Inside this Issue: 2019 Mortgage License/Registration Renewal …

Georgia Department of Banking & Finance ~ Non-Depository Financial Institutions Division

Monthly Summary of Mortgage Activities for the Period Ending October 2018

Inside this Issue:

Mortgage Call 2 Report Reminder

Georgia Mortgage 2 Loan Originator License Application

**Jurisdiction Document Upload in

NMLS**

Georgia Renewal 3 Checklist

Clarification Verification of Lawful Presence

in the U.S. Affidavit

Fine Summary 3 Information

Electronic Surety 3 Bonds

Upcoming 2018 3 Holidays--DBF Offices Closed

Appendices:

? Mortgage Company

Activity by License Status

? Mortgage Loan

Originator Activity by License Status

2019 Mortgage License/Registration Renewal Timeline

The 2019 license renewal process has begun! Please refer to the September 2018 Monthly Mortgage Summary for more detailed information on streamlined mortgage renewals.

CE Deadline Renewal Period Begins

October 31 November 1

Renewal Period Ends December 1

Late Renewal Begins December 2

Late Renewal Ends

December 31

Expiration

January 1

MLOs

NMLS opens renewal functionality.

Last day to renew without being subject to a Late Renewal Fine.

Late Renewal Fines may be assessed.

NMLS closes renewal functionality. No renewal requests can be submitted after December 31.

Licensees and Registrants that failed to request renewal by December 31 are considered to be expired by operation of law.

Georgia License Renewal Fees

Mortgage Broker/Processor License/Registration $400 annual renewal license fee

Mortgage Lender License/Registration

$900 annual renewal license fee

Mortgage Branch Approval Mortgage Loan Originator

n/a $100 annual renewal license fee

These fees must be paid electronically through NMLS upon submission of the license renewal request. Requests must be submitted by December 1, 2018, for a timely renewal.

Renewal requests submitted on or after December 2nd will be considered late and may be subject to an additional $300 (Company Licensees and Registrations) or $100 (MLO) late renewal fine that will be invoiced through NMLS. The above fees do not reflect NMLS processing fees.

Page 2

October 2018

Mortgage Call Report Reminder

This is a reminder that the Mortgage Call Report ("MCR") required by O.C.G.A. ? 7-1-1004.1 is due within 45 days of the end of every calendar quarter. Third quarter data (July 1 ? September 30, 2018) must be filed through the NMLSR by November 14, 2018.

A company that fails to file a quarterly MCR prior to the deadline will be assessed a fine and may subject their Georgia license to revocation. Failure to file a timely MCR will also delay the processing of your renewal application.

For more information about the requirements surrounding the MCR, please refer to the NMLSR website at:

Georgia Mortgage Loan Originator License Application **Jurisdiction Document Upload in NMLS**

Earlier this year, the Department released new checklists on the NMLS Resource Center for the Georgia Mortgage Loan Originator License. In conjunction with the release of the new checklists, a new jurisdictional document titled GA Verification of Lawful Presence Affidavit & Consent Instructions and Form was released.

As indicated in the revised checklist, applicants should upload the 2-page form, excluding instructions and privacy rights, in NMLS under the Document Type Legal Name/Status Documentation in the Document Uploads section.

We are continuing to see instances where applicants are uploading the jurisdiction document incorrectly under Document Type--Verification of Experience. Applicants should be aware that the Verification of Experience Document Type is not one that the Department receives notification for since it is not a Georgia-required Document Type. Documents uploaded to the wrong Document Type in NMLS may result in the Department not being notified when the required jurisdiction document is received in NMLS.

Please visit the NMLS Resource Center for our most current checklists and jurisdictional forms. When making any change to your NMLS record, please consult the appropriate Amendment checklist.

Documents Uploaded Prior to License Request

The Department has recently observed that some applicants are uploading their jurisdiction document in NMLS prior to submitting their MLO license request to Georgia.

Please note that this practice may result in the Department not being notified that the document has been uploaded, which may result in a license item/deficiency being placed in NMLS or may delay the processing of the application.

COMMONLY USED ACRONYMS

CE -- Continuing Education Department -- Georgia Department of Banking and Finance ESB -- Electronic Surety Bond GRMA -- Georgia Residential Mortgage Act

MCR -- Mortgage Call Report MLO -- Mortgage Loan Originator NMLS -- Nationwide Multistate Licensing System O.C.G.A. -- Official Code of Georgia Annotated

October 2018

Page 3

Georgia Renewal Checklist Clarification - Verification of Lawful Presence in the U.S. Affidavit

It has come to the Department's attention that some licensees are submitting Verification of Lawful Presence in the U.S. Affidavits even though they are not required to do so as part of the 2019 renewal process.

