAN INSTITUTIONAL TRUST COMPANY OF NEW YORK, LLC.
140 Broadway, New York, NY 10005

Notification received, in accordance with Supervisory Policy G8, of the establishment of a representative office to be located at 150 S. Wacker Drive, (Suite 3250), Chicago, Cook County, Illinois 60606.


January 21, 2020 (CC-LFS)
DAVID’S CHECK CASHING, INC.
3015 Third Avenue, Bronx, New York 10455

Notification to surrender the license to engage in business as a casher of checks for the branch located at 1234 Broadway, New York 11221, was approved effective January 21, 2020.


January 22, 2020 (FB-FWB)
SVENSKA HANDELSBANKEN AB (PUBL)
Kungsträdgårdsgatan 2 SE-106 70 Stockholm, Sweden

Approval given to change the location of branch from 875 Third Avenue, Borough of Manhattan, City of New York 10022 to 900 Third Avenue, Borough of Manhattan, City of New York 10022, on or after January 23, 2020.


January 24, 2020 (BK-CEU)
Popular Bank
85 Broad Street, 10th Floor, New York, NY 10004

Application pursuant to Section 96-d of the Banking Law, for the designation of Community District 16, Borough of Brooklyn, Kings County, New York, as a Banking Development District, was approved by the Superintendent. The co-applicant is the Borough of Brooklyn, City of New York.


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


January 22, 2020 (MB-MBD)
Full Service Branch
Movement Mortgage, LLC
124 Hebron Avenue, Suite 3B-2, Glastonbury, CT 06033

January 22, 2020 (MB-MBD)
Full Service Branch
E Mortgage Management LLC D/B/A Fortren Funding
1000 Sanger Avenue, Suite 310, Oceanport, NJ 07757

January 22, 2020 (MB-MBD)
Full Service Branch
PrimeLending, A PlainsCapital Company
312 Wall Street, Suite 1, Kingston, NY 12401

January 22, 2020 (MB-MBD)
Full Service Branch
Van Dyk Mortgage Corporation
700 Veterans Memorial Highway, Suite CL105, Hauppauge, NY 11788

January 22, 2020 (MB-MBD)
Full Service Branch
Fairway Independent Mortgage Corporation
1873 S. Bellaire St, Suite 850, Denver, CO 80222


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


January 16, 2020 (BR-MBD)
Full Service Branch
Flatworld Mortgage Solutions LLC
135 Camino Dorado, Suite #7, Napa, CA 94558


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

January 22, 2020 (BR-MBD)
A-1 Capital Corp.
6132 Riverdale Avenue, Riverdale, NY 10471
Effective Date: December 6, 2019


Mortgage Broker Certificate Address Changes:

January 22, 2020 (BR-MBD)
Merita Capital Group
From: 104-70 Queens Blvd, Suite 312, Forest Hills, NY 11375
To: 45 Middle Neck Rd, Suite 210, Great Neck, NY 11021


Mortgage Broker Branch Certificate Address Changes:

January 22, 2020 (BR-MBD)
Lightning Funding Inc.
From: 840 Beach Drive NE, St. Petersburg, FL 33701
To: 5301 Gulfport Blvd., Suite 2, Gulfport, FL 33707

 

January 22, 2020 (BR-MBD)
Neighborhood Assistance Corporation of America
From: 1171 North Clinton Avenue, Rochester, NY 14621
To: 550 East Main Street, Floor 1 East, Rochester, NY 14604


The following licensed Mortgage Banker has entered into a Settlement Agreement with the Department on January 17, 2020, in lieu of a hearing for a fine or revocation of its mortgage banker license to settle the violations of Section 591(3) of the New York Banking Law for using an unauthorized domain name and website and Section 301(a)(5)(b) of the New York Corporate Law for unauthorized restricted word usage. The Settlement Agreement terms and conditions include a fine of $5,000.

 

January 17, 2020 (MB-MBD)
Academy Mortgage Corp.
105 Conklin Street, Farmingdale, NY 11735


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

DATE OF APPROVAL NMLS ID NO. NAME OF APPLICANT CITY> STATE SPONSORING ENTITY
January 16, 2020 1740248 Kei Kullberg Newburgh New York Superior Mortgage Co., Inc.
January 21, 2020 84446 David Shamooil Great Neck New York Jet Direct Funding Corp.
January 21, 2020 1299647 Jesse Jon Meyer Amherst >New York Cross State Funding Corp.
January 21, 2020 1655853 Eric Ott Yaphank New York Russell Capital Group LLC
January 21, 2020 1692028 Thomas W. Clifford West Islip New York Homereliance Capital Corp.
January 21, 2020 1737659 Alysa Lee DiMarco Bedford Hills New York State Farm Bank, FSB