New York Mortgage Loan Servicer Registration Branch

Who is required to have this license? Registered New York State mortgage loan servicers that engage in loan servicing activities from locations other than its principal place of business, irrespective of whether the only contact such locations have with borrowers is by internet, telephone, facsimile or other electronic process. Note: Regulated entities operating under an Exempt Mortgage Loan Servicer Registration are not eligible to apply for this branch license. Such entities must apply for a branch license under the Mortgage Banker Branch License or Mortgage Broker Branch Registration, as applicable. Activities Authorized Under Registered branch locations can only engage in the activities authorized under its Principal/Main Office Mortgage Loan Servicer Registration. Pre-requisites for license applications? • Must currently hold an active New York State Mortgage Loan Servicer Registration. Weekly Bulletin Publication Applications deemed complete are published in the Department’s Weekly Bulletin every Friday. The Weekly Bulletin can be accessed via the following link: Weekly Banking Bulletins - 2024 | Department of Financial Services (ny.gov) Part 418.5(c) of the Superintendent’s Regulations requires the Superintendent to render a decision within 60 days of bulletin publication of a complete branch application for processing. Incomplete Application All required jurisdiction (state) specific documents must be received by the Department within 10 days of the electronic filing through NMLS. Please note that the applicant’s NMLS Identification Number must be included on every document submitted to the Department. If all jurisdiction (state) specific documents are not received within 10 days of the electronic filing through the NMLS the application will be withdrawn. The Department will notify the applicant after the withdrawal of the application. If after receipt of all jurisdiction specific (state) documents, a branch application is determined to be incomplete, deficiencies will be posted as “License Items” on NMLS identifying the items and matters that must be addressed for the Department to continue processing the application. Complete responses must be received within 30 days of the date the License Item is posted to NMLS. If a complete response fully addressing all such items and matters to the satisfaction of the Department is not received within 30 days of sending such notice, the application will be considered withdrawn and the status on NMLS will be updated to “Withdrawn-Abandoned.” Any applicant seeking a registration following the withdrawal of an application must submit a new application that must include all required information, documents, and fees. Approval or Denial After the application has been processed, the applicant will receive written notification of the approval or denial of the application.