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Join the Krewe at NMLS

The NMLS Conference is coming to New Orleans in early February, so join the regulatory ‘krewe’ in the Big Easy.  A krewe is an organization that stages a parade during Carnival season, which ends with Mardi Gras. Also known as Fat Tuesday, Mardi Gras is not until after our conference, but there will be five krewes staging parades while we are in N’awlins sporting our purple, green, and gold.

The colorful parade lineup of training, updates, and networking is available on the NMLS resource page. The benefit of the conference is the weeklong networking. The schedule provides ample time to network with your peers and regulators. The Meet Your Regulator Breakfast is only one portion, and plenty of networking lagniappe along the way too. ‘Lagniappe’ is Cajun for a little something extra.

Day One Focus: TRAINING

The first day is designed as a primer for new users but also a refresher on how to become state-licensed including completion of the company, individual, and branch forms. The afternoon sessions will offer training sessions on managing your originator licenses and an in-depth session on criminal background checks with an FBI trainer.

Day Two Focus: PREVIEW

The system is going live in 2018, and the conference will provide multiple glimpses and demonstrations into the new system. NMLS 2.0 is boasting ‘robust’ account creation process with benefits like single login for a user across multiple entities and a streamlined process for users to reset their accounts.

No one has ever called NMLS the big easy, but NMLS 2.0 is presented as ‘simply better’ and a more focused system. The sessions’ descriptions assert phrases like, ‘efficiency and effectiveness’ and ‘user-friendly interface’ and ‘intuitive navigation’ when describing the capabilities of 2.0. However, the most aggressive may be the use of ‘allow states to coordinate’ on a new process for Change in Control.

While needed, that statement may be the most benefit to industries and toughest to back up with action required at the state agency level. The State Examination System and Examination Best Practices sessions will help define these statements. The Federal Trade Commission will share details on its plans with the system.


The last full day features some repeat sessions and more updates. Not all sessions are NMLS based: breakout sessions will include Legislative and Regulatory updates; BSA/AML compliance reporting updates; FHA and VA audit issues; and, initiatives for S.A.F.E. Act/MLO mortgage testing and education. Electronic Surety Bonds will have a breakout session to discuss new functionality in NMLS 2.0. One great looking session is the Managing Regulatory Compliance for Today’s Companies. This panel of compliance experts will lead an open discussion on challenges they face and resources they use in today’s regulatory world.

Day Four: VOICE

The Friday half-day session is an open to an any and every one discussion to address NMLS questions, concerns, and direction. The NMLS Ombudsman Meeting with host Scott Corscadden of Alabama will conclude the conference once again. The content flow of this meeting will be  based on the voice of those in attendance.

Thus, you need to be there and represent your krewe. But, don’t leave before savoring a beignet at Café Du Monde – trust me!

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