That’s a Wrap!

Many thanks to attendees, speakers, and panelists at this year’s NMLS Annual Conference and Training.

And many thanks to those of you who followed this blog.

I hope to see all of you next year for the sixth NMLS Annual Conference and Training!

John Ryan Concludes the NMLS Annual Conference

John Ryan, President and CEO of the Conference of State Bank Supervisors, wraps up the fifth NMLS Annual Conference and Training from San Antonio, Texas.

Ken Perry Talks Best Education Methods

Ken Perry, President and CEO of the Knowledge Coop, talks about the best methods to provide education and training for mortgage providers.

Q&A With Sam Wolling

Sam Wolling with Prospect Mortgage took time to answer questions for the NMLS Annual Conference Live Blog.

NMLS Live Blog: What value do you get out of NMLS?
Wolling: The value of NMLS is enormous from an industry user perspective.  One uniform system of record for multiple jurisdictions has completely reshaped the mortgage industry and has provided not only a formal communication platform between industry and regulators, but it has facilitated a robust license verification process through the NMLS Consumer Access web page.  Having used NMLS since its inception five years ago, it is so amazing to see where it has come but, even more importantly, where NMLS is going.

NMLS Live Blog: What improvements would you like to see to NMLS?
Wolling: The enhancements that I am eagerly awaiting are the advanced change notification, which will most assuredly help licensees with a process to notify regulators of changes.

NMLS Live Blog: Has this conference been constructive and educational?  What would you like to see added to the program?
Wolling: The educational value of these conferences is enormous: to have a venue where we have a conversation between industry and state and federal regulators about best practices and how to facilitate the implementation of new processes is what makes the NMLS Annual Conference unique and so special.  This conference is certainly one I look forward to attending each year.  Also, it’s been fun to see the growth and the difference the System has made for this industry and for one user: me.

Final Day About to Begin!

The third and final day of the NMLS Annual Conference and Training is about to begin!

This morning there will be four breakout sessions before the conference concludes.

Session #1: RAP Sheet Review with Sue Choff of the FBI and Tim Doyle of CSBS.

Session #2: Using NMLS for Licensing in Multiple States with Jamie Robenseifner of the Pennsylvania Department of Banking and Securities and Sam Wolling of Prospect Mortgage, moderated by Vickie Slater of CSBS.

Session #3: Using the NMLS Federal Registry with Lindsay Schmidt and Kevin Finnerty of CSBS.

Session #4: NMLS Testing and Education: What’s Ahead, an In-Depth Review, with Pete Marks and Rich Madison of CSBS.

Breakout Session Recap: Credit & Criminal Background Checks

Financial responsibility and felonies are the hot topics during the Credit and Criminal Background Check panel made up of state and federal regulators and industry representatives.  Sue Clark of the Vermont Department of Financial Regulation and Chair of the NMLS Policy Committee, Martin Thompson of the FDIC, and Catherine Houston of Wells Fargo are the panelists for this interesting session.  With the new rules from the CFPB, industry is looking for guidance and lessons from extensive state regulator experience gained from dealing with these issues.

Moral of the story from the regulators: tell your kids not to get into trouble!

Final Breakout Sessions About to Begin

The day is flying by! The first round of breakout sessions has wrapped.  After a quick break to stretch some legs and check messages, the final series of breakout sessions for the day is about to begin!

There is a session on the Federal Housing Administration, one on MSBs, a repeated session on credit and criminal background checks, and a repeat session on the uniform state test.

Another great line-up!