Home Consultants, Inc. d/b/a HCI Mortgage and Richard A. Harsche have entered into a final Consent Agreement and Order for violations of the Mortgage Act. The company’s license is revoked and Mr. Harsche is prohibited from engaging in the business of a mortgage lender, broker or correspondent for life and from engaging in the business of a mortgage originator for seven years.
12/22/09
The Department has issued a final Order to prohibit Francis R. Conti from working in the mortgage business in Pennsylvania.
12/22/09
The Department has issued a final Order to prohibit Keith A. Rice from working in the mortgage loan business in Pennsylvania.
12/22/09
B & B Automotive, Inc. has entered into a final Consent Agreement and Order and will pay a fine for engaging in the business of an installment seller when it was not licensed to do so.
12/22/09
Chrylser Financial Services Americas, LLC (“Chrysler Financial”) has entered into a final Consent Agreement and Order and will pay a fine for failing to notify the Department of its change of address.
12/22/09
Mortgage Access Center, LLC has entered into a final Consent Agreement and Order and will pay a fine for failing to provide a requested policy to the Department.
12/18/09
Mason Dixon Funding, Inc. has entered into a final Consent Agreement and Order and will pay a fine for originating mortgage loans from an unlicensed branch location.
12/16/09
Colonial Mortgage Service Company of America has entered into a final Consent Agreement and Order and will pay a fine for advertising and offering mortgage loans which did not require it to verify and document the applicants’ ability to repay.
12/11/09
Mortgage Master, Inc. has entered into a final Consent Agreement and Order and will pay a fine for originating mortgage loans from unlicensed locations.
12/8/09
The Department has issued a final Order to prohibit Philip Anthony Simonetta from working in the mortgage business in Pennsylvania.
12/3/09
The Department has issued a final Order against Ideal Mortgage Bankers, Ltd. d/b/a Lend America for violating a previous Consent Agreement and Order, failing to fund a consummated loan, and failing to provide written notice of a change in information contained in its license application.
12/3/09
Omnex Group, Inc. d/b/a Giromex d/b/a UNO Money Transfers has entered into a final Consent Agreement and Order and will pay a fine for not maintaining the minimum capitalization required to hold a money transmitter license, not submitting required annual financial reports to the Department, and allowing agents to include language in their advertisements not expressly permitted by regulation.
11/30/09
Letort Mortgage Group, Inc. has entered into a final Consent Agreement and Order for failing to notify the Department that its office manager had resigned and that it was no longer conducting mortgage business. The company will also surrender its license and pay its outstanding examination invoice to the Department.
11/30/09
Flagship Mortgage Corporation d/b/a goflagshipmortgage.com has entered into a final Consent Agreement and Order and will pay a fine for originating mortgages from an unlicensed location.
11/25/09
AM Mortgage Brokers, Inc. has entered into a final Consent Agreement and Order and will pay a fine for not having adequate internal controls.
11/24/09
Spitler, Inc d/b/a Spitler Vehicle Specialties has entered into a final Consent Agreement and Order and will pay a fine for engaging in the business of an installment seller when it was not licensed.
11/23/09
The Department has issued a final order against USA Home Loans, Inc. for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
Kirk S. Greenhalgh has entered into a final Consent Agreement and Order and is prohibited from working in the mortgage loan business in Pennsylvania for misappropriating payoff monies from refinancing transactions.
11/13/09
The Department has issued a final Order against American Modification Consultants LLC for engaging in unlicensed mortgage loan business in Pennsylvania.
Statewide Commercial & Home Loans has entered into a final Consent Agreement and Order and will pay a fine for failure to submit its 2008 annual report as well as its ability to repay analysis.
11/13/09
Jacob Dean Mortgage, Inc. has entered into a final Consent Agreement and Order and will pay a fine for accepting mortgage loans from unlicensed loan originators.
