MBA News Dec. 14, 2022

Today in MBA News: MBA Technology Solutions Conference & Expo ; TODAY: MBA Education Webinar, Ensuring HMDA Data Integrity and Common Reporting Issues; MBA Education School of Loan Origination; Annual NMLS Renewal Period. To read more, click on today’s MBA News headline.

MBA Technology Solutions Conference & Expo in San Jose Apr. 2-5

The Mortgage Bankers Association’s Technology Solutions Conference & Expo takes place Apr. 2-5 at the San Jose Convention Center.

We are excited to be taking MBA’s Technology Solutions Conference & Expo (TECH23) to Silicon Valley—the global hub of leading technology and innovation. In today’s evolving market, the pressure is on to gain efficiency and control costs. Bringing together the innovators, providers, lenders, and policy makers that lead the trends in mortgage tech, TECH23 is the forum to help your company survive and thrive. Join us in San Jose for the industry’s largest gathering focused on tech solutions that power single-family and commercial/multifamily real estate finance.

Register by Feb. 17 to save.

For more information and to register, click here.

MBA Education Webinar TODAY: Ensuring HMDA Data Integrity and Common Reporting Issues

MBA Education holds a Webinar, Ensuring HMDA Data Integrity and Common Reporting Issues, on Wednesday, Dec. 14 from 2:00-3:00 p.m. ET.

The Consumer Financial Protection Bureau has made it clear its priorities include regulation and enforcement of fair lending and racial equity issues. Since HMDA data is critical to analyzing fair lending, lenders should be prepared for additional scrutiny and emphasis on the accuracy of HMDA data.

Implementing a strong, comprehensive HMDA compliance program will help ensure the accuracy of your HMDA data, and in turn, should ensure the data portrays an accurate picture of your fair lending performance. Building a process that is sustainable and ensures data integrity continuously throughout the year requires a strong foundation.

Join MBA Education and industry experts to discuss strategies for ensuring HMDA data integrity, building a strong foundation, common HMDA errors to avoid, and what the data says about your fair lending performance and fair lending risk.

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.

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.