âMedical science is changing, more rapidly and more dramatically than ever,â said David Brenner, MD, vice chancellor for health sciences and dean of the School of Medicine. âBut progress also means new and sometimes daunting complexities and challenges.
The NMLS is a database. Thatâs it. It does not change any state mortgage licensing requirements. It does not reduce what states require to obtain a license. It also does not eliminate the requirement to be licensed separately in each state.
What is the NMLS? Not everyone in the mortgage industry is completely familiar with the Nationwide Mortgage Licensing System (NMLS). However, by July of 2010 - the deadline for state implementation of the federal S.A.F.E Act - everyone in the mortgage industry will be.