Loan Setup: NMLS Search

The Nationwide Mortgage Licensing System (NMLS) is a centralized online database that's used by mortgage and finance regulatory agencies to maintain state licensing programs. The NMLS includes information on all mortgage loan originators (MLOs) and companies that are licensed to originate mortgages in the United States. The lender uploads an NMLS search to verify that the MLO’s license is authorized to conduct business.

Context: Identifying the document.

  1. Document title

  2. NMLS ID

Key takeaways: Important information

  1. State regulator and license name

  2. Authorization to conduct business

Notes on the NMLS Search:

  • The loan originator must be authorized to conduct business in the state of the subject property. If they are not authorized, the branch must be notified immediately.

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