MBA News Dec. 22, 2022

Today in MBA News: MBA National Advocacy Conference; MBA Education School of Loan Origination; MBA Education School of Mortgage Banking III in Miami; NMLS License Renewal period ends Dec. 31. To read more, click on today’s MBA News headline.

MBA National Advocacy Conference in D.C. Apr. 18-19

The Mortgage Bankers Association’s annual National Advocacy Conference takes place Apr. 18-19 at the JW Marriott in Washington, D.C.

During MBA’s National Advocacy Conference, experience the largest advocacy event of the year focused solely on the issues facing you and the real estate finance industry. The 118th Congress needs to hear from you in 2023. As all bills will be re-entered for voting, this is the year to lend your voice. Get ready to listen, learn, and advocate.

MBA’s National Advocacy Conference is the only advocacy event focused solely on real estate finance issues. Through NAC23, we have one collective voice to influence major positive change for the real estate finance industry and the communities we serve. Join us for an impressive speaker lineup including elected officials and informative policy briefings, followed by meetings on Capitol Hill. Join us to advocate and educate your elected officials by showing them how impactful proposed legislation can be.

For more information and to register, click here. Register by March 6 and save.

MBA Education School of Loan Origination Begins Jan. 9

MBA Education’s popular School of Loan Origination instructor-guided online course begins Jan. 9, running through Feb. 2.

SOLO provides an in-depth working knowledge of how to originate residential mortgage loans. It begins with a historical perspective of how past practices led us to the current environment. It then teaches competencies on how to originate compliant and quality-based mortgage loans by focusing on minimizing risk of repurchases and reducing the number of “touches” on the file.

For more information and to register, click here.

MBA Education School of Mortgage Banking III in Miami Mar. 21-24

MBA Education presents its School of Mortgage Banking III in Miami Mar. 21-24.

School of Mortgage Banking III emphasizes long-term strategic planning in a mortgage-banking environment through an interactive, discussion-based, four-day session that includes an advanced computerized model-Advanced Interactive Mortgage Management (AIMM). Working in teams, students will develop a 5‐year strategic plan to bring a struggling mortgage company back to profitability while also positioning it for a strong future. Incorporating its vision for where the company can go economically, geographically, and technologically, each team will manage the company through eight quarters of varying economic conditions. The team’s strategic plan and the results of the computer simulation will be presented to the Board of Directors on the last day of the course.

SOMB III concludes with a graduation ceremony on Friday awarding successful and qualified participants their AMP designation. (Successful completion of SOMB I, II, and III results in your AMP designation).

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.