Monthly Mortgage Summary Georgia Department of Banking & Finance ~ Non-Depository Financial Institutions Division Monthly SumMmonatrhylyoSfuMmmoratrgyaogfeMoArcttgiavgietiAecstivfiotrietshfoer PtheeriPoedrioEdndEnindigngJuApnreil 22000170 Inside this Issue: ADMINISTRATIVE ITEMS Administrative 2 Actions Fines 4 Licenses Approved 4 and Reinstated Licenses Revoked, 5 Expired, Withdrawn Contact Information 7 Mortgage Loan Originator Licensing Deadline Mortgage loan originators lawfully employed by Georgia mortgage brokers and lenders can continue to conduct business without being licensed until the close of business on July 31, 2010, unless their applications have been denied by the Georgia Department of Banking and Finance ("Department"). All complete applications for mortgage loan originator licenses that were received by the Department prior to the close of business on April 16, 2010, will be reviewed and acted upon prior to July 31, 2010. All complete applications for mortgage loan originator licenses received after April 16, 2010, will be reviewed and acted upon on a first-come, first-serve basis, after all the applications received prior to April 16, 2010, have been processed. Any mortgage loan originator that has not had his or her application acted upon by this Department by close of business July 31, 2010, must cease operating as a mortgage loan originator until the Department has reviewed and acted upon that individual's application. It is requested that mortgage loan originators refrain from calling the Department to ask for status updates regarding licensure. The Department is working very diligently to process thousands of applications that have been filed and must direct the full efforts of its limited staff to executing this function. Thank you for your cooperation in this matter. REMINDER: Contact Information The Department's primary means of communication with mortgage licensees/ registrants and with new applicants is via e-mail; therefore, it is critical that e-mail addresses and other contact information listed on the NMLS remain current and accurate. Each applicant should also be aware that if his or her application is approved, he or she will receive an e-mail from the Department with login instructions for printing the license certificate from the Department's secure website. If your e-mail address is not correct in the NMLS, you will not receive these important instructions. "Safeguarding Georgia's Financial Services" Page 2 ADMINISTRATIVE ACTIONS June 2010 Cease and Desist Orders Which Became Final Adams Processing Services, Inc., Griffin, GA (license# 18746) - Order to Cease and Desist issued 05/25/2010 became final 06/30/2010. Advance Mortgage & Investment Company, Inc. dba AMIC Mortgage Company, Pensacola, FL (license# 22975) - Order to Cease and Desist issued 05/26/2010 became final 06/30/2010. Amerimax Mortgage Corporation dba mygeorgialender, Bethlehem, GA (license# 22418) - Order to Cease and Desist issued 05/26/2010 became final 06/16/2010. ATL Financial, Inc., Mableton, GA (license# 12934) - Order to Cease and Desist issued 05/26/2010 became final 06/30/2010. Atlanta Interest Mortgage and Financial Group, Inc., Atlanta, GA (license# 18602) - Order to Cease and Desist issued 05/27/2010 became final 06/30/2010. The Bradford Group, LLC, Atlanta, GA (license# 21685) - Order to Cease and Desist issued 05/26/2010 became final 06/30/2010. Malcolm Wade Brewer, Hampton, GA (license# 18555) - Order to Cease and Desist issued 05/24/2010 became final 06/26/2010. Galaxy Homes, Inc., Jonesboro, GA (license# 7423) - Order to Cease and Desist issued 05/25/2010 became final 06/30/2010. George Peasant Corporation dba Mortgage Office, The, Atlanta, GA (license# 6170) - Order to Cease and Desist issued 05/25/2010 became final 06/30/2010. Holland Mortgage Corporation, Cartersville, GA (license# 7164) - Order to Cease and Desist issued 05/27/2010 became final 06/30/2010. Howard Financial, LLC, Foristell, MO - Order to Cease and Desist issued 05/03/2010 became final 06/07/2010. INQB8, LLC dba Discount Mortgage Relief dba www.discountmortgagerelief.com, Phoenix, AZ - Order to Cease and Desist issued 05/12/2010 became final 06/15/2010. Jonathon R. McCann, Waycross, GA (license# 23908) - Order to Cease and