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NMLS announces federal criminal background check processing for LOs
The Nationwide Mortgage Licensing System and Registry (NMLS), a mortgage licensing system owned and operated by state financial regulators, will begin processing federal criminal background checks for...
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Hawaii Becomes the Last State to Join the NMLS
Less than 34 months after its official launch, all 50 states have joined the Nationwide Mortgage Licensing System and Registry (NMLS). Hawaii became the last state to join the NMLS, thereby ensuring...
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Consumer Mortgage Bureau Announces Two New Professional Designation Programs
The Consumer Mortgage Bureau is pleased to announce that they have developed two new designation programs to define the mortgage industry in the wake of the SAFE Mortgage Licensing Act of 2008: the...
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Are You Really SAFE From Predatory Mortgage Originators?
Since the passage of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), states and governing agencies have been scrambling to enact new laws and amend existing procedures...
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HUD to Collect Unique Identifiers Assigned by the NMLS
The Federal Housing Administration (FHA) has released Mortgagee Letter 2011-04 informing mortgagees that the U.S. Department of Housing & Urban Development (HUD) will begin collecting the unique...
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Agencies Announce Initial Registration Period Under SAFE Act's MLO Provisions
The federal bank, thrift and credit union regulatory agencies, along with the Farm Credit Administration, have announced that the Nationwide Mortgage Licensing System and Registry (NMLS) have begun...
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Lenders Compliance Group Launches Risk Management Firm Geared Toward Brokers
Lenders Compliance Group Inc. (LCG) has announced the formation and launch of Brokers Compliance Group (BCG), a full-service, mortgage risk management firm specializing in outsourced mortgage...
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Indecomm Grows State License Approvals With the Additions of CA and MD
Indecomm Global Services has expanded the number of states in which it is licensed with the additions of the states of Maryland and California. Being licensed ensures that Indecomm’s lender support...
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