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.
NMLS itself does not grant or deny license authority. NMLS is the sole system of licensure for mortgage companies for 58 state agencies and the sole system of licensure for Mortgage Loan Originators (MLOs) for 59 state and territorial agencies. Over half of the states also currently manage additional license types through the System in the money services business, debt and consumer finance industries.