Monthly mortgage summary, Apr. 2011

Monthly Mortgage Summary

Georgia Department of Banking & Finance ~ Non-Depository Financial Institutions Division
Monthly SumMmonatrhylyoSfuMmmoratrgyaogfeMoArcttgiavgietiAecstivfoitrietshfoer PtheeriPoedrioEdndEnindigngAApprriill 22000171

Inside this Issue:
Continuing Education 2 Requirements for Mortgage Loan Originators and Mortgage Brokers (continued)
Department License / 2 Registration Certificates
Mortgage Call Report 2 Frequently Asked Questions
Administrative 3 Actions
License Denials 4
Licenses Revoked, 5 Expired, Withdrawn
Fine Information 6
Licenses Approved 6 or Reinstated
Customer Service 11 Stars
Contact Information 12

Continuing Education Requirements for Mortgage Loan Originators and Mortgage Brokers
Mortgage loan originators and mortgage brokers are required by state law and Department rules to demonstrate that they have obtained 8 hours of continuing education to renew their licenses for 2012.
Continuing education obtained by mortgage loan originators and mortgage brokers for license renewal must be:
taken for the required number of hours in the following areas of study: 3 hours in federal law and regulations: 2 hours in ethics, which shall include instruction on fraud, consumer protection and fair lending issues; 2 hours in training related to lending standards for the nontraditional loan product marketplace; and 1 hour in coursework that covers changes made to the Georgia Residential Mortgage Act, O.C.G.A. 7-1-1000, and its corresponding regulations.
approved by the Nationwide Mortgage Licensing System and Registry ("NMLSR") and offered by an authorized person or entity;
taken in a classroom setting or on-line; and acquired during the period of January 1, 2011, through October 31, 2011.
Mortgage brokers and mortgage loan originators approved for licensure that obtained their pre-licensing education in 2011 do not have to obtain continuing education for the 2012 renewal of their licenses in 2011.
Mortgage brokers that are also licensed as mortgage loan originators are only required to obtain 8 of the continuing education hours in the areas designated above.
The penalties for non-compliance with continuing education requirements are substantial. Mortgage loan originators and mortgage brokers that do not obtain all of the required continuing education hours by October 31, 2011, will be subjected to a $1,000.00 fine. They also run the risk that their licenses will expire and not be renewed.
(Continued on page 2)

"Safeguarding Georgia's Financial Services"

Page 2

April 2011

Continuing Education Requirements for Mortgage Loan Originators and Mortgage Brokers (continued)
(Continued from page 1)
To find out when and where necessary course work will be offered to satisfy Georgia's continuing education requirements, mortgage licensees should visit the NMLSR website at http://mortgage.nationwidelicensingsystem.org/profreq/education/Pages/default.aspx.

Department License / Registration Certificates
Once a mortgage broker, lender, processor or originator application has been approved by the Department, a password is assigned and an e-mail message is sent to the new licensee / registrant with instructions on how to print the Georgia license or registration certificate. This login information is sent to the e-mail address provided through NMLSR for the loan originator or company primary contact.
The Department has received numerous phone calls and e-mails from loan originators and some companies stating they have lost their login information and therefore cannot print their Georgia license or registration certificates. While the Department understands that passwords are sometimes misplaced and that a licensee or registrant's personnel may change, please take care to keep a copy of the login information. In addition to this information being used for printing the license or registration certificate, it is also needed for paying exam fees and/or fines online through the Department's secure website.
The Department is currently working on a "Forgot My Password" solution that will allow licensees / registrants to retrieve their passwords via an online request. Further information will be provided as it becomes available.

Mortgage Call Report Frequently Asked Questions
On May 2, 2011, the Mortgage Call Report ("MCR") was officially launched on the NMLSR. State-licensed mortgage companies must file a quarterly Mortgage Call Report by May 15th that will identify their loan officers along with origination data.
A list of MCR Frequently Asked Questions ("FAQs") is provided on the NMLSR website at: http://publish.nationwidelicensingsystem.org/slr/common/mcr/Pages/MCRFAQ.aspx
Additional suggestions for the FAQs can be emailed to NMLSMCR@csbs.org. As noted at the bottom of the FAQs page, not all emails will receive an individual response; however, FAQs and resources will be updated to address common questions received.

