Lenders Compliance Group Head Forms NMLS Users Forum
Jonathan Foxx, president and managing director of Lenders Compliance Group, has formed the NMLS Users Forum on LinkedIn. The new forum was activated on Jan. 25, 2011. Invitations have been sent to industry participants. Membership is free, open to all, and is an Open Group, which will allow discussion visibility, indexing by search engines, and sharing to Twitter and Facebook. "My firm handles all the administrative functions involved in NMLS licensing for many mortgage originator entities and mortgage loan originators, and I have found that there is a need for greater familiarity with NMLS use and preparedness," said Foxx. "That is why I formed the NMLS Users Forum, specifically to expand the knowledgebase of NMLS users and enable them to be more effective." The NMLS Users Forum is for users of the Nationwide Mortgage Licensing System Registry (NMLS), which streamlines the licensing process for both regulatory agencies and the mortgage industry by providing a centralized and standardized system for mortgage licensing of mortgage loan originators and certain financial institutions. It is the official and sole system for companies and individuals seeking to apply for, amend, renew and surrender licenses managed in the NMLS on behalf of the jurisdiction’s governmental agencies. The NMLS unique identifier is a required disclosure in all participating states, D.C., and U.S. Territories. The NMLS Users Forum is not associated or affiliated with the Nationwide Mortgage Licensing System Registry or its creators, the Conference of State Bank Supervisors (CSBS) or the American Association of Residential Mortgage Regulators (AARMR). It is a completely independent forum and has been created for NMLS users to share their NMLS experiences. According to Foxx, the NMLS Users Forum on LinkedIn has been created "to empower, educate, and provide a space to discuss and share the NMLS licensing and registration experience," while also finding answers to important questions. "If you license or register through NMLS, this forum is for you! The NMLS Users Forum will enable NMLS Users to exchange views, news, expertise, and updates," said Foxx in his notification to prospective members. "Members can provide comments and offer their solutions to other NMLS users." For more information, visit the NMLS Users Forum by clicking here or visit www.lenderscompliancegroup.com.