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2016 Press Releases
Idaho Department of Finance Earns Banking Supervision Re-accreditation
California and Missouri Begin Using Uniform Mortgage Test; 50 State Agencies Now Using the Test
North Dakota Department of Financial Institutions Receives Certificate of Mortgage Accreditation
CSBS Names Jim Kurtzke Vice President of Communications
CSBS Announces 2016 Community Bank Case Study Competition Participants
SRR Releases 2015 Annual Report
Colorado Begins Using Uniform Mortgage Test; 51 State Agencies Now Using the Test
Gonzales Appointed to FFIEC State Liaison Committee
Scott Corscadden Named New NMLS Ombudsman
FFIEC Seeks Comments on Proposed Revisions
Financial Regulators Release New Appendix for Retail Payment Systems Booklet
Face Appointed to FFIEC State Liaison Committee
Lawson Elected as State Liaison Committee Chairman
Multi-State Non-Bank Supervision Groups Release Annual Reports
CSBS Releases 2015 Annual Report
12 Student Teams Named Finalists in 2016 Community Bank Case Study Competition
CSBS and MTRA Issue White Paper on State Supervision of MSBs
CSBS Announces New Leadership
Texas Department of Savings and Mortgage Lending Receives Mortgage Reaccreditation
CSBS Announces Winners of the 2016 Community Bank Case Study Competition
CSBS Chairman Challenges State and Federal Regulators to Work Together
Illinois Begins Using Uniform Mortgage Test; 52 State Agencies Now Using the Test
West Virginia Department of Financial Institutions Receives Banking Reaccreditation
FFIEC Issues Statement on Safeguarding the Cybersecurity of Interbank Messaging and Payment Networks
Statement on the Financial CHOICE Act
Statement on Introduction of the Bank Service Company Examination Coordination Act
New Call Report to Streamline Supervision of Money Services Businesses
Fed/CSBS 2016 Community Banking Research Conference to Be Held Sept. 28-29
FFIEC Invites Public Comment on Streamlined "Call Report" for Smaller Institutions
Fed/CSBS Announce Papers Selected for the 2016 Community Banking Research Conference
Financial Regulators Release Revised Information Security Booklet
White Paper Discusses Opportunities for Community Banks to Collaborate
NMLS Launches New Capabilities to Streamline State Licensing Processes
North Carolina Commissioner Ray Grace Appointed
CSBS Releases Second Quarter NMLS
Federal Financial Institutions Examination Council Announces Availability of 2015 Data on Mortgage Lending
Federal Reserve and CSBS Release Findings from 2016 National Survey of Community Banks
Washington Department of Financial Institutions Earns Bank, Mortgage Accreditation
CSBS-Federal Reserve Research Conference Describes the Value and Business Prospects of Community Banks
FFIEC Announces Webinars in Observance of Cybersecurity Awareness Month
Maryland Office of the Commissioner of Financial Regulation Receives Accreditation of Mortgage Supervision Program
CSBS Names Tom Bayer Executive Vice President and Chief Information Officer
FFIEC Issues Frequently Asked Questions Guide on the Cybersecurity Assessment Tool
Third Annual “Your License is Your Business Campaign” Launches Today
CSBS Releases Map of State Requirements for Opening Bank Accounts for Minors
FFIEC Issues Uniform Interagency Consumer Compliance Rating System
State Regulators Oppose OCC Fintech Charter
State Regulatory Group Announces New Cyber Certification Program for Bank Examiners
Statement by the Conference of State Bank Supervisors on Comptroller’s Announcement of New Federal Charters
2017 NMLS Renewal Campaign “Your License is Your Business” Off to Strong Start
FFIEC Streamlines “Call Report” for Small Institutions
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Media Release

Conference of State Bank Supervisors
        1129 20th Street, NW, 9th Floor, Washington, DC, 20036

 2017 NMLS Renewal Campaign “Your License is Your Business” Off to Strong Start   

  Number of Mortgage License Renewal Approvals Up from Last Year  

Washington, D.C. – The 2017 renewal period for the Nationwide Multistate Licensing System (NMLS or the System) is off to a strong start, with the number of renewal approvals up from 2015, announced the State Regulatory Registry LLC (SRR), owner and operator of the NMLS, and a subsidiary of the Conference of State Bank Supervisors (CSBS).

As of November 30, nearly 63 percent of the 581,000 licenses managed within NMLS had been submitted for renewal, and more than half of those renewal applications (230,000) have been approved for 2017. This is an increase of approximately 33,500 license approvals compared to this same time last year.

More specifically, as of December 1, over 16,000 companies, 24,500 branches, and 189,000 individual licenses have had their renewal applications approved.

“Throughout November, the renewals process has been very robust, and state regulators continue to encourage non-depository entities to submit annual renewal requests as soon as possible to increase the likelihood of having licenses approved by December 31,” said Sue Clark, Director, Regulatory and Consumer Affairs for the Vermont Department of Financial Regulation and Chair of the NMLS Policy Committee.  

Current renewal facts, as of November 30, 2016:

68 percent (6,698) of financial institutions have requested renewal;

84 percent (316,908) of federal registrants have successfully renewed;

61.9 percent (289,554) of individual license holders have requested renewal and 65.5 percent of those have been approved;

As a percentage of renewable licenses, the number of individuals to request renewal is one percent higher than in 2015;

68 percent (88,503) of state-licensed mortgage loan originators (MLOs) have completed annual continuing education; and

NMLS system enhancements and recent changes to the NMLS Resource Center have resulted in an eight percent decrease in volume to the NMLS Call Center, which has resulted in a significant decrease in the amount of time it takes for callers to get their calls answered.

With the “Your License is Your Business” renewal campaign, SRR seeks to educate businesses and individuals holding more than 581,000 licenses managed in NMLS that by submitting renewal requests in early they greatly reduce the likelihood of a license being terminated on January 1, 2017.  

More information about renewing through NMLS can be found on the Annual Renewals page of the NMLS Resource Center. NMLS’ Renewal Video also provides key information related to the renewal process.

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