Which agency oversees the licensing of mortgage loan originators?

The Nationwide Mortgage Licensing System (NMLS) is the correct answer because it serves as the primary regulatory body overseeing the licensing process for mortgage loan originators in the United States, including California. The NMLS was established to enhance transparency and accountability in the mortgage industry, ensuring that loan originators meet specific licensing standards and maintain compliance with state and federal regulations. It provides a centralized system for states to manage licensing and regulatory enforcement, facilitating a streamlined process for both applicants and regulatory authorities.

Other agencies listed, like the Federal Bureau of Investigation and the Department of Housing and Urban Development, have important roles in the broader context of housing and financial regulation but do not oversee the licensing of mortgage loan originators directly. The National Credit Union Administration primarily regulates credit unions and does not pertain to mortgage loan originator licensing, making it irrelevant to this specific question about overseeing the licensing process.