The Notice of Intent to Revoke Annual License provided that Family First Mortgage Corporation purposefully withheld, deleted, destroyed or altered information requested by an examiner of the Department.
Pursuant to state law, it is prohibited for any person knowingly to purchase, sell, or transfer a mortgage loan or loan application from or to a mortgage broker or mortgage lender who is not licensed or exempt from licensing or registration provisions.
In conjunction with this same violation, the Department issued Orders to Cease and Desist to Gregory L. Hill, who is the president of Family First Mortgage Corporation, and Glenn M. Hill, the company’s vice-president. These Orders to Cease and Desist also became final on February 1, 2008.
Pursuant to state law that was in effect when the violation underlying the Order to Cease and Desist was committed, the Department may revoke the license of a mortgage broker or lender that employs an individual against whom a final Order to Cease and Desist has been issued within the preceding five years if the order resulted from the commission of a prohibited act such as withholding information during an examination.
Rod Carnes, Deputy Commissioner for Non-Depository Financial Institutions
Phone: (770) 986-1371