WASHINGTON, D.C.-- On behalf of state regulatory agencies participating in the Nationwide Mortgage Licensing System (NMLS), the State Regulatory Registry LLC announced today that it is seeking input on the questions that are being proposed for the NMLS Uniform Annual Report.
Approximately 36 state agencies collect some form of an annual report containing information about origination, funding, and servicing volumes from their mortgage company licensees. These annual reports are used by state regulators for a variety of reasons, including calculating assessments, scheduling exams, determining compliance, and generating reports on mortgage activity within a state.
In Spring 2009, NMLS will incorporate functionality that will allow state agencies to collect annual report information from state-licensed mortgage companies. The NMLS Residential Mortgage Regulator Taskforce (RMRT) has developed uniform questions and supporting definitions to be used across NMLS participating states. The goal of these questions is to provide consistent and useful data for NMLS participating state agencies.
The proposed NMLS Uniform Annual Report questions and complete information about submitting comments on the questions can be found on the NMLS Website: http://www.stateregulatoryregistry.org/AM/Template.cfm?Section=Comments.
The comment deadline is Monday, August 11, 2008.