As indicated in the Department's 2019 Renewal Checklist, a license item has been placed in NMLS on the Mortgage Loan Originator's license record, or on the company's license record in the case of a Mortgage company license, if completion and submission of a Verification of Lawful Presence Affidavit Reverify form is required.

Unless there is a license item titled Renewal Affidavit on the licensee's record, no affidavit should be submitted as part of the renewal process.

Fine Summary Information

FINE REASON

Advertising Background Checks Books & Records Change in Management Doing Business w/Unlicensed Entity Failure to Perform Background Check Failure to Report Violations/Discharges GRMA Fees Paid Late Unapproved Branch

COUNT

6 10

2 1 1 2 1 1 1 TOTAL 25

ELECTRONIC SURETY BONDS (ESB)

This is a reminder to all existing licensees who have an ESB in NMLS that all changes to the bond MUST be made using the ESB functionality in NMLS. This includes notices of cancellation, riders, new bonds delivered, etc.

If the Department receives a paper bond cancellation notice but the ESB is still effective in NMLS, the Department will consider the licensee's bond coverage as still in effect up and until such time as a Notice of Bond Cancellation is received through NMLS.

UPCOMING 2018 HOLIDAYS -- DBF OFFICES CLOSED

This is a reminder that the Department will be closed on Thursday, November 22nd for Thanksgiving Day, and Friday, November 23rd.

Page 4

Georgia Department of Banking and Finance

2990 Brandywine Road Suite 200

Atlanta, Georgia 30341-5565

Phone: (770) 986-1269 Fax: (770) 986-1029 or 1655

Email: dbfmort@dbf.state.ga.us

Visit us on the Web: dbf.

October 2018

The Department is the state agency that regulates and examines Georgia statechartered banks, state-chartered credit unions, and state-chartered trust companies. The Department also has responsibility for the supervision, regulation, and examination of Merchant Acquirer Limited Purpose Banks (MALPBs) chartered in Georgia.

In addition, the Department has regulatory and/or licensing authority over mortgage brokers, lenders, processors, mortgage loan originators, check cashers, sellersissuers of payment instruments, money transmitters, international banking organizations, and bank holding companies conducting business in Georgia.

Our Mission is to promote safe, sound, competitive financial services in Georgia through innovative, responsive regulation and supervision.

Our Vision is to be a willing and able partner with our regulated entities in order to support vibrant economic growth and prosperity in Georgia.

Subscribe to this Publication

This monthly publication highlights topics and activities pertaining to the Department's regulation of state-licensed or registered mortgage brokers, lenders and loan originators. Notification is delivered to interested parties via e-mail. Licensee primary contacts are automatically subscribed to receive Department publications appropriate to their particular industry.

If you would like to be added to our distribution list, please go to our homepage (dbf.) and look for the Stay Connected e-mail subscription box. This will take you to our new subscription service provided by GovDelivery (also known as Granicus). Notifications regarding subscriptions will originate from Department of Banking and Finance GADBF@.

MORTGAGE COMPANY APPENDIX

License Status Approved Denied Revoked

Terminated ? Expired

Terminated ? Ordered to Surrender Terminated ? Surrendered/Cancelled

Definition

The entity has an Approved license.

The entity applied for a license and the reques t was Denied.

The entity's licens e was Revoked and the entity is no longer authorized to conduct business. The entity failed to renew or a bond cancellation went into effect. Alternatively, this license status is also used for MLOs that were s uspended by adm inistrative action for failing to meet Georgia's sponsorship requirement. An entity has been ordered to s urrender their approved licens e. The entity is not authorized to conduct business. The entity has reques ted a s urrender/cancelation of their license and the regulator has granted this surrender/ cancelation request.

MORTGAGE COMPANY ACTIVITY BY CURRENT LICENSE STATUS

GRMA# NMLS#

Company Name

Date

License Name

City

Approved

61978 643114 62463 1491401

Atlantic Coast Mortgage, LLC Lendello LLC

63157 63301 63439

125182 138075 1777669

Platinum Mortgage Inc. KWIK MORTGAGE CORPORATION The MoeJoe Group, LLC

63511 63514 63608

37405 1339418 1779889

Hunt Mortgage Corporation OneMain Financial Group, LLC Residential Funding Consultants, LLC

63845 1782449 Mortgage Star Lending, LLC

Terminated - Surrendered/Cancelled

20342 3147

Allen Mortgage, LLC

24172 203192 Kevin Daniel Little

39107 45095 45423

1078748 129777 1212765

LongVue Mortgage Capital, Inc. Integrity First Financial Group, Inc. Responsible Life, Inc.