April 2011

Page 3

ADMINISTRATIVE ACTIONS
Cease and Desist Orders Which Became Final
1M, LLC, Miami Beach, FL - Order to Cease and Desist issued 03/23/2011 became final 04/26/2011.
2-Banking One Funding, LLC, Miami Beach, FL - Order to Cease and Desist issued 03/23/2011 became
final 04/26/2011.
4-Traders Trust, LLC, Miami Beach, FL - Order to Cease and Desist issued 03/23/2011 became final
04/26/2011.
6-Misproperties, LLC, Miami Beach, FL - Order to Cease and Desist issued 03/23/2011 became final
04/26/2011.
7-Bay Traders, LLC, Miami Beach, FL - Order to Cease and Desist issued 03/23/2011 became final
04/26/2011.
8-Bay Traders Trust, LLC, Miami Beach, FL - Order to Cease and Desist issued 03/23/2011 became final
04/26/2011.
15-HELOCS Financing, LLC, Miami Beach, FL - Order to Cease and Desist issued 03/23/2011 became final
04/26/2011.
16-Asset Management Holdings, LLC, Miami Beach, FL - Order to Cease and Desist issued 03/23/2011
became final 04/26/2011.
18-HELOCS Financing, LLC, Miami Beach, FL - Order to Cease and Desist issued 03/23/2011 became final
04/26/2011.
Assets Recovery 23, LLC, Miami Beach, FL - Order to Cease and Desist issued 03/23/2011 became final
04/26/2011.
GEORGIA HOME TRUSTEES, LLC DBA GEORGIA HOUSE TRUST DBA WW.GAHOUSETRUST, Atlanta, GA -
Order to Cease and Desist issued 03/18/2011 became final 04/20/2011.
MIA Funding, LLC, Miami Beach, FL - Order to Cease and Desist issued 03/23/2011 became final
04/26/2011.
Mortgage Now, Inc., Brooklyn Heights, OH - Order to Cease and Desist issued 02/24/2011 became final
04/29/2011.
Spires, Jackie, Martinez, GA - Order to Cease and Desist issued 03/18/2011 became final 04/06/2011.
Spires, James, Martinez, GA - Order to Cease and Desist issued 03/18/2011 became final 04/06/2011.

Page 4

April 2011

ADMINISTRATIVE ACTIONS

Final Consent Orders
BDK Mortgage & Investments, Inc., Martinez, GA (license# 11800) - Consent Order issued 04/06/2011
became final 04/06/2011.
Mead, Patricia Jones, Martinez, GA (license# 26364) - Consent Order issued 04/06/2011 became final
04/06/2011.
Spires, Jackie H., Martinez, GA (license# 25420) - Consent Order issued 04/06/2011 became final
04/06/2011.
Spires, James, Martinez, GA - Consent Order issued 04/06/2011 became final 04/06/2011.

License Denials

MORTGAGE LOAN ORIGINATOR APPLICATIONS DENIED IN APRIL 2011

IDNUM NMLS# 26981 208954 28636 155935 28876 151400 30505 269973 31152 389246 31280 201989 31383 350982 31478 351030 31571 376085 31648 385669

CODE NAME OD Diana Vesga OD CELESTE YVONNE GRUBBS OD Robert Kennedy Allen OD Jeffrey Howard Keen OD Gwendolyn D Shelton OD Parnell Alexander Peace OD Jennifer Lynne Bettilyon OD Nicolas Anthony Gaudino OD Kristopher David Harris OD Erica Dianne Whipple

CITY Norcross Lawrenceville Conyers Santa Ana Kennesaw Miramar Westland Ferndale Walled Lake Chandler

