Who developed and maintains the Nationwide Mortgage Licensing System and Registry (NMLS)?

The Nationwide Mortgage Licensing System and Registry (NMLS) was developed and is maintained by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR). This organization was established to provide a streamlined process for licensing and regulating the mortgage industry at both the state and national levels, ensuring that mortgage professionals meet necessary standards and requirements.

The NMLS facilitates the licensing process, keeps track of mortgage practitioners, and enhances consumer protection by promoting transparency within the mortgage loan process. By maintaining this centralized system, the CSBS and AARMR play a critical role in the oversight and regulation of mortgage lending, which helps to maintain the integrity of the financial system.

The other options, while they may play important roles within finance and banking, do not have the responsibilities of developing or maintaining the NMLS, which focuses specifically on mortgage licensing and regulation.