National Mortgage News (07/28/08) Vol. 32, No. 42, P. 6; Harmon, Jennifer
So far, 42 state agencies in 40 states are expected to utilize the Nationwide Mortgage Licensing System--which provides uniform licensing applications for mortgage lenders, brokers and loan officers and allows these applications to be submitted, amended and updated online. The system--which also enables mortgage professionals to renew their licenses electronically--was most recently implemented by state agencies in Connecticut, Louisiana, Mississippi, North Carolina, New Hampshire and Vermont. The Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators notes that these states are following the lead of Idaho, Iowa, Kentucky, Massachusetts, Nebraska, New York, Rhode Island and Washington.
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