MBA News Dec. 23, 2022

Today in MBA News: MBA National Advocacy Conference; MBA Education School of Mortgage Banking I online; MBA Education Future Leaders Program; NMLS License Renewal period ends Dec. 31. To read more, click on today’s MBA News headline.

MBA Independent Mortgage Bankers Conference Jan. 23-26 in Coronado, Calif.

IMB23, the Mortgage Bankers Association’s Independent Mortgage Bankers Conference, takes place Jan. 23-26 at the Hotel del Coronado in Coronado, Calif.

IMB23 is the largest industry event designed exclusively for IMB executives and leadership of all sizes and business models. It’s the place to build your relationships, learn from other IMBs and hear customized and curated programming focused on topical issues of the moment. Your peers shape the program, uniquely positioning us to help you and your trusted advisors prepare for the changing market.

For more information and to register, click here.

MBA Education School of Mortgage Banking I Online Begins Jan. 9

MBA Education presents its popular School of Mortgage Banking I online from Jan. 9-Feb. 2.

MBA Education’s School of Mortgage Banking I emphasizes the interrelated roles of the functions within a residential mortgage banking firm and the relationships of the various institutions and agencies throughout the real estate finance industry. This course provides a foundation in residential loan production, secondary marketing, warehouse lending and servicing. It also presents an overview of associated disciplines essential to a complete understanding of mortgage banking, including ethics, regulatory compliance, real estate law, loan products, quality assurance, quality control and fraud detection.

Note: Students who intend to acquire their AMP designation need to first complete SOMB I and pass the exam, then complete SOMB II and pass the exam. Students who are not working toward AMP designations do not need complete SOMB I to enroll in SOMB II.

For more information and to register, click here.

Registration for MBA Education Residential Future Leaders Program Now Open

Registration for MBA Education’s Residential Future Leaders Program is now open; registration deadline is Feb. 4.

MBA Education’s Residential Future Leaders Program is the only nationally recognized program for executive leadership development in our industry that delivers a comprehensive curriculum for selected managers who have shown leadership interests and abilities. This program gives you the opportunity to enhance your skills through three hands-on sessions geared toward political activism; business analysis and problem-solving; and experiential learning through collaboration, networking and peer group interaction.

For more information and to register, click here.  

State Regulators Encourage Licensees to Prepare for the NMLS Renewal Period

The Conference of State Bank Supervisors encourages state licensees to begin taking steps to prepare for the Nationwide State Licensing System license renewal period. CSBS and state regulators urge licensees to update their NMLS record to ensure accuracy, reset NMLS passwords to meet the new March requirements, verify that a current email address is provided to receive system updates, be aware of any new state-specific renewal requirements, and to complete available training to be familiar with the renewal process.

Information on NMLS renewal is available on the Annual Renewal page of the NMLS Resource Center ( The NMLS renewal period for state licenses began Nov. 1 and ends at midnight ET on Dec. 31.

State-licensed MLOs must also have completed annual continuing education requirements to renew their licenses. 

Federally registered MLOs and institutions must also renew their registrations via NMLS by Dec. 31. More information for federal registrants is available on the NMLS Federal Registry Resources page.

More than 261,000 mortgage loan originators and companies are licensed to conduct business, accounting for nearly 1.1 million state licenses to be renewed. There are nearly 21,000 more MLOs eligible to renew their licenses than this time last year. In addition, the number of individual state licenses eligible for renewal is 13 percent higher than the same time last year, while the number of company licenses eligible for renewal is up 16 percent compared to this time last year.  

“We recommend that licensees do a bit of housekeeping and take advantage of trainings and other resources to get their questions answered in advance of starting the renewal process,” said Kelly O’Sullivan, chair of the NMLS Policy Committee and deputy commissioner of the Montana Division of Banking and Financial Institutions. “This is especially important for the nearly 20,000 licensees who will be renewing for the first time. We want to make sure that they are taking steps now to ensure a smooth renewal process.” 

Effective Oct. 17, licensees as well as federal registrants can submit an online support request form to resolve certain NMLS access issues including password resets or locks, and email address changes to facilitate the renewal process upfront.

MBA members are encouraged to review and complete company and mortgage loan originator license renewals when the window opens to avoid interruptions to business operations.

For more information, contact Kobie Pruitt at (202) 557-2870.