Licensing Specialist - Mortgage

Sandy, Utah, United States

Sandy, Utah, United States

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Job Description Job Description Position Description: Summary: The Licensing Specialist ensures that both the company and its Mortgage Loan Originators (MLOs) remain compliant with state and federal regulations. Daily use of the company NMLS (Nation-wide Multistate Licensing system), focusing on compliance and MLO (Mortgage Loan Originator) management. New state and existing state filings with a sense of urgency to meet regular timeframes and deadlines. While both roles share core compliance duties, a Retail Lender focus is often high-volume and MLO-centric, whereas a Mortgage Investor focus (secondary market) prioritizes organizational authority and "chain of title" integrity. Essential Functions & Responsibilities: NMLS Management: Oversee the timely submission and maintenance of company (MU1), branch (MU2), and individual (MU4) filings via the Nationwide Multistate Licensing System (NMLS). MLO Licensing & Sponsorship: Manage the end-to-end process for MLOs, including verifying pre-licensing education (20+ hours), passing the SAFE exam, and managing employer sponsorship. Surety Bond Management: Maintain required electronic surety bonds (ESB) through NMLS, adjusting bond amounts based on annual origination or servicing volume as required by state law. Secretary of State (SOS) & Corporate Oversight: Ensure the company remains in "Good Standing" by filing annual reports, trade name registrations (DBAs), and obtaining Certificates of Existence for each licensed state. Financial Tracking: Manage and reconcile all licensing-related fees, including application fees, renewal costs, and NMLS processing fees, often coordinating with internal accounting departments Knowledge, Skills & Abilities Experience: Typically, 2-3+ years in mortgage compliance or origination operations. Technical Skills: Mastery of the NMLS portal, including MU forms and the Electronic Surety Bond (ESB) system. Regulatory Knowledge: Ability to interpret SAFE Act requirements and specific state-level mortgage banking acts. Detail Orientation: High precision in managing background check results, credit report validations, and sensitive MLO financial disclosures.
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Sandy, Utah, United States

Sprachkenntnisse

English

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