The Nationwide Mortgage Licensing System (“NMLS”) is the result of a collaborative effort among state regulators to bring greater efficiency and accountability to the supervision of the mortgage industry.  The Conference of State Bank Supervisors (CSBS ) in cooperation with the American Association of Residential Mortgage Regulators (AARMR ) established the NMLS to streamline licensing and other processes for state agencies and the industry through the use of modern technology and centralizing redundant state agency operations.

NMLS is a secured, Web-based system that will allow state licensees to apply for, amend, update or renew licenses for the District of Columbia as well as other participating states through the use of one online record in the NMLS, regardless of the number of licenses held or the number of states in which the entities operate.  Each licensed company will have access to its record in the system, allowing it to conveniently view license information, apply for new licenses, amend existing licenses and renew or surrender licenses throughout the year.

Licensees will have access to the system 362 days a year, seven days a week with operational assistance available through a national call center. Applicants will need a high-speed Internet connection to access the system. 

 

The District of Columbia intends to commence use of the Nationwide Mortgage Licensing System (NMLS) on August 1, 2009, however all renewals through December 31, 2009 will be completed through the existing mortgage licensing process.  All DISB licensees must register with the NMLS between August 1, 2009 and October 31, 2009.