MARY COCHRANE GIVES DETAILS ON FIRST MAGNUS

Dear pelucheven, on October 28, 2010 at 9:15 am said: Hi Dave

I like to share with consumers you can find information to reveal how the pretender lenders do business. Example your question regarding who is:.

RE: First Magnus Financial Corporation
(12/311996) dba CHARTER FUNDING

I never would have known if I had not looked at every document filed with State of Arizona.
http://www.azsos.gov/scripts/TNT_Search_engine.dll

It’s important to know that Charter Funding is a tradename and business type ‘Mortgage Banking’
Domestic Business Entity began 8/12/1996.
Status: Active
Owner: First Magnus Financial Corporation
Renewal 8/16/2001
Amendment 11/26/2004
Renewal 5/15/2006

Charter
07826337 Corporation File:
6393 E. Tamque Verde Suite 280, Tuscon AZ 85715
Received 7/8/1997
Business Corporation Annual Report & Certificate of Disclosure Domestic
Statutory Agent: Gerald G. Hawley

Corporate Name:
First Magnus Financial Corp. &First Magnus Liquidating Trust
4909 North 44th Street
Phoenix, AZ 85018
Toll Free Number: (888) 744-5100
Direct Number: (520) 618-9255
Fax Number: (520) 901-7963
Primary Contact: MARY SLOAN
Website:
Member Org ID: 1000392

Lines Of Business:
Originator, Servicer, Subservicer, Investor, Document Custodian

eRegistry Participant: No
eDelivery Participant: No

https://www.mersonline.org/mers/mbrsearch/validatembrsearch.jsp

You can search MERS MEMBERS 0-9 and A-Z

Pervue the screens very interesting when you consider the SHAREHOLDERS (BENEFICIARIES) of the transactions required MEMBES to record in blank electronically transactions not to be lawfully recorded.

————————————————————
Interesting One – Fictitious name for ‘servicing side’ acquired for Nationsbank.

Should this name have been merged out of existence with Wells Fargo Home Mortgage, Inc. May 2004?

The OCC clearly stated that all ‘Mortgage Corporation’ business had to be done inside of Wells Fargo Bank, National Association, Sioux Falls, SD May 2003 approving John Stumpf’s request to merge out of existence Wells Fargo Home Mortgage, Inc.

Remember, Wells Fargo Home Mortgage, Inc. employees were working for a general purpose entity registered in some states other states Wells Fargo did not rename ‘Norwest Mortgage, Inc.’ and other states did not rename Directors…..

When would Wells Fargo Home Mortgage employees be considered employees of a national bank? following merging out of existence ?

For example, in NJ, Wells Fargo Home Mortgage storefronts employees email address is Wells Fargo Home Mortgage div Wells Fargo Bank NA (2005 copyright) – 2701 Wells Fargo Way, Minneapolis MN.

In MERS you’ll find the entity to be recorded as a MERS MEMBER as America’s Servicing Company

Corporate Name: America’s Servicing Company
Address: 2701 Wells Fargo Way MAC x9998-012
City,State,Zip: Minneapolis, MN 55467-8000
Toll Free Number: (800) 842-7654
Direct Number: (651) 605-3711
Fax Number: (651) 605-7831
Primary Contact: Masse Adjetey
Website:
Member Org ID: 1002856
Lines Of Business: Servicer, Subservicer, Investor, Document Custodian, Master Servicer
eRegistry Participant: No
eDelivery Participant: No
———————————————-

So back to who is:

“First Magnus Financial Corporation”

In MERS we see Wells Fargo & Bear Stearns dba JPMorgan now required MEMBERS to be registered who would process transactions and paid for the Lines of Business they could process documents.

