WASHINGTON, D.C. – January 23, 2015 – (RealEstateRama) — The Conference of State Bank Supervisors (CSBS) will host the seventh NMLS Annual Conference and Training February 16-19 in San Diego, Calif.
The Conference is one of the largest gatherings of state non-depository regulators and industry participants in the United States. It is designed for both new and experienced users of NMLS and attended by state and federal regulators, licensees, and registrants of all types, including consumer lenders, mortgage service businesses and debt companies.
“NMLS has proven to be an effective mortgage supervision tool; and with its expansion, it is helping to enhance the oversight of other non-depository consumer financial services providers,” said CSBS Executive Vice President Bill Matthews. “As such, we continue to add programming to the NMLS Conference that is aimed at these non-mortgage industries.”
More than 30 sessions covering a wide range of NMLS and supervision issues will be covered at the NMLS Conference, including an update on regulatory and judicial actions in the debt collection industry; proposed changes to the MSB Call Report, an overview of examinations and enforcement actions concerning the mortgage industry; changes to NMLS Consumer Access; and sessions devoted to helping users better understand and make use of enhancements to NMLS.
One of the highlights of the annual Conference is the NMLS Ombudsman Meeting, which serves as an opportunity for NMLS users to engage in dialogue with regulators and to raise issues concerning NMLS or the state regulation of financial services managed in NMLS.
“The NMLS Ombudsman Meeting has grown to become one of our most highly attended sessions at the Conference, and for obvious reasons,” said Bob Niemi, NMLS Ombudsman and Deputy Superintendent for Consumer Finance at the Ohio Division of Financial Institutions. “This meeting provides NMLS users the opportunity to engage in an open dialogue with regulators and it’s an opportunity for licensees and registrants to share their views with regulators.”
Attending the Conference this year will be more than 100 regulators from 57 state agencies and several federal agencies, including the Consumer Financial Protection Bureau, the Financial Crimes Enforcement Network, the Federal Housing Administration, the Department of Veteran Affairs and the Federal Trade Commission.
A full agenda and registration for the conference is available here.
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The Conference of State Bank Supervisors (CSBS) is the nationwide organization of banking regulators from all 50 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands. State banking regulators supervise nearly 5,100 state?chartered financial institutions. Further, most state banking departments also regulate a variety of non-bank financial services providers, including mortgage lenders. For more than a century, CSBS has given state supervisors a national forum to coordinate supervision of their regulated entities and to develop regulatory policy. CSBS also provides training to state banking and financial regulators and represents its members before Congress and the federal financial regulatory agencies.
The Nationwide Mortgage Licensing System and Registry (NMLS) is a web-based system that allows state-licensed non-depository companies, branches, and individuals in the mortgage, consumer lending, money services businesses, and debt collection industries to apply for, amend, update, or renew a license online for all participating state agencies using a single set of uniform applications. Mortgage loan originators employed by insured depository institutions are also registered through NMLS. NMLS brings greater uniformity and transparency to these non-depository financial services industries while maintaining and strengthening the ability of state regulators to monitor these industries and protect their citizens. NMLS began operation on January 2, 2008. All individual mortgage loan originators are represented in the system.