TopMortgage Compliance Update (1)
 

November 22, 2011

 


2012 NMLS Streamlined Renewal Process

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The Nationwide Mortgage Licensing System & Registry (NMLS) has provided a status of the 2012 NMLS Streamlined Renewal Process.

According to the NMLS, this year over 16,000 companies and 115,000 state licensed mortgage loan originators - holding licenses from one or more of the 58 state agencies using NMLS - are eligible to renew their licenses for 2012. 

Additionally, over 10,000 institutions and about 250,000 federally registered mortgage loan originators are eligible to renew their federal registration. At this time, approximately 100,000 Mortgage Loan Originators are already registered through the end of 2012.Back

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In the first three weeks of the renewal period, a significant number of state licensees and federal registrants have completed the process. 

The renewal period ends December 31, 2011, but several state agencies have earlier deadlines for licenses. 

The percentage of companies and individuals who have submitted their renewal request as of November 19, 2011 is shown below.
 
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  November 22, 2011
 
 
NMLS Renewals - 2012
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Lenders Compliance Group is the first full-service, mortgage risk management firm in the country, specializing exclusively in mortgage compliance and offering a full suite of hands-on and automated services in residential mortgage banking.

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