Desist issued 05/11/2010 became final 06/11/2010. Lisa Kalein McDaniel, Marietta, GA (license# 21470) - Order to Cease and Desist issued 05/03/2010 became final 06/04/2010. Mutyambizi, Fidelis Mitch aka Eidelis Mutyambizi aka Mitch Mutyambizi, Miami, FL - Order to Cease and Desist issued 05/03/2010 became final 06/07/2010. June 2010 Page 3 ADMINISTRATIVE ACTIONS Cease and Desist Orders Which Became Final (continued) Northeast Georgia Mortgage, Inc., Cumming, GA (license# 7139) - Order to Cease and Desist issued 05/24/2010 became final 06/29/2010. Isaac Chadwick Painter, Dalton, GA (license# 18530) - Order to Cease and Desist issued 05/24/2010 became final 06/26/2010. Professional Processing Solutions, Kansas City, MO - Order to Cease and Desist issued 05/03/2010 became final 06/07/2010. Residential Savings Mortgage, Inc., Sunrise, FL (license# 23194) - Order to Cease and Desist issued 05/25/2010 became final 06/30/2010. Eric C. Rose, Cumming, GA (license# 20380) - Order to Cease and Desist issued 05/24/2010 became final 06/26/2010. Mable Ann Sharp, Duluth, GA (license# 23997) - Order to Cease and Desist issued 05/03/2010 became final 06/04/2010. Slocumb, Bobby dba Success Mortgage dba Success Processing dba Success Financial Services, Macon, GA - Order to Cease and Desist issued 05/07/2010 became final 06/15/2010. Snowflakes, LLC, Orlando, FL - Order to Cease and Desist issued 04/28/2010 became final 06/02/2010. Steltmen, Ken, New Albany, OH - Order to Cease and Desist issued 05/11/2010 became final 06/14/2010. Steltmen Group (The), Inc., Reno, NV - Order to Cease and Desist issued 05/07/2010 became final 06/14/2010. E. Christopher Clay Van Meter, Peachtree City, GA (license# 18525) - Order to Cease and Desist issued 05/24/2010 became final 06/26/2010. Xpert Processing, Inc., Boca Raton, FL - Order to Cease and Desist issued 04/28/2010 became final 06/02/2010. Final Consent Orders Cornerstone Lenders, LLC, Cumming, GA (license# 18436) - Consent Order issued 06/21/2010 became final 06/21/2010. eMortgage Group, LLC, Kennesaw, GA (license# 22491) - Consent Order issued 06/22/2010 became final 06/22/2010. Page 4 June 2010 Final Consent Orders (Continued) Hill, Erica R., Kennesaw, GA - Consent Order issued 06/22/2010 became final 06/22/2010. Livingston, Ann E., Cumming, GA - Consent Order issued 06/21/2010 became final 06/21/2010. Pate, James Felton, Cumming, GA - Consent Order issued 06/21/2010 became final 06/21/2010. Pate, John Stephen, Cumming, GA - Consent Order issued 06/21/2010 became final 06/21/2010. Fine Information Information regarding fines assessed against a specific licensee for which there is no pending administrative action, is available on an individual licensee basis by submitting a written request to the following e-mail address: dbfmort@dbf.state.ga.us 1 Licensee fined for Change in Management FINE REASON June 2010 Page 5 Due to the large number of MLO licenses approved during June, a separate document is provided at the following link from the Department's website: http://dbf.georgia.gov/vgn/images/portal/cit_1210/49/18/161042641MLOApprovalsJune2010.pdf Page 6 June 2010 June 2010 Georgia Department of Banking and Finance 2990 Brandywine Road Suite 200 Atlanta, Georgia 30341-5565 Phone: (770) 986-1136 Fax: (770) 986-1029 or 1655 Email: dbfmort@dbf.state.ga.us We're on the Web! dbf.georgia.gov Page 7 The Department is the state agency that regulates and examines banks, credit unions, and trust companies chartered by the State. The Department also has regulatory and/or licensing authority over mortgage brokers/processors, lenders and loan originators, money service businesses, international banking organizations, and bank holding compa- nies 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 the best financial services industry regulator in the country Progressive. Proactive. Service-Oriented. Sign-up to Receive this Publication This publication is delivered to interested parties via email and is also available from the Department's website at: http://dbf.georgia.gov under Publications, Mortgage Summary. If you would like to be added to our distribution list, please send an e-mail to dbfpress@dbf.state.ga.us and indicate your name, e-mail address, and the publication to which you wish to subscribe.