TITLE: Florida Office of Financial Regulation Issues Final Order Against Forthright Funding Corporation and Jesse James Lombardo
BODY:
On March 18, 2026, the Florida Office of Financial Regulation (OFR) issued a Final Order adopting a Stipulation and Consent Agreement with Forthright Funding Corporation and Jesse James Lombardo, the corporation's President and Sole Owner. The settlement resolves compliance violations identified during an examination of the mortgage lender licensee.
Forthright Funding Corporation, holding mortgage lender license number MLD1336, failed to timely file its Financial Audit Report for the fiscal year ending 2024, in violation of Section 494.0063, Florida Statutes. Under the settlement agreement, the respondents have agreed to cease and desist from future violations of Chapter 494, Florida Statutes, and comply with all applicable provisions and rules.
The OFR imposed an administrative fine of $2,500, payable to the Office of Financial Regulation and referencing Case Number 135149. The respondents voluntarily surrendered their mortgage lender license (MLD1336), which terminated upon entry of the Final Order. Concurrently, the OFR approved the respondents' mortgage broker application and issued a new license within one business day of the Final Order's entry.
By consenting to the Final Order, the respondents waived their rights to a formal administrative hearing, separately stated Findings of Fact and Conclusions of Law, and any right to contest the agreement's validity in administrative or judicial proceedings. Non-compliance with the settlement terms may result in an emergency cease and desist order. Each party bears its own costs and attorney's fees incurred in this matter.