Washington, DC – January 15, 2012 – (RealEstateRama) — The fifth NMLS Annual Conference and Training will be held February 26 to March 1, 2013 in San Antonio, Texas. The Conference, which is open to media, is designed for both new and experienced users of the Nationwide Mortgage Licensing System and Registry (NMLS) and is attended by state and federal regulators, licensees, registrants, members of the media, education providers, and other interested parties. The Conference provides an invaluable exchange of information among NMLS users.
Some highlights of the Conference agenda include:
- NMLS Ombudsman Meeting. Timothy Siwy, Deputy Secretary of Non-Depository Institutions for the Pennsylvania Department of Banking and Securities, serves as NMLS Ombudsman. The NMLS Ombudsman Meeting is an opportunity for any NMLS user to raise issues concerning NMLS or state regulation of financial services managed on NMLS.
- State and Federal Collaboration: Paul Sanford, Acting Assistant Director of Supervision Examinations at the Consumer Financial Protection Bureau (CFPB), will offer his thoughts on the necessity of state-federal supervisory coordination.
- NMLS Today and Tomorrow. Bob Entringer, Commissioner of the North Dakota Department of Financial Institutions and Chairman of the State Regulatory Registry LLC (SRR), David Cotney, Commissioner of the Massachusetts Division of Banks, and Bill Matthews, President and CEO of SRR, will discuss NMLS developments, such as expansion to other non-depository financial services providers and the development of a uniform state test for mortgage loan originators seeking a state license.
- Lunch Speech by Ian Jukes. A teacher, administrator, writer, consultant, university instructor and keynote speaker, Ian Jukes is the Director of InfoSavvy Group, an international consulting group.
To date, 330 attendees have registered, including state regulators from 48 states and Puerto Rico.
To register, go here.
Catherine Woody, Senior Director of Communications, or 202.728.5733
Rockhelle Johnson, Manager of Communications, or 202.407.7156
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 5,350 state?chartered financial institutions. Further, most state banking departments also regulate a variety of non-bank financial services providers, including mortgage providers. 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.
A subsidiary of the Conference of State Bank Supervisors (CSBS), the State Regulatory Registry LLC (SRR) is a non-profit entity that operates the Nationwide Mortgage Licensing System and Registry (NMLS) on behalf of state financial services regulatory agencies. SRR is governed by an eight-member Board of Managers comprised of state banking and financial regulators and a representative of the American Association of Residential Mortgage Regulators (AARMR). The SRR Board of Managers is responsible for all development, operations, and policy matters concerning NMLS.
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.