Department Enters into Consent Order with DeWitt Mortgage Services and Property Management, LLC and its Owner, Mark DeWitt

Atlanta, GA – November 4, 2013 – (RealEstateRama) — On November 1, 2013, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with DeWitt Mortgage Services and Property Management, LLC (“DeWitt Mortgage”), mortgage broker’s license number 22052, NMLS number 159325, located at 7 Plantation Park Dr, Suite 2-A, Bluffton , South Carolina 29910, formerly located at 219 West Bryan Street, Suite 306, Savannah, GA 31401, and its owner, Mark DeWitt, mortgage loan originator’s license number 27102, NMLS number 160478, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act.

The terms of the Consent Order include the following:

The mortgage broker’s license of Dewitt Mortgage will be revoked, effective November 1, 2013;

Mark Dewitt shall voluntarily withdraw his mortgage loan originator’s license, effective November 1, 2013;

For a five-year period from the date on which Mark Dewitt withdraws his mortgage loan originator’s license, DeWitt is precluded from being employed or working as an independent contractor for a Georgia licensed mortgage lender or mortgage broker;

DeWitt Mortgage was assessed fines in the amount of eleven thousand dollars ($11,000) and has satisfactorily remitted payment to the Department related to the assessed fines; and,

DeWitt Mortgage shall contribute $1,000.00 to the State Regulatory Registry, LLC, a wholly-owned subsidiary of the Conference of State Bank Supervisors (“CSBS”) to support the NMLS.

Contact:
Rod Carnes
Deputy Commissioner for Non-Depository Financial Institutions
Phone: (770) 986-1371
E-mail:

The Department has regulatory and/or licensing authority over state-chartered banks, credit unions, trust companies, mortgage loan originators, mortgage brokers, mortgage lenders, mortgage processors, check cashers, sale of check companies, money transmitters, international banking organizations, and bank holding companies conducting business in Georgia. Visit us on the Web at: http://dbf.georgia.gov/