New York State Mortgage Broker Branch Registration (Page 4 of 4) in pdf

New York State Mortgage Broker Branch Registration Page 4

designated branch manager must be a licensed mortgage loan originator in

New York.

A branch manager Employment and Compensation Contract must be

provided with all notifications to change branch manager.

If the branch manager does not have an employment or compensation

contract, the cover letter accompanying the application must clearly indicate

the manner in which the branch manager is compensated (W-2, 1099,

commission, salaried etc.). Also, explain the respective branch manager

commissions are calculated and whether the individual has the authority to

hire and/or fire employees.



N/A

DISCLOSURE QUESTIONS. Provide complete details in NMLS of all

events or proceeding for any “Yes” answer to any of the Disclosure

Questions and upload a copy of any applicable orders or documents.

WHO TO CONTACT –

Change of Address - Contact

Serenia Jackson

licensing staff by phone at

(212) 709-5587

send your questions via e-mail to

serenia.jackson@dfs.ny.gov

for additional assistance.

Change of Branch Manager - Contact

Salina Cantey

licensing staff by phone at

(212) 709-5561

or send your questions via e-mail to

salina.cantey@dfs.ny.gov

for additional assistance.

THE APPLICANT/LICENSEE IS FULLY RESPONSIBLE FOR ALL OF THE REQUIREMENTS OF THE

LICENSE FOR WHICH THEY ARE AMENDING. THE AGENCY SPECIFIC REQUIREMENTS CONTAINED

HEREIN ARE FOR GUIDANCE ONLY TO FACILITATE AMENDMENT REQUEST THROUGH NMLS.

SHOULD YOU HAVE QUESTIONS, PLEASE CONSULT LEGAL COUNSEL.

Updated: 06/24/2013

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New York State Mortgage Broker Branch Registration Page 4