Corporate Name:
First Magnus Financial Corp. &First Magnus Liquidating Trust
4909 North 44th Street
Phoenix, AZ 85018
Toll Free Number: (888) 744-5100
Direct Number: (520) 618-9255
Fax Number: (520) 901-7963
Primary Contact: MARY SLOAN

I go and look at the Business Entity Search in AZ to find out who is: “First Magnus”
http://www.azsos.gov/scripts/TNT_Search_engine.dll

There are recorded in AZ:
ID Type Name
07826337 CORPORATION FIRST MAGNUS FINANCIAL CORPORATION
L12675977 L.L.C. FIRST MAGNUS ADMINISTRATION LLC
256780 TRADENAME FIRST MAGNUS INSURANCE GROUP
12101934 CORPORATION FIRST MAGNUS CAPITAL, INC.
N15969329 PENDING CORP. FIRST MAGNUS FINANCIAL CORPORATION
L10837499 L.L.C. FIRST MAGNUS CONSULTING LLC
N15706884 PENDING CORP. FIRST MAGNUS FINANCIAL CORPORATION
393124 TRADENAME FIRST MAGNUS HOME LOANS
L13527294 L.L.C. FIRST MAGNUS VENTURES LLC
L13765190 L.L.C. FIRST MAGNUS STRATEGIC VENTURES LLC

‘Trade Name’ First Magnus Home Loans
Owner First Magnus Financial Corporation’
603 N Wilmot Rd, Tuscon AZ 85711 Registered 1/26/2007 – Expiration 1/26/2012

Business Type: Financial Services
File ID 393124
Domestic Entity in AZ will do business in other states as foreign orgnaization

First Magnus Financial Corporation
‘Pending File Inquiry
4/24/2011
File Number: N-1596932-9
Reservation Number: 88776
Expiration Date 8/16/2010

David Kiah
PO Box 600485
Newtonville, MA 02460
_____________________________________
‘Agent’ First Magnus Financial Corp

First Magnus Financial Corporation
603 N Wismot Rd
Tucson AZ 85711
Agent: Resigned 3/8/2011
Agent Last Updated 11/01/2007
Business Type Corporation:
For Profit – Banking/Finance
Domicile:L Arizona
County PIMA
Incorporation: 7/16/1996 (perpetual)
Dissolution/Withdrawal Dates 5/30/2008

Gurpreet S. Jaggi
President/CEO
603 N Wilmot Rd
Tucson AZ 85711
Date of Taking Office 7/1/1996
Last Updated 9/29/2006

Thomas Sullivan Sr. ‘Shareholder’ over 20% of corporation when registered dba Charter FUNDING
—————————————————————–

Articles of Organization 6/27/2007
File No L-1376519-0
Forms LLC pursuant to Chapter 4 of Article 29 of the Arizona Revised Statutes as amended (supra 29-601 et seq
MEMBER c/o Douglas G. Lemke Esq.
Management Company First Magnus Administration LLC
Statutory Agent:
Douglas G.

—————————–
Prior address of Statutory Agent:
Douglas Gl. Lemke
5285 E Williams Cir #2000
Tucson AZ 85711 Changed to above address
8/27/2004
Approved by President
Gurpreet S. Jaggi President
8/26/2004

Corporate Licensing Manager
Deanna Nealon
First Magnus Financial Corporation
520-618-9226

11/30/2004
Corporation Statement of Change of Known Place of Business Statutory Aent

1. First Magnus Consulting LLC
2. Charter Insurance Group, Inc.
3. First Magnus Financial Corporation (checked)
4. FMHM Mortgage, LLC
5. Vantage Mortgage Group, LLC
6. FMLC Mortgage LLC and
7. FMFC Lender Services LLC

Jessica Whitney
Legal Assostant
12/2/2004
First Magnus Financial Corporation
President now CEO

9 Responses

  1. 2005-First Magnamus Capital 50,000,000 shares of stock … wonder
    AZ Corp Commission Scanner ID: 01246588
    6/15/2005 Greenberg Traurig Fax 602-445-3100
    1210193-4
    Douglas G. Lemke Incorporator June 15, 2005

    Thomas W. Sulivan Jr.
    Financial services industry
    50,000,000 shares of stock

    MERS MEMBER id: 1000392
    First Magnus Financial Corp. &First Magnus Liquidating Trust
    4909 North 44th Street
    Phoenix, AZ
    Lines Of Business: Originator, Servicer, Subservicer, Investor, Document Custodian
    eRegistry & eDeliery ‘No’