11/10/09
The Department has suspended the license of Barron Mortgage Corp. for seven days; Barron Mortgage Corp. has also entered into a Consent Agreement and Order and will pay a fine and take corrective action for engaging in misleading and deceptive solicitation practices in violation of the Mortgage Licensing Act.
10/21/09
Nationwide Equities Corporation has entered into a final Consent Agreement and Order and will pay a fine for allowing mortgage originators to originate mortgages from unlicensed locations.
10/13/09
Robert B. Erskine has entered into a final Consent Agreement and Order for various violations of the Mortgage Licensing Act. Mr. Erskine is also prohibited from working in the mortgage business in Pennsylvania.
Welcome Mortgage Corporation has entered into a final Consent Agreement and Order and will pay a fine for issuing interest rate lock-in agreements for Pennsylvania mortgage loans without the proper Pennsylvania license and failing to use the proper address on loan applications.
9/22/09
CFS Home Loans, Inc. has entered into a final Consent Agreement and Order and will pay a fine. The Department has also revoked the company's license.
9/22/09
The Department has issued a final order against USLOANS.NET Inc. for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
9/22/09
The Department has issued a final order against PMA Lending, LLC for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
9/22/09
The Department has issued a final order against Pocono Financial Corp. for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
9/22/09
The Department has issued a final order against Riverside Mortgage Services, Inc. for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
9/18/09
The Department has issued a final order against Accent on Mortgages d/b/a American Dream Mortgages for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
The Department has issued a final order against Bergin Financial, Inc. for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
9/18/09
The Department has issued a final order against Blue Rock Mortgage Corporation for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
9/18/09
The Department has issued a final order against Dennis Jerome Sessoms for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
9/18/09
The Department has issued a final order against D.I.N.T. Financial, Inc. for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
9/18/09
The Department has issued a final order against Freedman Capital Group LLC for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
9/18/09
The Department has issued a final order against Great Lakes Financial Corporation for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
9/18/09
The Department has issued a final order against Griffin, Matthew, Paul for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
9/18/09
The Department has issued a final order against Hana Financial Solutions, Inc. for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
9/18/09
The Department has issued a final order against Homestead Mortgages, Inc. for failing to provide its internal policies and procedures related to evaluating a borrower’s ability to repay a loan. The company was fined $10,000 and its license suspended until the requested information is provided.
North American Lending Group, Inc. has entered into a final Consent Agreement and Order and will pay a fine for accepting mortgage loan applications from unlicensed loan originators.
The Department has issued a final order to prohibit Gregory M. Finney from working in the mortgage business in Pennsylvania.
8/21/09
The Department has issued a final order to deny the application submitted by David F. Lawson for a mortgage originator license.
The Department has issued a final order to deny the application submitted by Vincenzo A. Simonetta for a mortgage originator license.
7/31/09
The Department has issued a final order to prohibit Joyce Davern from working in the mortgage business in Pennsylvania.
7/31/09
The Department has issued a final order to prohibit Aaron McCarthy from working in the mortgage business in Pennsylvania.
7/31/09
The Department has issued a final order to prohibit Sabrina Stetter a/k/a Sabrina Marie Stetter from working in the mortgage business in Pennsylvania.
The Department has issued a final order to prohibit Jason Jester, sole proprietor of Precision Mortgage Service, from working in the mortgage business in Pennsylvania.
A-Fordable Auto Sales LLC has entered into a final Consent Agreement and Order and will pay a fine for assigning motor vehicle installment sale contracts to an unlicensed entity.
The Department has issued a final order to prohibit Anthony Fields from working in the mortgage business in Pennsylvania.
7/20/09
The Department has issued a final order to prohibit Lisa Fields from working in the mortgage business in Pennsylvania.
7/17/09
Dean, Inc. d/b/a Dean Honda has entered into a final Consent Agreement and Order and will pay a fine for engaging in the business of an installment seller when was not licensed to do so and making material misstatements on an application to the Department.
