Just a friendly reminder that New York mortgage loan servicer registrants and New York exempt mortgage loan servicer registrants are required to file a Volume of Servicing Report quarterly with the New York State Department of Financial Services. While the VOSR for the second quarter typically must be submitted to the NYSDFS no later than July 30, that deadline has been extended this year to September 13 because of the Covid-19 pandemic.
The report must be completed via the NYSDFS’ volume of servicing reporting system and requires registrants to disclose, among other things, regulatory actions, gross revenue, and aggregate loan servicing data. For additional information regarding the VOSR, please visit the NYSDFS’s VOSR page. For assistance with preparing and submitting license reports, please do not hesitate to contact APPROVED.