ST

DENIED

GA 04/27/2011

GA 04/29/2011

GA 04/27/2011

CA 04/27/2011

GA 04/28/2011

FL 04/28/2011

MI 04/28/2011

MI 04/28/2011

MI 04/28/2011

AZ 04/28/2011

TOTAL: 10

April 2011

Page 5

LICENSEES/REGISTRANTS REVOKED OR WITHDRAWN IN APRIL 2011

GRMA# NMLS# CODE NAME 11800 166983 BD BDK Mortgage & Investments, Inc. 25420 167043 OD Jackie H Spires 26824 213784 OD Theron Lamont Barbour 26850 167693 OD Anatoli Dudko 30129 340185 OD Matthew Nathan Murphy 5727 60443 LD Citizens Fidelity Mortgage Corp 16052 1207 LD First Residential Mortgage Network, Inc. 25205 201306 OD Marie McLarty Wallace 26899 222112 OD Audrey Armstrong 30419 332914 OD Brian Lee Miesner 25004 253336 OD Earnest LeMarr Johnson 7115 4169 LD Allied Home Mortgage Capital Corporation 14458 2942 LD Coastal Funding Group 25144 217971 OD Peter William Thomsen 28873 176551 OD Keith Anthony Webster 19452 138454 BD Wyatt Mortgage, Inc. 23460 3525 LD Paramount Lending, Inc. 23875 2149 LD NetMore America, Inc. 29625 9140 OD William Daniel Fulkerson 17433 104421 LD Just Mortgage Inc. 27918 181993 OD Lawrence Joseph Carzon 28033 32907 OD Michael Perino 28521 31731 OD David Juan 29958 30424 OD Kimberly Dawn Buszek 30970 312650 OD Matthew Christian Pastula 15301 121759 LD Oxford Capital, LLC 20071 2633 LD First Meridian Mortgage Corporation 20870 13828 LD AMtec Funding Group, LLC 7360 138473 LD Piedmont Mortgage Corporation 17997 133519 LD Hometown Equity Mortgage of St. Louis, Inc. 28425 32874 OD Erin Ann Galan 29649 260808 OD Angela Lynn Roothoff 31097 324017 OD Cameron Daniel Williams

CITY

ST

MARTINEZ

GA

Martinez

GA

Alpharetta

GA

Johns Creek

GA

Athens

GA

MARIETTA

GA

New York

NY

Cumming

GA

Cumming

GA

Kansas City

MO

Kennesaw

GA

HOUSTON

TX

CHARLOTTE

NC

Marietta

GA

Roswell

GA

DUBLIN

GA

CHARLOTTE

NC

WALLA WALLA

WA

Evansville

IN

Rancho Cucamonga CA

Howell

MI

Canton

MI

Royal Oak

MI

Flat Rock

MI

Livonia

MI

ATLANTA

GA

TAMPA

FL

COSTA MESA

CA

ATLANTA

GA

CREVE COEUR

MO

Swartz Creek

MI

Herriman

UT

Canton

MI

REVOKED 04/06/2011 04/06/2011 04/27/2011 04/27/2011 04/27/2011

WITHDRAWN
04/04/2011 04/04/2011 04/04/2011 04/04/2011 04/04/2011 04/05/2011 04/11/2011 04/12/2011 04/12/2011 04/14/2011 04/15/2011 04/19/2011 04/19/2011 04/19/2011 04/26/2011 04/26/2011 04/26/2011 04/26/2011 04/26/2011 04/26/2011 04/28/2011 04/28/2011 04/28/2011 04/29/2011 04/29/2011 04/29/2011 04/29/2011 04/29/2011

TOTAL: 33

HOLIDAY OBSERVANCE--OFFICE CLOSING
This is a reminder that the Department will be closed on Monday, May 30th for the Memorial Day holiday.

Page 6

April 2011

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

FINE REASON
1 Licensee fined for Acquisition of 25% ownership w/o approval

1 Licensee fined for Change in Management

MORTGAGE BROKER, LENDER AND PROCESSOR LICENSEES/REGISTRANTS APPROVED OR REINSTATED IN APRIL 2011

GRMA# NMLS# CODE NAME

CITY

ST

18222 161340 B Gary L. Garrett

ATHENS

GA

31656 2239

B TJC Mortgage, Inc.

BIRMINGHAM AL

30855 135776 L AmeriHome Mortgage Corporation FLINT

MI

32141 284608 L TruHome Solutions, LLC

LENEXA

KS

ORIGINAL APPROVAL 04/04/2003 04/01/2011 04/22/2011 04/29/2011

REINSTATED 04/08/2011

TOTAL: 4

April 2011

Page 7

Page 8

April 2011

April 2011

Page 9

Page 10

April 2011

April 2011

Page 11

CUSTOMER SERVICE STARS FOR THE MONTH OF AUGUST

It is the Department's goal to provide excellent customer service by meeting and exceeding the expectations of our customers. Along those lines, we would like to recognize the following individuals for going above and beyond in serving our customers:
Supervisory Managers Janet Anderson and Larry Shelley as well as the Mortgage Licensing staff The Department received comments from several customers stating: "We have always received outstanding, personalized service whenever dealing with Janet Anderson and her staff." and "Ms. Janet Anderson and Mr. Larry Shelley are always polite, responsive and knowledgeable and willing to help when I have a question." and "Each time I have called or emailed, each of the staff I have had communication with have always been very helpful, congenial and patient. This past year has been very trying on everyone involved; the staff in the Mortgage Licensing Division has gone the extra mile to make this transition as easy as possible."

CONGRATULATIONS AND GREAT JOB TO THIS MONTH'S CUSTOMER SERVICE STARS!!

Page 12
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
We're on the Web! dbf.georgia.gov

April 2011
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.