Bulletin W1304 - Reminder, Capturing NMLS Information in FHA Connection

Topic Included in Bulletin W1304:

• The Helping Families Save Their Home (HFSH) Act of 2003 required all mortgage loan originators and lenders that do business with FHA to be in compliance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), by registering with the National Mortgage Licensing System (NMLS)
• Lenders will be prohibited from receiving a case number if the Loan Officer and NMLS ID number are not correctly entered in FHA Connection (FHAC)
• CMS is responsible for providing accurate NMLS ID numbers for any TPO that we register in the FHAC Sponsored Originator Registry
  • The Sponsored Originator Registry will recognize if the geographic location of the TPO is currently one of the five states which are exempt from registering their companies with NMLS
  • Individual Loan Officers are not registered unless they are a sole proprietorship or have otherwise incorporated themselves as a legal entity
  • The Broker Approval Department enters this information when the Broker has been sponsored

Download: Bulletin - #W1304 (PDF)