Archive for November, 2011

2012 Renewal

November 22, 2011

The 2012 NMLS Streamlined Renewal Process is underway. This year, over 16,000 companies and 115,000 state-licensed mortgage loan originators, holding licenses from one or more of the 58 state agencies using NMLS, are eligible to renew their licenses for 2012. Additionally, over 10,000 institutions and about 250,000 federally registered mortgage loan originators are eligible to renew their federal registration (roughly 100,000 MLOs are already registered through the end of 2012).

In just the first three weeks of the renewal period, a significant number of state licensees and federal registrants have completed the process. The percentage of companies and individuals who have submitted their renewal request as of November 19th is shown below. The renewal period ends December 31, but several state agencies have earlier deadlines for licenses. For more go to NMLS Renewal.

2012 renewal stats

NMLS Annual Conference

November 1, 2011

2012 Conference

The fourth NMLS Annual Conference & Training will be held in Scottsdale, Arizona on February 6-9, 2012. With over 400 attendees last year, the NMLS Annual Conference has become a must attend event for banks and nonbank companies that employ mortgage loan originators and are interested in state and federal mortgage supervision. The 2012 Conference will bring together state regulators from nearly all 50 states and U.S. Territories as well as federal regulators. Topics will include:

  • NMLS update – including the new MU Forms
  • CFPB update
  • Enforcement actions posting to NMLS
  • Expansion of NMLS to other industries
  • Development of a single State MLO SAFE Act test
  • NMLS Mortgage Call Report
  • Federal and state coordination on QRM, Loan Officer Compensation, SAFE Act, and more

For the full agenda, registration, hotel info and more details, go to NMLS Conference.