NMLS LICENSING COORDINATOR

Golden Empire Mortgage Inc•Bakersfield, CA

2d•$25 - $30•Onsite

About The Position

The NMLS Licensing Coordinator is responsible for overseeing and managing all aspects of the Nationwide Mortgage Licensing System & Registry (NMLS) licensing process within the organization, including company, branch, and mortgage loan originator licensing. This role plays a critical part in ensuring compliance with state and federal regulations applicable to the company’s residential mortgage lending activities.

Requirements

Five (5) years relevant work experience or equivalent education or training.
Strong understanding of mortgage lending regulations and NMLS licensing requirements.
Prior experience in mortgage licensing or compliance roles – including loan origination system license management.
Self-motivated independent thinker: ability to work collaboratively and manage multiple tasks simultaneously.
Excellent communication and interpersonal skills; strong organizational skills
Proficiency in using NMLS and related software tools.

Responsibilities

NMLS Licensing Oversight:
Manage and maintain the organization's NMLS records, ensuring all company and branch-level licensing requirements are current and satisfied.
Review and interpret state and federal regulations related to mortgage lending and licensing, as applicable.
Develop and implement licensing strategies to ensure compliance and efficiency.
Implement through appropriate departments real-time updates to GEM’s loan origination system to reflect licensing changes and develop safeguards around this process.
Escalate issues to Executive Management accordingly.
Resolve licensing deficiencies, including submitting additional documentation, correcting operational processes, and fulfilling specific regulatory requirements.
Manage annual mortgage loan originator license renewals; monitor and ensure mortgage loan originator adherence with continuing education and other training requirements.
Initiate, submit, and manage the process for GEM to become and remain qualified to conduct business in states in which it conducts and seeks to conduct business.
Determine requirements for engaging in business using trade names and oversee and manage the process to obtain approval for trade names, as permitted.
Application Management:
Identify the appropriate licenses GEM is required to obtain for the states in which it operates/intends to operate; ascertain the requirements for obtaining those licenses, both at the company and branch level and evaluate GEM’s ability to satisfy those requirements.
Prepare and submit NMLS company and branch license applications and renewals accurately and on time.
Monitor the status of license applications and troubleshoot any issues that may arise.
Maintain records of all license-related documentation and correspondence.
Communication and Training:
Act as the primary point of contact for regulatory agencies and respond to inquiries related to NMLS licensing.
Provide guidance and training to internal stakeholders regarding NMLS regulations and compliance.
Keep the organization informed about relevant changes in licensing requirements.
Compliance Monitoring:
Conduct regular reviews to ensure that all employees engaged in mortgage origination activities are properly licensed.
Implement and maintain compliance processes and procedures to minimize risks of unlicensed activity.
Address and resolve compliance violations and issues promptly.
Reporting and Documentation:
Manage and track annual and other reporting requirements; coordinate with other departments to ensure required reports are filed timely.
As necessary or appropriate, generate reports on licensing status, compliance metrics, and trends.
Maintain accurate and organized records of all licensing-related activities.
Assist Corporate Legal Counsel and the Senior Compliance Officer in researching, gathering information, locating and assembling documents, and providing support in connection with regulatory and other examinations and reviews, recertifications, license and approval renewals, and other third-party audits and due diligence reviews.
Stay Informed:
Stay up to date with changes in mortgage industry regulations and NMLS requirements.
Attend relevant training and conferences to expand knowledge.
Miscellaneous:
Provide back-up and support to other Compliance personnel as necessary.
Attend and participate in regular compliance and other meetings, whether locally or at the GEM corporate offices, as necessary.
Perform other duties and tasks as assigned by the General Counsel