About the System
The Nationwide Mortgage Licensing System has been designed to
streamline the licensing process, improve supervision and increase
transparency in the mortgage industry. The NMLS will contain a single
record for each state regulated mortgage lender, broker, branch and
loan originator. This single record can be used to apply
for, amend, renew or surrender licenses in any participating
jurisdiction. For more information, view our interactive Overview
of the NMLS.
Getting Started
Which best describes you?
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State Licensing Resource Page
You can consult each state agency's transition plan and
jurisdiction-specific requirements on our State
Licensing Resource Page.
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News and Alerts
NMLS begins managing North Carolina Mortgage Servicer
License
The North Carolina Mortgage Lending Act was amended by S.L. 2008-228 (BB
2463) to include a Mortgage Servicer License type. Companies will need
to submit a Form MU1 through NMLS and choose the Mortgage Servicer
License type to apply for this license. NC licensed Mortgage Lenders are
authorized to service loans under their current mortgage lender license
and therefore are not required to obtain a separate Mortgage Servicer
License. For more information, see the North
Carolina Requirements Page. The full text of this regulation and a
summary are available on NC’s website at: www.nccob.org.
September 1st deadline has passed
The transition deadline of September 1, 2008 has expired for the
following states:
Idaho
Mississippi
Vermont
Washington (Consumer Loan
companies and branches only)
Current licensees in these states who missed the deadline should
consult their state’s Transition Plan for further instructions
(click on the state’s name above) and contact
their state regulator with any questions.
Indiana, Pennsylvania and Wyoming Announce Participation in
NMLS
Indiana Department of Financial Institutions, Pennsylvania Department of
Banking and Wyoming Division of Banking have issued announcements
indicating their participation on NMLS. Indiana and Wyoming will begin
accepting new applications and transition requests through NMLS starting
November 1, 2008. Pennsylvania will begin November 5, 2008 and will be
implementing their new loan officer licensing law through NMLS.
Licensees in all three states should obtain access to NMLS and begin
completing all necessary forms prior to November.
All current licensees in Indiana and Pennsylvania must have submitted
their transition request by December 31, 2008. All Wyoming licensees
must transition by March 31, 2009. For full details see each state's
Transition Plan: Indiana |
Pennsylvania |
Wyoming
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