    MARY SLOAN

    11/30/2004
    FIRST MAGNUS FINANCIAL CORP -Letterhead
    Re: Corporation Statement Change of Business or Statutory Agent
    First Magnus Consulting LLC
    Charter Insurance Group Inc.
    First Magnus Financial Corp
    FMHM Mortgage LLC
    Vantage Mortgage Group LLC
    FMLC Mortgage LLC and
    FMFC Lender Services LLC
    First Magnamus Letter Nationwide to State Treasury Corporations about change in Statutory Agents Jessica Whitney Legal Assistant
    Statement of Bankruptcy, Receivership or Charter Revocation
    First Magnus Financial Corp did business transactions all 50 states.
    7/16/1996 – President
    8/21/2007
    Case No 4:07-bk-01578
    US Bankruptcy Court for District of Arizona
    Annual Report Filed 10/16/2007 G.S. Jaggi President & CEO

    10/31/2006
    Ajo Copper News
    Notice October 11, 18, 25, 2005
    First Magnus Financial Corp
    Corporate File Number 0782633-7 Amended & Restated Articles of Incorporation
    Notary
    Michelle A. Pacheco 2/27/2007 Commission Expires

    First Magnus Fin Corp DBA Charter Funding July 16, 1996 DIVISION OF FINANCIAL INSTITUTIONS

    Since November 9, 1998, First Magnus has been licensed as a mortgage broker by the Professional and Vocational Licensing Division, Department of Commerce and Consumer Affairs and does business as both First Magnus and Charter Funding

    First Magnus Financial Corporation dba Charter Funding
    Engage in the Business of a Non-Depository Financial Services Loan Company and Approval to Open
    Eight Branches,
    Pursuant to Chapter
    412 Hawaii Revised Statutes
    DIVISION OF FINANCIAL INSTITUTIONS
    DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
    STATE OF HAWAII

    DECISION AND ORDER REGARDING
    APPLICATION OF
    FIRST MAGNUS FINANCIAL CORPORATION,
    ______ DBA CHARTER FUNDING _____
    DIVISION OF FINANCIAL INSTITUTIONS
    DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
    STATE OF HAWAII
    335 Merchant Street, Room 221
    Post Office Box 2054
    Honolulu, Hawaii 96805

    corporate office
    603 North Wilmot Road, Tucson, Arizona 85711

    The officers and the directors of First Magnus are Chairman of the Board and Director Thomas Warren Sullivan, Sr.; President, Chief Executive Officer, and Director Gurpreet Singh Jaggi; Chief Operating Officer Karl Frederic Wentz Young; Divisional Vice President Clinton William Gaylord; and Vice President, Secretary, Treasurer, and Director Thomas Warren Sullivan, Jr.

    principally engaged in the origination and sale of residential mortgage loans, and operates 190 retail and wholesale offices in 24 states, including Hawaii.

    officers and directors of First Magnus are experienced mortgage bankers and have established a successful operating record in managing First Magnus

    First Magnus meets the capital requirements of HRS Section 412:3-306.

    Application of First Magnus Financial Corporation, dba Charter Funding, for a license to engage in the business of a non-depository financial services loan company in accordance with the provisions of HRS Chapter 412, Article 9 is hereby approved. Pursuant to HRS Section 412:3-503, the request by First Magnus Financial Corporation, dba Charter Funding, to open eight branch offices is approved
    First Magnus Financial Corporation, dba Charter Funding, is doing business as Charter Funding, including, but not limited to its marketing, advertising, signage, letterhead, business cards, and any other display of the name Charter Funding.
    3. As long as First Magnus Financial Corporation, dba Charter Funding, continues to use the name Charter Funding, First Magnus Financial Corporation, dba Charter Funding, will maintain its registration of the trade name Charter Funding with the Business Registration Division, Department of Commerce and Consumer Affairs.,

    NON-DEPOSITORY FINANCIAL SERVICES LOAN COMPANY (Less)

    http : // http://www.scribd.com/doc/96530951/First-Magnus-Fin-Corp-DBA-Charter-Funding-July-16-1996-DIVISION-OF-FINANCIAL-INSTITUTIONS

  2. First Magnus Charter Funding
    3281 E Guasti Road # 550
    Ontario, CA91761-7654
    Real Estate Credit
    909) 605-6333

    CHARTER FUNDING AND d/b/a STARWIN MORTGAGE SERVICES ‘Cease & Decesist State of Connecticut’ Howard F. Pitkin Banking Commissioner http://www.ct.gov/dob/cwp/view.asp?a=2246&q=396602 As of August 17, 2007, Respondent had failed to fund loans secured by a first or secondary mortgage on real property located in Connecticut that had been executed.

