Mortgage Broker
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Alert
DFI-2012-007 License Revocation Stipulation and Order (License Nos. HI-340467; HI-340287): On 07/16/2013, the State Of Hawaii Department Of Commerce and Consumer Affairs Division Of Financial Institutions (DFI) and Kathleen Patricia Morris and Herman Morris Enterprises Inc., dba Hawaii’s Premiere Mortgage Co. (collectively “Respondents”) agreed and entered into a License Revocation Stipulation and Order. The Commissioner of DFI ordered the Respondents to cease operating as a mortgage loan originator and a mortgage loan originator company on suspicion of violating Hawaii law.
DFI alleged that the entity was:
• Originating a mortgage loan in a consumer’s name without their authorization
• Receiving payoffs of mortgage loans and not remitting the payoff amounts to the lenders
• Attempting to solicit a complainant with a payment to withdraw his complaint against the licensees
• Using a trade name without properly notifying the Commissioner of the name
• Failing to update the financial disclosure pursuant to changes in financial status
• Failing to notify the Commissioner about a revocation of a previous license.
DFI has investigated alleged actions regarding License Nos. HI-340467; HI-340287. It is stipulated that DFI has substantial evidence in its files to support, after hearing, findings of fact and conclusions of law supporting the Notice of Charges filed in this matter on May 15, 2013 that would result in the revocation of Respondents' respective mortgage loan originator ("MLO") and mortgage loan originator company ("MLOC") licenses.
The Respondents understand that they have the right to have a hearing before the Office of Administrative Hearings, Department of Commerce and Consumer Affairs on this matter and to be represented by legal counsel at such a hearing, as well as a right of judicial review of the result of such hearing, but freely and voluntarily waive their rights to a hearing and to representation by legal counsel at such a hearing. Also, the business freely and voluntarily surrenders all records, contracts, loan documents, and agreements stored in file cabinets, boxes or electronically to the DFI.
The DFI agrees that in consideration of this Stipulation and Order it will forgo the imposition of fines against the business in this matter. By entry of this order, MLO and MLOC licenses are revoked, effective the date of this order.
Other identifications used by the Respondents are Kathleen P. Morris, aka Patricia Morris, aka Tricia Morris, aka Trish Schaberg, aka Tricia Schaberg, aka Patricia K. Morris, aka Kathleen K Herman, aka Patricia Kathleen Herman, aka K. P. Morris, aka Kathleen P. Morris, aka Tricia K. Morris, aka Tricia NMN Morris, aka Tricia P. Morris, aka Patricia Kathleen Morris. Herman Morris Enterprises Inc. also does business as: dba Hawaii’s Premier Mortgage Co., dba Hawaii’s Premiere Mortgage Co., dba Lemurian Interiors & Development, dba Nature’s Treasures of Maui.
Further details are available at:
http://www.nmlsconsumeraccess.org/EntityDetails.aspx/Artifact/Other.pdf?q=107345-207522
Licensing 1
Nationwide Multistate Licensing System & Registry (NMLS) revoked the license of Hawaii's Premier Mortgage Company. BBB encourages you to contact the following agency or agencies to confirm this information: - https://mortgage.nationwidelicensingsystem.org/Pages/default.aspx - 240-386-4444
Licensing 2
Nationwide Multistate Licensing System & Registry (NMLS) revoked the license of Hawaii's Premier Mortgage Company. BBB encourages you to contact the following agency or agencies to confirm this information: - https://mortgage.nationwidelicensingsystem.org/Pages/default.aspx - 240-386-4444
Licensing 3
Nationwide Multistate Licensing System & Registry (NMLS) revoked the license of Hawaii's Premier Mortgage Company. BBB encourages you to contact the following agency or agencies to confirm this information: - https://mortgage.nationwidelicensingsystem.org/Pages/default.aspx - 240-386-4444
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