Service Enforcement - Payments Institution 85% Business Lending 45%
Specialism Regulatory Reporting 65% Enforcement - Financial Penalty 60%
2026-03-13 13:45:42 · ataylor@vixio.com
ID
2962594
GUID
06e3186a2942cbd37d74dd45cc898397

Classification

Service
Enforcement - Payments Institution (85%)

This is an enforcement action by the Florida Office of Financial Regulation against E Mortgage Finance Corp for violations of mortgage lending regulations, specifically failure to timely submit required reports.

Business Lending (45%)

Low confidence — requires human review. While mortgage lending involves credit provision, this enforcement action focuses on regulatory compliance and reporting violations rather than lending product regulation.

Specialism
Regulatory Reporting (65%)

The update describes an administrative fine imposed by a state mortgage regulator for late regulatory reporting, but the subject matter (mortgage lending) falls outside the payments compliance scope.

Enforcement - Financial Penalty (60%)

The violation involves failure to timely submit quarterly Mortgage Call Reports, which is a regulatory reporting obligation, though the enforcement action is the primary focus and the entity is a mortgage broker rather than a payment service provider.

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TITLE: Florida Office of Financial Regulation Imposes Administrative Fine on E Mortgage Finance Corp BODY: On March 2026, the Florida Office of Financial Regulation (Office) entered a Final Order against E Mortgage Finance Corp, imposing an administrative fine of $2,625.00 for violations of Florida's mortgage lending regulations. The Office charged E Mortgage Finance Corp with failing to timely submit quarterly Mortgage Call Reports (MCRs) via the Nationwide Multistate Licensing System and Registry (NMLS). Specifically, the respondent submitted its Fourth Quarter 2024 MCR on April 2, 2025—47 days after the required February 14, 2025 deadline, violating Rule 69V-40.176(3)(a), Florida Administrative Code, and section 494.004(2), Florida Statutes. This marked the respondent's third violation of MCR submission requirements. The Office had previously issued a Notice of Late Compliance on April 1, 2016, for failing to timely submit the Fourth Quarter 2015 MCR, and entered a Final Order in case OFR 98119 for late submissions in 2018 and 2019. E Mortgage Finance Corp, licensed as mortgage broker MBR1783 with principal loan originator Remmy M. Jorge, received the Administrative Complaint on February 4, 2026. Rather than request a hearing, the respondent waived its right to a hearing and consented to entry of the Final Order, not disputing the Office's factual allegations or conclusions of law. The $2,625.00 fine falls within the "B" level administrative fine range of $3,500.00 to $7,500.00 as established in the Office's Disciplinary Guidelines for Mortgage Loan Originators and Mortgage Entities, Form OFR-494-14. The respondent must remit payment within 30 days of the Final Order's docketing via wire, money order, or cashier's check to the Office of Financial Regulation, referencing Case No. 131171. REFERENCES: State of Florida Office of Financial Regulation, Final Order, Case Number 131171, March 2026
  • Scraped:2026-03-13 13:45:42
  • Created:2026-03-13 13:45:41
  • By:ataylor@vixio.com (61)