Number of licenses as of March 15, 2011
Congratulations! DFI and licensees just completed the third year of using the NMLS to renew mortgage licenses. Despite the challenges of having to meet SAFE Act requirements in order to renew, more than 1,500 company & branches and 5,600+ individuals successfully renewed licenses for this year. We especially thank compliance people who played a key role in ensuring successful renewals for their MLOs.
Hiring New Mortgage Loan Originators in 2011?
If you are planning on hiring new MLOs, hereís some important information to remember:
Contact DFI or NMLS?
While you submit your information and pay fees through the NMLS, DFI is still your regulator. The NMLS is a database designed to streamline the application, amendment and renewal process for licensees. The system does not make decisions. It merely reflects the information put into it by both regulators and applicants/licensees. If you have questions regarding how to navigate the NMLS system or how to schedule any of your requirements, you should contact the NMLS Call Center at (240) 386-4444. If you have questions about licensing requirements, laws or anything beyond system functionality, you should contact DFI at (360) 902-8703.
Mortgage Call Report-Coming in May 2011: Are you tracking the information you will need to successfully and easily complete the new Mortgage Call Report? If you arenít sure, now is the time to check out the Mortgage Call Report webpage on the NMLS Resource Center. This page contains valuable information this new report which must be filed quarterly, starting in 2011. Here are a few important highlights:
See 2011 Enforcement Actions at http://dfi.wa.gov/cs/adminactions_2011.htm