The Nevada Mortgage Lending Division on June 5 posted an order, accusing mortgage broker JFK Financial of violating state statutes and fining the firm $49,125.
Mortgage Lending Commissioner James Westrin entered a consent order with JFK Financial, alleging that the firm failed to ensure that all of its agents were licensed, didn’t license a branch location and failed to confirm that monthly activity reports correctly identified the name of the mortgage originator.
Westrin ordered JFK FInancial to end the violations, which the firm said were not willful.
The division directed JFK Financial to pay $24,125 initially and then to pay the balance of $25,000 before Oct. 31. The broker also agreed to pay $600 for the division’s administrative costs.
Jonathan Kinney, the owner of JFK Financial, signed a consent form.