Monthly summary of mortgage activities, Feb. 2002

Monthly Summary of Mortgage Activities
Georgia Department of Banking and Finance
2990 Brandywine Road, Suite 200, Atlanta, GA 30341-5565
FEBRUARY 2002 SUMMARY OF ACTIVITIES - MORTGAGE DIVISION
---------------------------------------------------------------------------------------------------------------------------------------------------**IMPORTANT NOTES**
STAFF CHANGES
Melinda G. Kinard has joined the Mortgage Division as Director of Mortgage Licensing and Administration. Melinda has been with the Department since 1978. She began service with the Department as a bank and information systems examiner in the Albany, Ga field office. She moved to Atlanta in 1983 and worked actively with the Department's information systems. She has served as the Director of Information Systems and Training for the Department before joining the Division.
DISTRIBUTING THE MONTHLY SUMMARY: The Monthly Summary of Mortgage Activities is emailed each month to licensees. The Department requests that all licensees provide the Department a valid email address in order to receive the Monthly Summary each month in a timely manner. For all other licensees, the Monthly Summary is available on the Department's website http://www.state.ga.us/dbf/bulletins.html each month. This delivers the Mortgage Summary to you more rapidly and efficiently. If you have not already provided the Department with your email address, please contact the Mortgage Division at dbfmort@dbf.state.ga.us or at 770-986-1633 if you have any questions.
Licenses issued in Georgia are subject to revocation, withdrawal or suspension. To verify the current status of a license call 770-986-1269 or check our web site at http://www.state.ga.us/dbf/mortgage.html
PER LOAN FEES - "Per loan" fees for the second half of 2001 were due by March 1, 2002. If you hold a Georgia Residential Mortgage Lender license, you were mailed a "per loan" fee reporting form. Please use this form to remit your fees. Regardless of the volume of loans (even "0" loans closed), you should send in the fee report. If you are a licensed mortgage broker or if you are exempt from licensing or registration a copy of the "per loan" fee reporting form can be found on our website or in Rule 80-5-1-.04 (2) issued by this Department. The fine for late filing of your Per Loan Fees is $1,000. These fines will be posted to the delinquent licensees. If you do not close the loan in your name, and your name is not on the security deed - you do not owe any "per loan" fees. Proper payment of these fees will be monitored by our examination team.
The ANNUAL LICENSE RENEWAL process is now underway. Renewal application forms for the fiscal year 2003 mortgage licenses were distributed beginning February 7, 2002. A $300 late fine will be assessed against licensees who fail to return the renewal application form prior to April 1, 2002. As in prior years, all outstanding issues such as fines, fees, stale audits, complaint resolution, etc. must be resolved before your renewal license will be granted. Licensees who do not complete the renewal process by June 30, 2002, will have their licenses expire, and will have to cease operations. If you have not received your renewal application forms, please contact the Department immediately.
AUDITED FINANCIAL STATEMENTS - Lenders and some Brokers have licenses which are dependent upon the filing of current audited financial statements with this office. Those whose audits more than 15 months old may be subjected to fines and/or revocation of their license. It is the RESPONSIBILITY of the licensee, as

professionals licensed to operate in the mortgage industry to insure that these audits are current AT ALL TIMES. Care must be taken to employ a CPA who has time to service your account in a manner so as to protect your license. Requests for an extension will not be granted. License renewals will not be granted for those licensees whose audits are not current. Please keep in mind that the net worth requirements in Georgia are predicated on tangible assets. Assets including but not limited to items such as "goodwill" and accounts "due from" shareholders, affiliated companies, directors or officers will not count as tangible assets.
NOTICE OF NON-COMPLIANCE FOR LICENSE RENEWALS
Any renewal application received by the Department which does not contain all of the required information or documentation will be returned to the applicant for correction.
These notices will be made either by fax, e-mail or by regular U.S.Postal Service mail. The Department will rely on the most recent fax number, e-mail address or mailing address which we have been given by the licensee as to where to send this notice.
If you prefer or require your notice to be sent by U.S.Postal Service mail, please send a a stamped, self addressed envelope in with your renewal application.