45618 1284800 Helenbrook, Scott

47382 1078751 Express Lending Group, LLC

47887 1301039 Ellington Financial REIT Lending Corp.

10/15/2018 10/03/2018 10/02/2018 10/02/2018 10/02/2018 10/03/2018 10/02/2018 10/01/2018

10/02/2018

GA Mortgage Lender License/Registration

GA Mortgage Broker/Processor License/Registration GA Mortgage Lender License/Registration

GA Mortgage Lender License/Registration

GA Mortgage Broker/Processor License/Registration GA Mortgage Lender License/Registration

GA Mortgage Lender License/Registration

GA Mortgage Broker/Processor License/Registration GA Mortgage Broker/Processor License/Registration

Fairfax Fayetteville Staten Island Parsippany Marietta Lancaster Baltimore Marietta

Gainesville

10/26/2018 10/01/2018 10/25/2018 10/30/2018 10/31/2018 10/30/2018 10/23/2018 10/30/2018

GA Mortgage Lender License/Registration

GA Mortgage Broker/Processor License/Registration

GA Mortgage Lender License/Registration

GA Mortgage Lender License/Registration

GA Mortgage Broker/Processor License/Registration

GA Mortgage Broker/Processor License/Registration

GA Mortgage Broker/Processor License/Registration

GA Mortgage Lender License/Registration

Colorado City Loganville Newport Beach San Diego Bokeelia Marietta Orem Old Greenwich

State

9

VA NC NY NJ GA NY MD GA GA

8

AZ GA CA CA FL GA UT CT

Mortgage Company Appendix 1 of 1

MORTGAGE LOAN ORIGINATOR APPENDIX

License Status Approved Denied Revoked

Terminated ? Expired

Terminated ? Ordered to Surrender Terminated ? Surrendered/Cancelled

Definition

The entity has an Approved license.

The entity applied for a license and the reques t was Denied. The entity's licens e was Revoked and the entity is no longer authorized to conduct business. The entity failed to renew. Alternatively, this license s tatus is als o used for MLOs that were s us pended by adm inis trative action for failing to m eet Georgia's sponsorship requirement. An entity has been ordered to s urrender their approved licens e. The entity is not authorized to conduct business. The entity has requested a surrender/cancelation of their license and the regulator has granted this surrender/ cancelation request.

MLO ACTIVITY BY CURRENT LICENSE STATUS

GRMA# NMLS#

Entity Name

Approved

25745 28011 28127 28811 29816 33032 36921 37456 38060 39955 40136 41739 44232 45058 48479 48517 50161 56978 62003 62969 62970 63040 63305

206230 21386 22942 279576 320890 266012 902628 461900 270006 1053864 1035200 657452 11653 256592 1226387 1365517 1461248 1467825 193248 1667952 1752466 14137 1751864

Paula Marie Samples Timothy Scott Munsell Jason B Zulauf Cherl Ann Greene Nicholas Adam Williamson Christopher Allan Channell Seth Poles Leon Elliott Bailey Jeffrey Porter Andrew Jessee Buckner Timothy Michael Wolven Justin L Harvey Nishith Rantideo Parikh Nicholas Joseph Roussel Ryan Russell Nolin Sho Yoshimura Daniel Lee McAteer Alan Blake Anderson Jonathan S Coy Vance Rogers Joaquin Louis Thompson Sr Anthony Salvatore Focca III Ryan Matthew Calo

License Status

Date

Current Sponsoring Company Name (As of 10/31/2018)

136

10/02/2018 North Georgia Lending, Inc. 10/09/2018 Specialized Loan Servicing LLC 10/03/2018 , LLC 10/01/2018 , LLC 10/01/2018 , LLC 10/09/2018 Draper and Kramer Mortgage Corp. 10/11/2018 Quicken Loans Inc. 10/09/2018 Fairway Independent Mortgage Corporation 10/09/2018 Impac Mortgage Corp. 10/10/2018 , LLC 10/03/2018 , LLC 10/01/2018 Movement Mortgage, LLC 10/09/2018 KWIK MORTGAGE CORPORATION 10/09/2018 R M K Financial Corp. 10/01/2018 Movement Mortgage, LLC 10/05/2018 Nationstar Mortgage LLC 10/11/2018 Cardinal Financial Company, Limited Partnership 10/03/2018 , LLC 10/15/2018 Atlantic Coast Mortgage, LLC 10/09/2018 American Financing Corporation 10/02/2018 Platinum Mortgage Inc. 10/02/2018 Platinum Mortgage Inc. 10/04/2018 Quicken Loans Inc.

MLO Appendix 1 of 8

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