A New Nationwide Mortgage Licensing System

The Mortgage Banker's Association announced the new Nationwide Mortgage Licensing System today; the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) are the owners of the new venture.

The intended aim?

The NMLS will bring greater uniformity and transparency to the mortgage industry while maintaining and strengthening the ability of state regulators to monitor the industry and protect their citizens. -- (Quoted from www.stateregulatoryregistry.org)

States that are currently participating in the new venture...

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