    First Magnus Fin Corp DBA Charter Funding July 16, 1996 DIVISION OF FINANCIAL INSTITUTIONS – Charter Funding dba Starwin
    Since November 9, 1998, First Magnus has been licensed as a mortgage broker by the Professional and Vocational Licensing Division, Department of Commerce and Consumer Affairs and does business as both First Magnus and Charter Funding

    First Magnus Financial Corporation dba Charter Funding
    Engage in the Business of a Non-Depository Financial Services Loan Company and Approval to Open
    Eight Branches,
    Pursuant to Chapter
    412 Hawaii Revised Statutes
    DIVISION OF FINANCIAL INSTITUTIONS
    DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
    STATE OF HAWAII

    DECISION AND ORDER REGARDING
    APPLICATION OF
    FIRST MAGNUS FINANCIAL CORPORATION,
    ______ DBA CHARTER FUNDING _____
    DIVISION OF FINANCIAL INSTITUTIONS
    DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
    STATE OF HAWAII
    335 Merchant Street, Room 221
    Post Office Box 2054
    Honolulu, Hawaii 96805

    corporate office
    603 North Wilmot Road, Tucson, Arizona 85711

    The officers and the directors of First Magnus are Chairman of the Board and Director Thomas Warren Sullivan, Sr.; President, Chief Executive Officer, and Director Gurpreet Singh Jaggi; Chief Operating Officer Karl Frederic Wentz Young; Divisional Vice President Clinton William Gaylord; and Vice President, Secretary, Treasurer, and Director Thomas Warren Sullivan, Jr.

    principally engaged in the origination and sale of residential mortgage loans, and operates 190 retail and wholesale offices in 24 states, including Hawaii.

    officers and directors of First Magnus are experienced mortgage bankers and have established a successful operating record in managing First Magnus

    First Magnus meets the capital requirements of HRS Section 412:3-306.

    Application of First Magnus Financial Corporation, dba Charter Funding, for a license to engage in the business of a non-depository financial services loan company in accordance with the provisions of HRS Chapter 412, Article 9 is hereby approved. Pursuant to HRS Section 412:3-503, the request by First Magnus Financial Corporation, dba Charter Funding, to open eight branch offices is approved
    First Magnus Financial Corporation, dba Charter Funding, is doing business as Charter Funding, including, but not limited to its marketing, advertising, signage, letterhead, business cards, and any other display of the name Charter Funding.
    3. As long as First Magnus Financial Corporation, dba Charter Funding, continues to use the name Charter Funding, First Magnus Financial Corporation, dba Charter Funding, will maintain its registration of the trade name Charter Funding with the Business Registration Division, Department of Commerce and Consumer Affairs.,

    NON-DEPOSITORY FINANCIAL SERVICES LOAN COMPANY

  3. Karl nails it. Jesus Christ . You Az people better be all over this.

  4. AZ update… we got screwed out of SB 1259 !

    http://www.youtube.com/watch?v=lfGwSBi_aUM&feature=player_embedded

    watch the death hearing!

  5. NO yield spread premium by a refinance can be assessed if loan was a modification of a prior false default debt —

  6. Our intial loan was with First Magnus Financial. How would this imformation affect homeowners who did business with this company. First Magnus Financial pay a yield spread premium to a company we did not have a contract to do business with.

  7. Hi,
    I had a construction loan from First Magnus Financial, Charter Funding at the time was the broker for Cobbs Homes. I still fighting, didn’t they open up as Stone Water Mortgage a few months later?

  8. […] Source: Livinglies’s Weblog […]

  9. Statutory authority is State specific / for a corporation is an entity created by one or more persons and granted a charter as legal recognition of a separate entity. The separate entity has its own rights, privileges, and liabilities distinct from those of its shareholders. A corporation exists only by virtue of law, and has only those powers conferred on it by statutes, its articles of incorporation, bylaws of the corporation,

    and the resolutions and decisions of its shareholders. etc etc etc ……for processing and service – What’s the interest here?

    Statutory Agent: Gerald G. Hawley
    Corporate Name:
    First Magnus Financial Corp. &First Magnus Liquidating Trust
    4909 North 44th Street
    Phoenix, AZ 85018
    Toll Free Number: (888) 744-5100
    Direct Number: (520) 618-9255
    Fax Number: (520) 901-7963

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