Who operates the NMLS?

The National Mortgage Licensing System (NMLS) is operated by the State Regulatory Registry, LLC. This system was developed to facilitate the regulation and licensing of mortgage professionals across the United States, ensuring uniformity and consistency in the licensing process. The State Regulatory Registry, LLC, is a subsidiary of the Conference of State Bank Supervisors and is specifically designed to provide support for state regulators while streamlining the licensing process for loan originators and mortgage companies. This centralization of licensing information enhances transparency and compliance within the mortgage industry, making it easier for regulators to track borrowers and for lenders to verify licensing status.

Other organizations mentioned, such as the Federal Trade Commission, the American Association of Residential Mortgage Regulators, and the Department of Housing and Urban Development, play different roles in the regulation and oversight of the mortgage industry but do not operate the NMLS itself.