Deadline Quickly Approaching for NMLS 2018 Mortgage License Renewal

posted in: blog | 0

NMLS 2018 License RenewalsWith 2018 coming to an end, the deadline to renew your mortgage license renewal is fast approaching. The Nationwide Mortgage Licensing System (NMLS) began its annual renewal process on November 1, 2017, with the final cut-off date of December 31, 2017 for renewal requests. Haven’t renewed your license yet? Good news! There’s still time in these last few weeks of December if you act now.

The Mortgage Licensing Group’s FastClass online education program is designed to help mortgage loan originators quickly and efficiently satisfy their annual education requirements to renew their licenses on time. All courses are fully NMLS approved.

Ideally, licensed mortgage loan originators and companies should request mortgage license renewal within the NMLS before November 30th. Yet with immediate action it’s not too late to complete your state’s renewal requirements, request renewal, and have it processed by December 31st.  All renewal requirements are outlined on the corresponding mortgage license Renewal Checklists on the NMLS Resource Center.  Be sure to review your state-specific deadlines for renewing a license as they may be sooner than December 31st.

Helpful NMLS Resources

NMLS is the system of record for non-depository, financial services licensing or registration in participating state agencies.  In these jurisdictions, NMLS is the official system for companies and individuals seeking to apply for, amend, renew and surrender license authorities managed through NMLS

During the annual renewal period, companies and individuals should verify that their NMLS records are up-to-date, satisfy all their state’s renewal conditions, submit for license renewal and pay necessary fees.

For NMLS Company Users who have not logged into their account in the last quarter, they will be prompted by the System to review their User Profile upon login. When reviewing their User Profile, Company Users will need to enter their title/position held at the company associated with their User Account.

For a list of state regulator renewal deadlines, requirements, renewal fees, flowchart and more, take a look at the NMLS Resource Center links below:

Be aware that there may be a delay in the approval of your company or individual license renewal request if you fail to update your record, actually request renewal within the System and pay the required fees by the appropriate deadline.

NMLS Approved Courses

MLG provides NMLS-approved pre-licensure and continuing education courses for mortgage professionals in easy-to-use formats.  These courses are created to address the state-specific hourly requirements set forth within the SAFE Act as part of licensure. The variety of formats offered, which range from online and webinar to live classroom settings, are intended to make the education process convenient for all participants.

It’s recommended that you set yourself up for success by knowing your annual renewal requirements ahead-of-time so that the process becomes easy and routine. Get ahead of the curve and eliminate any road blocks you may encounter along the way by being prepared. This will allow you to spend your valuable time focusing on your business.

Get Fast Accurate Help With Your Renewal

For more information on MLG’s services, consult our Services page to see what we can do for you. We’re here to help so contact us today!

The Mortgage Licensing Group, Inc. is a full-service mortgage licensing firm headquartered in Southern California that is recognized throughout the industry as an experienced and reliable service provider. Established in 2006, our company has been on the forefront of the ever-changing rules and regulations, helping alleviate the often-daunting task of meeting the diverse state licensing requirements for our clientele.