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Action required Washington State Department of Financial Institutions WA Jul 26, 2026

Washington DFI consent order and statement of charges against Endronic Corp and Qian Wen

On July 13, 2026, Washington DFI's Division of Consumer Services posted a consent order with attached statement of charges against Endronic Corp, NMLS #71880, and Qian Wen, NMLS #81510. The matter was brought under the Mortgage Brokers Practices Act.

On July 13, 2026, Washington DFI's Division of Consumer Services posted a consent order with attached statement of charges against Endronic Corp, NMLS #71880, and Qian Wen, NMLS #81510. The matter was brought under the Mortgage Brokers Practices Act.

What changed

Washington DFI took a formal mortgage enforcement action against a company and an individual licensee under the state's mortgage broker law.

Compliance perspective

Mortgage companies and control persons licensed in Washington should review the action for issues involving sponsorship, supervision, disclosures, and conduct standards under the Mortgage Brokers Practices Act. Individual NMLS records and company-level controls both matter in this kind of case.

Key date

Effective date: July 13, 2026.

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    On July 13, 2026, Washington DFI's Division of Consumer Services posted a consent order with attached statement of charges against Endronic Corp, NMLS #71880, and Qian Wen, NMLS #81510. The matter was brought under the Mortgage Brokers Practices Act.

    Read explainer