LICENSEES/REGISTRANTS REVOKED, EXPIRED, SUSPENDED, WITHDRAWN OR DENIED IN FEBRUARY 2002

ID#
5649 7482 11427 13040 13253 13698 14337 14604 14665 14936 15279 16021 16053 16164 16783 16966

NAME
CHASE MTG CO-WEST ROOMS WITH A VIEW INC ASSOCIATED MTG INC TURLEY, ROBERT L. MOBILE CONSULT INC EXCEL MTG & FINANCE CORP LAGUNA CAP MTG CORP VBH INC LAMONTE, DANNY L BUILDERS MTG GRP INC AMER FIDELITY FINL INC HOME CONSULTANTS INC CTMG OF GA INC ALL SOURCE MORTGAGE DANNY LUCAS INNVISION MTG, INC

CODE
RD BD RD BD BD BD LD BD BD BD BD LD BD BD BD LD

REVOKED EXPIRED SUSPENDED
02/26/2002 02/05/2002 02/25/2002 02/05/2002
07/01/2001

WITHDRAWN
02/11/2002 02/15/2002 02/15/2002 02/20/2002 02/26/2002
02/26/2002
02/19/2002
02/26/2002 02/22/2002 02/26/2002 02/22/2002 02/01/2002

DENIED

TOTAL: 16

FINES ASSESSED IN FEBRUARY 2002

ID#

ISSUE

DATE

FINE REASON

FINE

PAID DATE

COMPANY NAME

CITY

ST

6076 6076

02/26/2002 FEL 02/26/2002 1099

$1000. $ 1,000

Mortgage Group & Investments Co., Inc. (The)

Cumming

GA

Mortgage Group & Investments Co., Inc. (The)

Cumming

GA

6076 6076 6076 6076

02/26/2002 02/26/2002 02/26/2002 02/26/2002

FILE B&R B&R B&R

$1000. $500. $500. $500.

Mortgage Group & Investments Co., Inc. (The)

Cumming

GA

Mortgage Group & Investments Co., Inc. (The)

Cumming

GA

Mortgage Group & Investments Co., Inc. (The)

Cumming

GA

Mortgage Group & Investments Co., Inc. (The)

Cumming

GA

6076 6076 6414 6414

02/26/2002 02/26/2002 02/22/2002 02/22/2002

B&R BR 1013 B&R

$500. $250. $3000. $2000.

Mortgage Group & Investments Co., Inc. (The)

Cumming

GA

Mortgage Group & Investments Co., Inc. (The)

Cumming

GA

Jon Browne & Associates Financial Group, Inc.

Lithonia

GA

Jon Browne & Associates Financial Group, Inc.

Lithonia

GA

6414 11855 11855 12111

02/22/2002 02/07/2002 02/07/2002 02/07/2002

FILE B&R B&R B&R

$6000. $500. $500. $500.

Jon Browne & Associates Financial Group, Inc.

Lithonia

GA

Fidelity Mortgage Lending Services, Inc.

Atlanta

GA

Fidelity Mortgage Lending Services, Inc.

Atlanta

GA

Adrain Appling

Macon

GA

12111 12111 13303 14517

02/07/2002 02/07/2002 02/08/2002 02/22/2002

B&R 1013 B&R FEL

$500. $1000.
$500. $1000.

02/26/2002 02/26/2002 02/15/2002

Adrain Appling Adrain Appling Richard H. Jowers Remodel Atlanta, Inc.

Macon

GA

Macon

GA

Cleveland

GA

Marietta

GA

14517 15060 15060 15060 15255

02/22/2002 02/25/2002 02/25/2002 02/25/2002 02/07/2002

FILE UL B&R BR B&R

$500. $1000.
$500. $250. $500.

02/19/2002

Remodel Atlanta, Inc. Atlanta Mortgage & Realty, Inc. Atlanta Mortgage & Realty, Inc. Atlanta Mortgage & Realty, Inc. American Direct Mortgage, Inc.

Marietta

GA

Lithonia

GA

Lithonia

GA

Lithonia

GA

Marietta

GA

15684 15684 15684 15684

02/22/2002 02/22/2002 02/22/2002 02/22/2002

1099 B&R B&R FILE

$1000. $500. $500. $500.

McKinney Mortgage Group, Inc. McKinney Mortgage Group, Inc. McKinney Mortgage Group, Inc. McKinney Mortgage Group, Inc.

Lithonia

GA

Lithonia

GA

Lithonia

GA

Lithonia

GA

15789 15789 15853 15853

02/19/2002 02/19/2002 02/08/2002 02/08/2002

B&R FILE B&R B&R

$500. $500. $500. $500.