Service 1st Mortgage, Inc. has entered into a final Consent Agreement and Order and will pay a fine for violations of the Mortgage Act related to advertising, office staffing, officer changes, rate lock agreements and loan commitments.
7/8/09
A to Z Finance, LLc has entered into a final Consent Agreement and Order and will pay a fine for engaging in the business of a sales finance company when it was not licensed to do so.
The above parties have entered into a Final Consent Agreement and Order and are prohibited from working in the mortgage loan business in Pennsylvania for five years.
The Department has issued a final order to prohibit Alice Fields from working in the mortgage business in Pennsylvania.
The Department has issued a final order to prohibit Kelly Fields from working in the mortgage business in Pennsylvania.
6/29/09
Ideal Mortgage Bankers, Ltd. d/b/a Lend America has entered into a final Consent Agreement and Order and will pay a fine for conducting mortgage loan business from unlicensed locations; closing and funding loans in which non-FHA approved mortgage brokers were compensated by consumers for counseling services; not maintaining records at its principal place of business in Pennsylvania and engaging in misleading advertising.
6/23/09
HomeForeclosureFighter has entered into a Consent Agreement and Order and will post a disclaimer on its website that it is not a mortgage lender and does not do refinances.
6/23/09
Taylor, Bean & Whitaker Mortgage Corporation has entered into a final Consent Agreement and Order with the Pennsylvania Department of Banking and 13 other state mortgage regulators. The company will also modify loans for struggling customers and pay $9 million in fines.
6/18/09
The Department of Banking has issued a final order to prohibit Mark Nugent, owner and managing partner of Blue Cap Funding, LLC, from working in the mortgage business in Pennsylvania.
6/16/09
Allied Home Mortgage Capital Corporation has entered into a final Consent Agreement and Order and will pay a fine for originating loans from unlicensed branch locations.
6/12/09
Peoples First Financial has entered into a Consent Agreement and Order for engaging in unlicensed mortgage loan activity in violation of the Mortgage Act.
6/11/09
Best Interest Rate Mortgage Company, LLC has entered into a final Consent Agreement and Order for making material misstatements of fact on its license application and supplying misleading mortgage loan modification advertisements to consumers.
6/10/09
The Department has ordered CT Loans Center Inc. to cease and desist from engaging in unlicensed mortgage loan business.
5/27/09
PaymentsFirst, Inc. and Assignbyweb and Roger Sheftel (PDF)
PaymentsFirst, Inc. and Assignbyweb and Roger Sheftel have entered into a final Consent Agreement and Order for engaging in unlicensed money transmission activity. PaymentsFirst has also agreed to reimburse, settle, or make a good faith effort to settle with clients that paid monies that were not disbursed.
5/22/09
The Department has ordered Loan Modification Biz to cease and desist from engaging in unlicensed mortgage loan business.
5/22/09
MLD Mortgage, Inc. d/b/a The Money Store has entered into a final Consent Agreement and Order and will pay a fine for engaging in mortgage loan business in Pennsylvania before it was licensed.
The Department has ordered OC Mutual Funding to cease and desist from engaging in unlicensed mortgage loan business.
5/14/09
The Department has ordered Mortgage Solutions Clearing House to cease and desist from engaging in unlicensed mortgage loan business.
5/13/09
Residential Home Funding Corp. d/b/a RHF Wholesale has entered into a final Consent Agreement and Order and will pay a fine for conducting mortgage loan business from unlicensed locations, failing to disclose prior business conducted on its initial license application and not maintaining records at its principal place of business in Pennsylvania.
5/8/09
The Department has issued a final order to prohibit Randy Carretta a/k/a Randall J. Carretta of Precision Mortgage from working in the mortgage business in Pennsylvania.
5/8/09
The Department has issued a final Cease and Desist order against the above parties for engaging in the business of money transmission in Pennsylvania when it was not licensed to do so.
