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Executed Opened YORK STATE DEPARTMENT
OF FINANCIAL SERVICES
x
In the Matter of
21ST MORTGAGE CORPORATION
B500913SETTLEMENT AGREEMENT Licensed Mortgage Banker Pursuant To
Article XII of the New York
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What is a licensed mortgage banker?
A licensed mortgage banker is a financial institution or individual who is authorized to originate, underwrite, and fund mortgage loans.
Who is required to file a licensed mortgage banker?
Individuals or institutions who engage in mortgage banking activities are required to file for a license.
How to fill out a licensed mortgage banker?
To apply for a licensed mortgage banker, individuals or institutions must submit an application to the appropriate regulatory authority along with all required documentation and fees.
What is the purpose of a licensed mortgage banker?
The purpose of a licensed mortgage banker is to provide individuals or institutions with the ability to offer mortgage loans to consumers in compliance with relevant laws and regulations.
What information must be reported on a licensed mortgage banker?
Information required to be reported on a licensed mortgage banker typically includes financial statements, business practices, and any regulatory actions taken against the individual or institution.
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