Just a friendly reminder that New York mortgage banker licensees and New York mortgage broker registrants are required to file a Volume of Operations Report annually with the New York State Department of Financial Services. The VOOR must be completed and submitted even if a licensee or registrant took no applications and closed no loans in the previous calendar year. This year’s VOOR submission deadline has been extended to June 30, 2020 because of the Covid-19 pandemic.
The NYSDFS encourages all reporting to be done through its online portal. Temporary passwords for accessing the portal were sent via e-mail to licensees and registrants between April 24 and April 27, and the ability to submit the VOOR via the portal went live on May 4.
The NYSDFS also allows for paper submission of the VOOR, but may take up to three weeks following a request to deliver the VOOR forms. The deadline for online and paper submissions is the same.