NMLS Launches 2018 Licensing Renewal Effort

The Nationwide Mortgage Licensing System’s 2018 Streamlined Renewal Process begins November 1 and ends December 31.  

Licensed Mortgage Loan Originators and companies around the country began receiving communications encouraging them to begin the process of renewing their licenses for 2018. The NMLS makes clear that every effort should be made to submit license renewals before November 30.   

For a list of state regulator renewal deadlines, requirements, renewal fees and more, see the Annual Renewal Page on the NMLS Resource Center (http://csbs.org.bmetrack.com/c/v?e=BC0684&c=5AC5F&t=0&l=80C905&email=WXK9zh7tKFOxVpLX4BtWJQ==).  

Consult the Renewal Handbook, located on the NMLS Resource Center, for assistance (http://mortgage.nationwidelicensingsystem.org/slr/common/renewals/Pages/default.aspx). Companies may be prevented from renewing if all license requirements are not met. Failure to update your record prior to the November 1 start of the NMLS Streamlined Renewal Process may delay approval of the company license renewal.  

Reminder: Users that have not logged in to NMLS this quarter must review their user profile the next time they log in. Any user who has not entered their title/position held at the company associated with their user account will be required to do so when reviewing their profile.  

MLOs should be working now to complete their continuing education requirements, and can review this flow chart for a quick reminder on the renewal process: http://mortgage.nationwidelicensingsystem.org/slr/common/renewals/NMLS Document Library/MLO Renewal Work Flow.pdf.  

For more information, contact William Kooper (202) 557-2737 wkooper@mba.org.