For more information on updates to NMLS Modernization and how to get involved, visit the NMLS Modernization page on the CSBS website.

Since the NMLS Annual Conference & Training in February, there’s been a lot of excitement around “NMLS Modernization.” Today, CSBS launched several new features and changes in NMLS as a part of this modernization effort.

I sit down with Dave Dwyer, Senior Vice President of Business Services at CSBS, to learn about the changes available to NMLS users today and what's to come as NMLS Modernization continues.

Community banker sentiment remains near-neutral for a second quarter but is still rising; in the second quarter of 2024, the Community Bank Sentiment Index (CBSI) reached its highest level recorded since 2021. 

CSBS Chief Economist Tom Siems joins us today to explore what is driving a near-neutral sentiment from community bankers, how uncertainty impacts a community bank's outlook, and what regulators and compliance experts should take from this quarter's CBSI reading. 

Are we finally starting to see the long-awaited cooldown in economic activity? 

CSBS Chief Economist Tom Siems takes us along for a deep dive into interest rate data, market fluctuations, and the current state of commercial real estate and office lending. And, as always, we ask: what should regulators an the industries be looking out for in the current economic climate?

Regulators take confidentiality seriously. So, when regulators from different states, agencies, or industries need to communicate, how do they do it? As it turns out, regulators spend months (and sometimes years) carefully setting up the infrastructure and processes so that, when the need arises to communicate with one another, they know exactly what can be shared with whom and when.

This week, Matt Lambert sits down with me to talk through these "information sharing agreements," why they matter, the work that goes into making them, and what the industry should know about how their regulators communicate.

Guest: Matt Lambert, CSBS Deputy General Counsel - Policy
 

Community banker sentiment remains negative for a ninth straight quarter, but things are looking up; in the first quarter of 2024, the Community Bank Sentiment Index (CBSI) reached its highest level recorded since 2021. 

CSBS Chief Economist Tom Siems joins us today to look deeper into the driving forces behind community banker negativity, why their negative sentiment is trending toward positivity, and what regulators and compliance experts should take from this quarter's CBSI reading. 

Guest
Rich Madison, Vice President, Credentialing and Accreditation Programs

In today's episode, we discuss:

• What a mortgage broker's license is
• What it means for your mortgage broker to be licensed
• Where you can search for a licensed or registered mortgage broker
• Who to contact if you have concerns

In the epilogue, we ask regulators to share their insights on the importance of NMLS, what we gain from a state-federal regulatory partnership and lessons learned from the NMLS development process.

About "The Making of NMLS" Series

The Housing and Economic Recovery Act, or HERA, was signed into law fifteen years ago on July 30, 2008. HERA included the SAFE Act, which required mortgage loan originators to register or be licensed in the Nationwide Multi-State Licensing System (NMLS).

In celebration of 15 years of NMLS, CSBS is releasing a podcast series about the creation of NMLS. Join us each week through August as we interview the regulators and leaders responsible for one of history's most ambitious 50-state projects.

Guests

• Vickie Peck - Executive Vice President, Products & Solutions
• Buz Gorman - Executive Vice President, General Counsel
• John Ryan - Former CSBS President and CEO
• Neil Milner - Former CSBS President and CEO
• Bill Matthews - Former President and CEO of State Regulatory Registry LLC
• Steve Antonakes - Former Massachusetts Commissioner of Banks; Former Deputy Director of the CFPB
• Gavin Gee - Former Director of the Idaho Department of Finance; Former CSBS Chair
• Joe Smith - Former North Carolina Commissioner of Banks
• Tom Gronstal - Former Superintendent of Banking in Iowa
• Darrin Domingue - Former Chief Examiner of the Louisiana Office of Financial Institutions

When we left off from the last episode in September 2005, the CSBS Board of Directors had just approved the development of NMLS. In episode four, we discuss the significant trouble brewing in the mortgage market in 2006. As the mortgage crisis unfolded, state regulators pushed forward with the development of NMLS. As Congress investigated the crisis, state regulators shared NMLS as a possible solution for reigning in the market.

About "The Making of NMLS" Series

The Housing and Economic Recovery Act, or HERA, was signed into law fifteen years ago on July 30, 2008. HERA included the SAFE Act, which required mortgage loan originators to register or be licensed in the Nationwide Multi-State Licensing System (NMLS).

