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WATSON MORTGAGE CORP. - Florida Company Profile

Company Details

Entity Name: WATSON MORTGAGE CORP.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

WATSON MORTGAGE CORP. is structured as a Domestic Profit Corporation, which, in Florida signifies a Profit Corporation (also known as a C-Corporation). This business structure is recognized as a separate legal entity from its owners. This offers shareholders the benefit of limited liability protection, safeguarding their personal assets from the corporation's debts and obligations, and facilitates raising capital through the issuance of stock. In Florida, Domestic Profit Corporations are governed by Title XXXVI, Chapter 607, Florida Statutes – Florida Business Corporation Act.

Status: Active

The business entity is active. This status indicates that the business is currently operating and compliant with state regulations, suggesting a lower risk profile for lenders and potentially better creditworthiness.

Date Filed: 01 Aug 1994 (31 years ago)
Last Event: NAME CHANGE AMENDMENT
Event Date Filed: 19 Dec 1997 (27 years ago)
Document Number: P94000056713
FEI/EIN Number 593256287

Federal Employer Identification (FEI) Number assigned by the IRS.

Address: 4685 Sunbeam Rd, SUITE 1, JACKSONVILLE, FL, 32257, US
Mail Address: 4685 Sunbeam Rd, Ste. 1, JACKSONVILLE, FL, 32257, US
ZIP code: 32257
County: Duval
Place of Formation: FLORIDA

Legal Entity Identifier

LEI number Registered As Jurisdiction Of Formation General Category Entity Status Entity created at
549300YLA2LNEYNOLN85 P94000056713 US-FL GENERAL ACTIVE -

Addresses

Legal C/O WATSON III, WILLIAM A, 6206 Atlantic Blvd., Suite 1, JACKSONVILLE, US-FL, US, 32211
Headquarters 6206 Atlantic Boulevard, Suite 1, Jacksonville, US-FL, US, 32211

Registration details

Registration Date 2017-11-08
Last Update 2023-08-04
Status LAPSED
Next Renewal 2020-07-01
LEI Issuer 5493001KJTIIGC8Y1R12
Corroboration Level FULLY_CORROBORATED
Data Validated As P94000056713

Key Officers & Management

Name Role Address
WATSON WILLIAM I Chief Executive Officer 4685 SUNBEAM RD., STE. 1, JACKSONVILLE, FL, 32257
WATSON JENNIFER P Secretary 4685 SUNBEAM RD., STE. 1, JACKSONVILLE, FL, 32257
DICLEMENTE MICHAEL Chief Operating Officer 4685 SUNBEAM RD., STE. 1, JACKSONVILLE, FL, 32257
WATSON III WILLIAM A Agent 4685 Sunbeam Rd., JACKSONVILLE, FL, 32257

Events

Event Type Filed Date Value Description
REGISTERED AGENT ADDRESS CHANGED 2024-03-23 4685 Sunbeam Rd., Suite 1, JACKSONVILLE, FL 32257 -
CHANGE OF PRINCIPAL ADDRESS 2023-10-16 4685 Sunbeam Rd, SUITE 1, JACKSONVILLE, FL 32257 -
CHANGE OF MAILING ADDRESS 2023-10-04 4685 Sunbeam Rd, SUITE 1, JACKSONVILLE, FL 32257 -
REGISTERED AGENT NAME CHANGED 2015-03-23 WATSON III, WILLIAM A -
NAME CHANGE AMENDMENT 1997-12-19 WATSON MORTGAGE CORP. -

Documents

Name Date
ANNUAL REPORT 2024-03-23
ANNUAL REPORT 2023-03-20
ANNUAL REPORT 2022-04-20
ANNUAL REPORT 2021-03-15
ANNUAL REPORT 2020-03-19
AMENDED ANNUAL REPORT 2019-07-08
ANNUAL REPORT 2019-03-18
ANNUAL REPORT 2018-03-09
ANNUAL REPORT 2017-03-07
ANNUAL REPORT 2016-03-08

CFPB Complaint

Complaint Id Date Received Issue Product
2636300 2017-07-21 Applying for a mortgage or refinancing an existing mortgage Mortgage
Issue Applying for a mortgage or refinancing an existing mortgage
Timely Yes
Company Watson Mortgage Corp.
Product Mortgage
Sub Product Conventional home mortgage
Date Received 2017-07-21
Submitted Via Web
Company Response Closed with monetary relief
Consumer Disputed N/A
Date Sent To Company 2017-11-03
Complaint What Happened I applied for a mortgage with the First Time Home Buyers Assistance Program with XXXX XXXX of Watson Mortgage. I was transparent with him about that fact that my previous home had been foreclosed three years prior. He told me I still qualified. He had me go through the entire process which included placing an offer on a home, paying for the inspection, credit report and appraisal which totaled {$940.00}. When it came to the last two weeks ( at this point I was two months into the process ) he notified me that my income was too high for the down payment assistance program. He said the reason for this was that my loan had to be changed from an FHA to a Conventional due to the foreclosure ( which I had told him about during our very first conversation two months prior ). Without the down payment assistance I was not able to purchase the home. He was aware during the entire process that I would n't be able to purchase the home without the assistance. I spoke with XXXXXXXX XXXX superior who informed me that although XXXX was wrong in putting me through the process, he would not be refunding my expenses. At that point he gave me his superiour 's name and phone number. I called and left a voicemail but he has yet to return my call.
Consumer Consent Provided Consent provided

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
6018207001 2020-04-06 0491 PPP 6206 ATLANTIC BLVD Suite 1, JACKSONVILLE, FL, 32211-7507
Loan Status Date 2021-08-07
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 525000
Loan Approval Amount (current) 525000
Undisbursed Amount 0
Franchise Name -
Lender Location ID 88793
Servicing Lender Name First Federal Bank
Servicing Lender Address 4705 W US Hwy 90, LAKE CITY, FL, 32055-4884
Rural or Urban Indicator U
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address JACKSONVILLE, DUVAL, FL, 32211-7507
Project Congressional District FL-05
Number of Employees 35
NAICS code 522310
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Subchapter S Corporation
Originating Lender ID 88793
Originating Lender Name First Federal Bank
Originating Lender Address LAKE CITY, FL
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 531650
Forgiveness Paid Date 2021-07-23

Date of last update: 01 Apr 2025

Sources: Florida Department of State