|
|
|
|
|
|
Dedicated Funding FAQs - Mortgage Servicer
|
Please
Note: |
For the 2023 Mortgage Servicer Annual Report, mortgage servicers will be required to submit to the Department a hard copy of the Mortgage Servicer Annual Report worksheet by May 1, 2024 by mail, email, or fax, as set forth below:
New Jersey Department of Banking and Insurance
Banking Division
Office of Consumer Finance
Annual Reports
20 West State Street, 8th Floor
Trenton, NJ 08625
E-mail
Fax: (609) 292-6765
All annual reports will be due May 1, 2024. If you have
any questions, please contact
Consumer Finance Annual Reports.
|
|
Pursuant to N.J.S.A. 17:16F-31, all licensees are required to file an annual report to the Department of Banking and Insurance. Licensees are required to file an annual report after each calendar year in which they were licensed. Because you were licensed in 2023, you are required to file an annual report in 2024 even if you did not conduct any business in 2023, and even if you ceased doing the business activities for which you were licensed in New Jersey in 2023.
If
you have any questions about filing your annual report, please e-mail Consumer Finance Annual Reports at bankingannualreports@dobi.nj.gov.
Thank you in advance for
your cooperation in this important matter. |
|
|
|
Annual Reports |
Will a Mortgage Servicer be required to file an annual
report?
A mortgage servicer is required to file an annual report with
the Division of Banking. The report must be filed for the period of
January 1, 2023 through December 31, 2023.
What is included in the Mortgage Servicer annual report?
The Mortgage Servicer Annual Report includes:
- the number of residential mortgage loans the mortgage servicer serviced;
- the type and characteristics of the residential mortgage loans the mortgage servicer serviced;
- the number of serviced residential mortgage loans in default, along with a breakdown of 30, 60, and 90 days of delinquency; and
- the number of foreclosures commenced.
Information
must be collected from 01/01/2023 through 12/31/2023 for New Jersey business
and maintained to complete the annual report.
Is there a filing deadline for
the annual report?
All annual reports must be filed no later than May 1, 2024
for the January 1, 2023 to December 31, 2023 reporting period.
Do the NMLS filing requirements eliminate the DOBI Annual Report filing requirement?
No. The NMLS Mortgage Call Report and Annual Financials must be
completed on the NMLS site. This is in addition
to the DOBI Annual Report filing requirement.
|
|
Contact Information |
For licensing questions:
NJDOBI
License Services, Banking
PO Box 473
Trenton, NJ 08625
E-mail
609-292-7272 |
|
For annual report questions:
NJ Department of Banking and Insurance
PO Box 040
Trenton, NJ 08625
E-mail
609-940-7649 |
|
|
|
|
|
|
OPRA is
a state law that was enacted to give the public greater access to government
records maintained by public agencies in New Jersey. |
|
|
You will need to download the latest version of Adobe Acrobat Reader in order to correctly view and print PDF (Portable Document Format) files from this web site. |
|
|
|
Copyright © State of New Jersey, 1996 -
State of New Jersey
New Jersey Department of Banking and Insurance
|
|