News & Updates


Temporary COVID-19 Mortgage Loan Originator Bond Submission Process

07 Apr 2020 2:24 PM | Edith Tella (Administrator)

To:  Regulated Mortgage Companies

Based on the Governor’s mandate regarding non-essential state employees, the New York State Department of Financial Services (the “Department”) is currently operating remotely.

To minimize the impact our remote operations may have on the ability of licensed mortgage loan originators (“MLOs”) to comply with bond requirements, effective immediately and until further notice, the Department will accept MLO Individual and Originating Entity bond and bond related documentation electronically.

Going forward, in addition to mailing original documents to the Department as required, regulated entities can submit MLO Surety Bond(s) and bond related document electronically to MLOSURETYBOND@dfs.ny.gov.  The subject line of the email should include the name and NMLS number of the MLO for whom the information is being submitted The body of the e-mail should contain your name and contact information, as well as the specifics relating to the nature and reason for your submission.  For Originating Entity bonds, sponsors must include specific details in the email regarding the purpose for which the bond or certification documents are being provided.

New York State Department of Financial Services

***

New York Association of Mortgage Brokers
501 East Boston Post Rd., Suite 6 | Mamaroneck, New York 10543
P (914) 315-6644 | F (888) 900-1602 | etella@teammgmtsvs.com 
© COPYRIGHT 2018. ALL RIGHTS RESERVED.


NMLS Provider # 1400060