Role Description
The Licensing Compliance Associate will play a key role in managing all NMLS licensing activities to ensure the company, branches, and its loan originators are properly licensed in compliance with state-specific requirements. This position requires a deep understanding of the Nationwide Multistate Licensing System & Registry (NMLS), state licensing regulations, and strong organizational and communication skills.
Responsibilities:
- Oversee the application, renewal, and maintenance of state licenses for the company, its branches, and mortgage loan originators.
- Ensure compliance with state-specific regulations and requirements through the NMLS.
- Provide training and support to employees on licensing requirements and processes.
- Monitor and track continuing education requirements for all licensed loan originators.
- Stay informed of changes in state and federal licensing regulations and update company practices accordingly.
- Manage and maintain accurate records in the NMLS.
- Respond promptly to internal and external requests related to licensing activities.
- Track license progress in NMLS and communicate any potential issues or delays to relevant parties.
Qualifications:
- At least 3 years of experience in licensing within the mortgage industry.
- General experience in the mortgage industry is preferred.
- In-depth of the Nationwide Multistate Licensing System & Registry (NMLS) and state-specific licensing requirements.
- Excellent written and verbal communication skills.
- Strong organizational and time management skills.
- Ability to work effectively both independently and as part of a team in a fast-paced environment.
- Proficiency in Microsoft Office Suite.
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