What is NMLS Consumer Access and how does it benefit you as a buyer?
The NMLS Consumer Access is useful online tool provided by the Nationwide Multi-state Licensing System & Registry (NMLS). It's a free, public-facing website that allows consumers to look up and verify the credentials of financial service professionals, such as mortgage lenders, brokers, and loan originators.
The main purpose of NMLS Consumer Access is to provide transparency and ensure that these professionals are licensed and in good standing with the relevant regulatory authorities. It can be used by consumers to:
Check licensing status – Verify if a mortgage professional is licensed and active in their state.
Review disciplinary actions – Look up any actions taken against a professional’s license.
Find contact information – Access the details for contacting the professional or the agency that regulates them.
