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AARMR’d and Dangerous

The annual American Association of Residential Mortgage Regulators Regulatory Conference was held in San Antonio with record attendance. The event was highlighted by the Ombudsman meeting, Cyber Security discussions, need for coordination and more from State and Industry points of view. The event again provided unique opportunities to meet industry …

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Saddle Up and Join Us Deep in the Heart of Texas!           

The American Association of Residential Mortgage Regulators (AARMR) Annual Regulatory Conference, the Mortgage Compliance Professionals Association of America (MCPAOA) Workshop, and the NMLS Ombudsman Meeting all are coming to the Hyatt Regency San Antonio the week of July 31. Even for a state as vast as Texas, this may be …

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Ch-Ch-Ch-Changes

Mortgage companies have seen many changes, but one of the most confusing may be one of their own creation: when a company contemplates a change in ownership and investigates the options to effect this change. This process can be confusing when you review the notice periods and individual state notice …

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Data to Grow On

Data to Grow On The Mortgage Industry Report for 2016 was recently posted on the NMLS Resource Center with some good news. This report is published annually and compiles the data concerning those people and entities in the NMLS who conduct mortgage activities. This information is made available for your …

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NMLS 2.0 Development Update

NMLS 2.0 development is off to a renewed start. Sharing my comment from the Ombudsman Meeting in Austin might make you believe I am negative on that—but not so. The statement was made in response to comments issues that will be addressed by NMLS 2.0. While there are many challenges …

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Headlines in NMLS News

The NMLS and Agency News detailed on the NMLS Resource Center will keep you up-to-date. Many of the stories may not be mortgage-specific, but this information will keep you in the know on system expansion, maintenance updates, and more valuable news. Arkansas is 54th State to Adopt the UST: The …

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Austin City Limits – NMLS Conference

The Ninth Annual NMLS Conference will visit the capital of Texas February 13-16. Attendees might wonder about the city’s unofficial motto:“Keeping Austin Weird.” Austin is known for a unique blend of music and culture, but the city’s official slogan is “The Live Music Capital of the World.” The unusual may …

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How long should a comment period on proposed NMLS changes last?

There has been no standard comment period in the 23 public comment periods the NMLS started in 2008. Change is a constant, and updates, improvements, and modifications are necessary to the NMLS. But for every change intended, there may be an unintended impact. Defining the public process, responsibilities, and procedures …

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Santa’s Not the Only One with a Naughty List

Making a list and checking it twice, going to find out who’s naughty and… who has not completed their continuing education for 2016. Yes, December is that time of year for checking on your originators to see who has been naughty and nice. The numbers get a little better every …

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From the Desk of the Om-Bobs-Man: MU2 for CBC?

“Om-Bobs-Man” is the nickname Bob Niemi earned while serving as the NMLS Ombudsman in 2014 and 2015. Bob is a former Ohio state regulator and now an expert consultant on NMLS and state regulatory matters. As part of a recent amendment to the SAFE Act (Secure and Fair Enforcement for …

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