Patty Draut

Consumer Complaint and Mortgage Broker

6002 Rogerdale, Suite 125
Houston, TX
77072

Office: (832) 613-9339
Cell: (832) 613-9439
Fax:
Email: pdraut@fcmchou.com

License: NMLS #380115

Patty Draut is a Senior Residential Loan Originator with First Continental Mortgage and has been in the industry for twenty years with experience in multiple areas of mortgage lending. Patty is originally from Rhode Island, where she started her career.  Over ten years ago Patty moved to the Lone Star State, where she continued to grow her business.   She has been with First Continental Mortgage for three years and is currently licensed in Texas, Florida and Nevada.  She has a passion for providing exceptional customer service and takes the time to understand her client’s needs in order to find the best mortgage solution. Patty treats each transaction as if it were her own, always keeping her clients best interest as her top priority. She realizes that her client’s home purchase is one of the biggest decisions in their lives.

Consumer Complaint and Mortgage Broker Recovery Fund Notice

PURSUANT TO THE REQUIREMENTS OF SECTION 157.007 OF THE TEXAS MORTGAGE BANKER ACT, CHAPTER 157, TEXAS FINANCE CODE, YOU ARE HEREBY NOTIFIED OF THE FOLLOWING: COMPLAINTS REGARDING A LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD BE SENT TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT www.sml.texas.gov.