Washington, D.C. – The Conference of State Bank Supervisors (CSBS) announced this week Scott Corscadden, Supervisor of the Bureau of Loans for the Alabama State Banking Department, has been named NMLS Ombudsman.
As NMLS Ombudsman, Corscadden will provide the industry users of NMLS and other interested parties with a neutral venue to discuss issues or concerns regarding NMLS use and policies governing the Nationwide Multistate Licensing System. The objective of the NMLS Ombudsman is to foster constructive dialogue between industry users of NMLS and state regulators toward the mutual goal of modern and efficient financial services regulation.
Corscadden will concurrently serve as NMLS Ombudsman while fulfilling his duties with the Alabama State Banking Department where he supervises the licensing and examination of non-depository consumer finance vendors.
“Scott’s first-hand knowledge and experience with NMLS and in the financial services industry, both as a regulator and as general counsel, makes him a great choice to serve as the NMLS Ombudsman,” said Robert Entringer, Commissioner of the North Dakota Department of Financial Institutions and Chairman of the State Regulatory Registry (SRR), a subsidiary of CSBS and the operator of NMLS.
Prior to his position as supervisor, Corscadden served as general counsel for the Alabama State Banking Department. Corscadden represents the Alabama State Banking Department in its membership with CSBS, American Association of Residential Mortgage Regulators (AARMR), and NACCA. Corscadden is also a CSBS-Certified Mortgage Examinations Manager, member of the National Association of Consumer Credit Administration (NACCA) Continuing Education and Consumer Education Committees, and member of the Alabama Banking Law Continuing Legal Education Planning Committee. Corscadden holds a B.A. from the University of Alabama at Birmingham and a J.D. from the University Of Alabama School Of Law.
Corscadden succeeds Robert Niemi, former Deputy Superintendent for Consumer Finance at the Ohio Division of Financial Institutions. Niemi was preceded by Tim Siwy, former Acting Deputy Secretary of Non-Depository Institutions and Consumer Services for the Pennsylvania Department of Banking, who was preceded by the first NMLS Ombudsman, Deb Bortner, former Director of Consumer Services with the Washington Department of Financial Institutions.
More information on the NMLS Ombudsman can be found here.