5/7/09
The Department has issued a final cease and desist order against American Foreclosure Specialists for engaging in unlicensed mortgage activity.
5/7/09
The Department has issued a final cease and desist order against ApplyLoanMod.com for engaging in unlicensed mortgage activity.
5/7/09
The Department has issued a final Cease and Desist order against FastCapital 360 for engaging in unlicensed activity.
5/7/09
The Department has issued a final Cease and Desist order against The U.S. Loan Assistance Center for advertising to refinance mortgages as part of the loan modification process without a license.
5/7/09
The Department has issued a final Cease and Desist order against Endeavor Mortgage for engaging in unlicensed activity.
4/27/09
Hansen Financial Services, Inc. d/b/a Hansen Mortgage Services, Inc. d/b/a www.hansenmtg.com has entered into a final Consent Agreement and Order and will pay a fine for not having sufficient internal controls, conducting mortgage business from unlicensed locations, transacting business in a name not designated on its license and not maintaining the minimum net worth required to hold a loan correspondent license.
4/24/09
The above parties have entered into a final Consent Agreement and Order for selling securities without a license, failing to disclose its securities business to the Department and making material misstatements on a license application. The company will surrender its mortgage license, Eugene Miley is prohibited from working in the mortgage business in Pennsylvania for life and Melissa Miley is prohibited from working in the mortgage business for three years.
4/24/09
The Department has issued a final Cease & Desist order against the above parties for engaging in the business of money transmission in Pennsylvania without a license. PaymentsFirst must also reimburse to clients money it received but did not disperse.
4/23/09
Watkins Chevrolet, Inc. has entered into a final consent agreement and order and will pay a fine for engaging in the business of an installment seller without a license.
4/21/09
Erika Stanford (PDF)
The Department has issued a final order to prohibit Erika Stanford, a former loan officer at People's Home Mortgage, from working in the mortgage business in Pennsylvania.
Universal Capital Services, Inc. d/b/a U.S. Mortgage Line has entered into a final Consent Agreement and Order and will pay a fine for engaging in false and misleading advertising.
4/14/09
Robert P. Valentin and Nationwide Foreclosure Prevention Center, LLC have entered into a final Consent Agreement and Order and will pay a fine for engaging in unlicensed activity.
4/13/09
The Department issued a final Cease and Desist Order against Federal Loan Modification Law Center LLC for advertising to make new loans or refinance mortgages for Pennsylvania consumers in the mortgage modification process when it was not licensed to do so.
4/10/09
The Department issued a final Cease and Desist Order against U.S. Settlement Services for advertising to refinance mortgages for Pennsylvania consumers in the mortgage modification process when it was not licensed to do so.
4/10/09
The Department issued a final Cease and Desist Order against Consumer Loan Modification for advertising to refinance mortgages for Pennsylvania consumers in the mortgage modification process when it was not licensed to do so.
4/9/09
Main Line Capital and Thomas P. Girone have entered into a final Consent Agreement and Order and have agreed to surrender their Pennsylvania mortgage broker license for providing a material misstatement on a report submitted to the Department, committing to close loans while licensed as a broker, allowing unlicensed loan officers to solicit and negotiate mortgage loans, and inadequate internal controls.
4/1/09
The Department of Banking has issued a final order to prohibit Aaron Thompson, former office supervisor at People's Home Mortgage, from working in the mortgage business in Pennsylvania.
3/26/09
Delana Enterprises LLC, Diana Seriani, and Brian Harris have entered into a final Consent Agreement and Order related to a check casher license application submitted to the Department of Banking.
3/13/09
The above parties entered into a final Consent Agreement and Order and are prohibited from working in the mortgage business in Pennsylvania for 10 years for numerous violations of the Mortgage Act.
3/10/09
Amerisave Mortgage Corporation has entered into a final Consent Agreement and Order and will pay a fine for conducting mortgage loan business from unlicensed locations.
