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Is NMLS registration also required for Mortgage Brokers and Lenders (companies)?

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Is NMLS registration also required for Mortgage Brokers and Lenders (companies)?

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Yes, in addition to individual mortgage loan originators, a mortgage brokerage or mortgage lending company will create a record in the NMLS system. Using this “One Record Concept”, NMLS allows for the creation and maintenance of a single record (Form MU1) for each company, regardless of the number of jurisdictions in which it is licensed. This single record may be used to apply for, maintain, renew, or surrender licenses in all jurisdictions participating in NMLS. Companies will also be able to create and maintain a single record for each branch (Form MU3), control person (Form MU2) or mortgage loan originator (Form MU4). The use of any of these forms is governed by the regulations of the state in which you are seeking licensure, not by NMLS. Additional information is available at the NMLS Website.

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