NMLS - Nationwide Mortgage Licensing System
The definition of mortgage term: Natiowide Mortgage Licensing System
The NMLS is the nationwide mortgage licensing system. It is a single location for consumers, governments, employers and regulators find, update and research parties involved in the mortgage industry. Lenders and brokers use the NMLS to file company licensing and conduct reporting to government bodies. Loan officers use it to communicate with government bodies in keeping their licenses active. Consumers use the NMLS to see if there have been any actions taken against an organization or licensed individual. The consumer website for the NMLS is http://www.nmlsconsumeraccess.org
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