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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
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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
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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
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Illinois Begins Using Uniform Mortgage Test; 52 State Agencies Now Using the Test
West Virginia Department of Financial Institutions Receives Banking Reaccreditation
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NMLS Launches New Capabilities to Streamline State Licensing Processes
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Federal Reserve and CSBS Release Findings from 2016 National Survey of Community Banks
Washington Department of Financial Institutions Earns Bank, Mortgage Accreditation
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2017 NMLS Renewal Campaign “Your License is Your Business” Off to Strong Start
FFIEC Streamlines “Call Report” for Small Institutions
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 12/8/2016 

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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