In celebration of 15 years of NMLS, CSBS is releasing a podcast series about the creation of NMLS. Join us each week through August as we interview the regulators and leaders responsible for one of history's most ambitious 50-state projects.

Guests

• Vickie Peck - Executive Vice President, Products & Solutions
• Buz Gorman - Executive Vice President, General Counsel
• John Ryan - Former CSBS President and CEO
• Neil Milner - Former CSBS President and CEO
• Bill Matthews - Former President and CEO of State Regulatory Registry LLC
• Steve Antonakes - Former Massachusetts Commissioner of Banks; Former Deputy Director of the CFPB
• Gavin Gee - Former Director of the Idaho Department of Finance; Former CSBS Chair
• Joe Smith - Former North Carolina Commissioner of Banks
• Tom Gronstal - Former Superintendent of Banking in Iowa
• Darrin Domingue - Former Chief Examiner of the Louisiana Office of Financial Institutions

In episode three, we discuss the work that went into building NMLS and the opposition faced along the way. Staff worked to harmonize legislative and regulatory requirements across state agencies, develop uniform documents, gather feedback from the mortgage industry and work out the funding and maintenance structure of the system. The episode culminates with a look at the debate between states on whether to launch and adopt the system.

Producer's Note:  In this episode, the host refers to the SAFE Act passing in July 2007. HERA and the SAFE Act passed July 30, 2008. In addition, the host mentions the states being given one year to adopt NMLS. While every state held a legislative session within one year, the SAFE Act provided two years for states to adopt NMLS.

About "The Making of NMLS" Series

The Housing and Economic Recovery Act, or HERA, was signed into law fifteen years ago on July 30, 2008. HERA included the SAFE Act, which required mortgage loan originators to register or be licensed in the Nationwide Multi-State Licensing System (NMLS).

In celebration of 15 years of NMLS, CSBS is releasing a podcast series about the creation of NMLS. Join us each week through August as we interview the regulators and leaders responsible for one of history's most ambitious 50-state projects.

Guests

• Vickie Peck - Executive Vice President, Products & Solutions
• Buz Gorman - Executive Vice President, General Counsel
• John Ryan - Former CSBS President and CEO
• Neil Milner - Former CSBS President and CEO
• Bill Matthews - Former President and CEO of State Regulatory Registry LLC
• Steve Antonakes - Former Massachusetts Commissioner of Banks; Former Deputy Director of the CFPB
• Gavin Gee - Former Director of the Idaho Department of Finance; Former CSBS Chair
• Joe Smith - Former North Carolina Commissioner of Banks
• Tom Gronstal - Former Superintendent of Banking in Iowa
• Darrin Domingue - Former Chief Examiner of the Louisiana Office of Financial Institutions

In episode two, we start with an interview with then-CSBS President and CEO John Ryan. John shares the story behind when state regulators decided it was time to develop a nationwide licensing system. We determine exactly who had the idea first, the initial reaction of commissioners in 2003 and what ultimately led to embarking on the creation of NMLS.

About "The Making of NMLS" Series

The Housing and Economic Recovery Act, or HERA, was signed into law fifteen years ago on July 30, 2008. HERA included the SAFE Act, which required mortgage loan originators to register or be licensed in the Nationwide Multi-State Licensing System (NMLS).

In celebration of 15 years of NMLS, CSBS is releasing a podcast series about the creation of NMLS. Join us each week through August as we interview the regulators and leaders responsible for one of history's most ambitious 50-state projects.

Guests

• Vickie Peck - Executive Vice President, Products & Solutions
• Buz Gorman - Executive Vice President, General Counsel
• John Ryan - Former CSBS President and CEO
• Neil Milner - Former CSBS President and CEO
• Bill Matthews - Former President and CEO of State Regulatory Registry LLC
• Steve Antonakes - Former Massachusetts Commissioner of Banks; Former Deputy Director of the CFPB
• Gavin Gee - Former Director of the Idaho Department of Finance; Former CSBS Chair
• Joe Smith - Former North Carolina Commissioner of Banks
• Tom Gronstal - Former Superintendent of Banking in Iowa
• Darrin Domingue - Former Chief Examiner of the Louisiana Office of Financial Institutions