Archive for February, 2011

NMLS Federal Registration is Open for Business

February 1, 2011

The federal agencies have issued a joint press release announcing the opening of the NMLS Federal Registry. Institutions and mortgage loan originators who are covered by the federal agencies’ Final Rule can begin getting accounts and submitting registration filings in NMLS.

MLOs who work for these institutions should wait to hear from their employer because the workflow chosen by the employer will affect what steps the MLO will need to take.

MLOs who already have an NMLS account, and now need to acquire a federal registration, do not need to get a new NMLS account. They just need log in and grant their employer access to their record.

For more information, see Federal Registration.