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- NMLS ID # in Lender Promo | For Bankers. From Bankers
Our lenders are being featured on social media with a basic picture of themselves and what branch they operate from The marketing department listed the lender's NMLS ID # in the promo ad which the Act doesn't prohibit: [i]MLO unique identifiers may be used on written materials or promo
- When to terminate | For Bankers. From Bankers
We have several employees that are registered on the NMLS and have NMLS#'s that were currently laid off When we lay someone off is that considered termination under the NMLS and their # should be terminated? Our internal system puts them into a suspended account until their severance is
- SAFE Act - Bankers Online
SAFE Act Social Media and Ad Disclosures 10 29 2023 Posts on the bank's social media (Facebook) that mention "our residential lending team" but include no mention of rates, terms, etc , do we need to include our NMLS number and EHL logos? Updating Inactive NMLS 12 11 2022 Does an "inactive" NMLS record need to be maintained and updated?
- Providing NMLS ID # | For Bankers. From Bankers
Reading through the requirements I cant find where the NMLS# HAS to be on the business cards or emails I see where it has to be included with any written communication Can anyone give me a reference where to find the exact requirements of where all it needs to be?
- NMLS ID # on Original Application | For Bankers. From Bankers
Discussion on including NMLS ID on original loan applications and its implications for banking professionals
- NMLS Originator Name | For Bankers. From Bankers
I am conducting an audit relating to the FACT Act I have found two originators using different names on the loan documents than the actual name on the NMLS registry For instance the NMLS registry shows the name as William A James and the loan documents shows Bill James Should I show t
- Reminder on NMLS fee increases - Bankers Online
The Conference of State Bank Supervisors, which operates the NMLS, has issued a reminder of NMLS processing fee increases affecting both its state licensure and federal registration processing The increases will be effective March 1, 2025
- NMLS | For Bankers. From Bankers
I know is required for all MLOs to have their NMLS number on business cards, email signature and in residential loan documents where it's required to show However, the list of MLOs on the banks website I don't recall it needs to be there An auditor is siting it as a finding
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