3/6/09
The Department of Banking has issued a Final Order to prohibit Robert L. Dodsworth from working in the mortgage business in Pennsylvania.
3/6/09
The Department of Banking has issued a Final Order to prohibit Frank A. Kartesz, II from working in the mortgage business in Pennsylvania.
3/3/09
Single Source Mortgage Services, Inc. and Peter Dean Kamaras have entered into a final Consent Agreement and Order. Mr. Kamaras agreed to a fine and prohibition from the mortgage business.
2/27/09
Apex Lending, Inc. has entered into a final Consent Agreement and Order and will pay a fine for originating loans from unlicensed locations.
2/26/09
Transworld Mortgage Services has entered into a final Consent Agreement and Order and will pay a fine for accepting mortgage loans closed by unlicensed loan officers and failing to pay an examination fee.
2/20/09
Deann Haggerty has entered into a final Consent Agreement and Order for engaging in dishonest, fraudulent, illegal, unfair and unethical conduct. Haggerty is also prohibited for life from working in the mortgage loan business as regulated by the Mortgage Act.
2/20/09
Dana H. Smith has entered into a final Consent Agreement and Order for failing to cease and desist conducting any unlicensed activity in violation of a 2006 Order with the Department. Smith is also prohibited from working in the mortgage loan business as regulated by the Mortgage Act.
2/20/09
Monument Mortgage has entered into a final Consent Agreement and Order for allowing an unlicensed individual to solicit and negotiate mortgage loans.
Ideal Mortgage Bankers, Ltd d/b/a Lend America has entered into a final Consent Agreement and Order for failing to fund a closed loan.
2/6/09
Capital Mortgage Finance Corp. has entered into a final Consent Agreement and Order and will pay a fine for originating loans from an unlicensed location, failing to maintain records at its principal place of business, and failing to meet continuing education requirements.
1/26/09
Target Mortgage Inc., and Yvonne Hu and Lily Zhao have entered into a final Consent Agreement and Order and will pay a fine for not establishing adequate internal controls, collecting advance fees from consumers for services that were not performed and improperly influencing appraisals. Target will surrender its mortgage license and Hu and Zhao are prohibited from engaging in the mortgage business or having ownership in an entity that conducts mortgage business for five years.
New Millenium Financial, LLC, Andrew Klimenk and Igor Ponomarev have entered into a final Consent Agreement and Order for collecting advance fees without being properly bonded, engaging unlicensed independent contractors to perform mortgage loan origination services, and transacting business under a name not designated on its license.
1/21/09
E - Time System, Inc. has entered into a final Consent Agreement and Order and will pay a fine for transmitting money for Pennsylvania consumers without a license.
1/20/09
CFS Home Loans, Inc., and Marathon Mortgage Solutions, Inc. has entered into final Consent Agreement and Order and will pay a fine for various violations of the Mortgage Act. Additionally, its license is temporarily suspended and it must improve internal control policies and procedures.
1/20/09
Commonwealth Funding, LLC has entered into a Final Consent Agreement and Order to suspend its license for failing to provide the Department with free access to its records.
Wexford Financial Services, LTD d/b/a Wexford Financial has entered into a final Consent Agreement and Order and will pay a fine for originating mortgages from an unlicensed location.
1/14/09
Capital Lending Service, Incorporated d/b/a Capital Mortgage has entered into a Final Consent Agreement and Order and will pay a fine for accepting mortgage loans closed by loan officers who were not licensed.
1/9/09
Four Way Auto & Truck Sales, LLC has entered into a final Consent Agreement and Order and will pay a fine for engaging in the business of an installment seller when it was not licensed.
1/7/09
John Kennedy Subaru, Inc. has entered into a final Consent Agreement and Order and will pay a fine for engaging in the business of an installment seller when it was not licensed.
1/7/09
Primary Residential Mortgage, Inc. has entered into a final Consent Agreement and Order and will pay a fine for originating loans from an unlicensed location and for failing to complete required continuing education.