Equity Financial Mortgage, Inc. Equity Financial Mortgage, Inc. Northpoint Home Loans, Inc. Northpoint Home Loans, Inc.

Tucker

GA

Tucker

GA

Atlanta

GA

Atlanta

GA

15853 16092 16092 16099

02/08/2002 02/26/2002 02/26/2002 02/07/2002

B&R UL FILE B&R

$500. $1000.
$500. $500.

Northpoint Home Loans, Inc. Premier Mortgage Funding, Inc. Premier Mortgage Funding, Inc. Tradewind Mortgage, LLC

Atlanta

GA

Norcross

GA

Norcross

GA

Duluth

GA

16099 16213

02/07/2002 B&R 02/14/2002 1099

$500. $1000.

Tradewind Mortgage, LLC True Lending, Inc.

Duluth

GA

Marietta

GA

LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN FEBRUARY 2002

ID# COMPANY NAME

16899 16982 17023 17030 17043 17061 17068 17069 17073 17074 17001 17014 17070 17075 17087 17088 17097 17100 17035 17051 17077 17091 17101 17102 17125 17063 17078 17089 17090 17106 17109 17113 17123 12365 14202

Streamline Financial , Inc. Paraiso, LLC Arnold A. Simpson Myun Kyu Pyo Central Funding, Inc. All American Loan Corporation, Inc Encore Credit Corporation Leonard Willis Atlanta Equity Mortgage, Inc. Myers National Mortgage Company, Inc. United States Mortgage and Finance, LLC Total Mortgage Services, LLC Renee Ryan Preferred Mortgage Corporation Southeastern Mortgage Solutions, Inc. Kelly Ann Kennett Victor James Tuszynski Blayne Algee Endeavor Capital, LLC Family America Mortgage Corp. SunCoast Mortgage, Inc Patio Pros, Inc. City First Mortgage, Inc. George H. Greene Joanna Marcella Jones American Mortgage Network, Inc. Benchmark Funding, Inc. Command Mortgage, LLC GenDu Mortgage Corp. Lenox Pointe Mortgage, Inc. Diane J. Mansolillo Designer Mortgage Services, Inc. Westfork Mortgage and Financial 1st Choice Financial Services, Ltd. Jesse Burchett

CITY

ST

KENNESAW

GA

ATLANTA

GA

MARIETTA

GA

ALPHARETTA

GA

NORCROSS

GA

ACWORTH

GA

IRVINE

CA

MACON

GA

DUNWOODY

GA

OVERLAND PARK KS

ATLANTA

GA

MILFORD

CT

CARTERSVILLE

GA

STONE MOUNTAIN GA

ATLANTA

GA

DULUTH

GA

WARNER ROBINS GA

STONE MOUNTAIN GA

ATLANTA

GA

COCONUT GROVE FL

POOLER

GA

ATLANTA

GA

ALPHARETTA

GA

ATLANTA

GA

ATLANTA

GA

WASHINGTON

DC

MARIETTA

GA

BAINBRIDGE

GA

ATLANTA

GA

ATLANTA

GA

SUWANEE

GA

CUMMINGS

GA

LITHIA SPRINGS

GA

TAMPA

FL

MARIETTA

GA

MB CODE
B B B B B B L B B B B B B B B B B B L B B B B B B L L B B B B B B B B

ORIGINAL APPROVAL
02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/08/2002 02/08/2002 02/08/2002 02/08/2002 02/08/2002 02/08/2002 02/08/2002 02/08/2002 02/15/2002 02/15/2002 02/15/2002 02/15/2002 02/15/2002 02/15/2002 02/15/2002 02/22/2002 02/22/2002 02/22/2002 02/22/2002 02/22/2002 02/22/2002 02/22/2002 02/22/2002 04/18/1997 04/16/1999

RENEWAL
02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/01/2002 02/08/2002 02/08/2002 02/08/2002 02/08/2002 02/08/2002 02/08/2002 02/08/2002 02/08/2002 02/15/2002 02/15/2002 02/15/2002 02/15/2002 02/15/2002 02/15/2002 02/15/2002 02/22/2002 02/22/2002 02/22/2002 02/22/2002 02/22/2002 02/22/2002 02/22/2002 02/22/2002 02/01/2002 02/22/2002

REINSTATED
02/01/2002 02/22/2002

TOTAL: 35

B = BROKER L = LENDER R = REGISTRANT

+ Downgrade Lender to Broker * Upgrade Broker to Lender