Federal Registry Renewal Process December 5, 2014 Lindsay Schmidt Manager, Training State Regulatory Registry

Housekeeping Utilizing the Chat feature through GotoWebinar Question & Answer NMLS Federal Registry Resource Center Complete survey for any unanswered questions

Agenda Renewal Resources on NMLS Federal Registry Resource Center Renewal Overview Hours of Operation NMLS Processing Fees How to Renew your Institution How to Renew your MLOs Use of the Renew/Reactivate Activity Report

Objectives Be able to locate the necessary resources to help with the renewal process Understand how to complete the renewal process successfully Learn about the common mistakes and misunderstandings

Renewal Overview Renewal period opened on Saturday, November 1, 2014 and will end on Wednesday, December 31, 2014 System Hours of Operation Call Center Hours of Operation The Call Center is unavailable on weekends

Renewal Overview Continued System-wide philosophy for Renewal Attesting to the fact that your record is up to date NMLS Processing Fees $30 per MLO $100 for Institution renewal Reactivation Fees

Federal Institution Renewal Institutions must submit their renewal prior to submitting MLO renewal All institutions in an “Active” status must renew there are no exceptions/exemptions

Common Misunderstandings - Institution Renewing your $55 VIP Credential is not the same as the $100 institution renewal Where can you find expiration dates? Under Admin Tab A criminal background check is not required for registration renewal Even if prints have expired Employment Changes during Renewal

Federal Institution Renewal Step 1 – Click the Renew/Reactivate tab Step 2 – Click Submit in the submenu Step 3 – Click the Manual button

Federal Institution Renewal All Active registrations will be listed – Active Institution and Active MLOs Institutions with 100 or fewer MLOs can renew their institution and eligible MLOs at the same time

Federal Institution Renewal

Renewal Cart Institution renewal costs $100 **If paid by credit card, a 2.5% service fee will be added**

Renewed Through 2015 Next Step: Run the Renewal/Reactivation Activity Report

Renewal/Reactivation Activity Report Report should be used during every stage of renewal: Preparing for renewal Building batch upload (if applicable) As a follow up tool When wondering “Am I done?” Run this report!

Manual vs. Upload If an institution has 100 or few MLOs eligible for renewal Manually submit MLOs or Perform a renewal batch upload If an institution has 101 or more MLOs eligible for renewal Only the Upload button will display after institution renewal is submitted manually

Federal Renewal Notifications Received by Institutions (nightly) when more than 500 MLOs complete attestation for the previous day: Encouraged to use the Renewal/Reactivation Activity Report to track MLO attestation compliance

Federal Renewal Notifications Received by Institutions (nightly) when less than 500 MLOs complete attestation for the previous day:

Federal Renewal Notifications MLO Notification of Attestation Required

Federal Renewal Notifications Received by Individual MLOs in a “Pending Attestation” status after 5, 10, 15 days

Attest and Renew Button

Common Mistakes – MLO Where do they go wrong? Try to Attest to a Filing under the Filing tab Try to renew on the State side of system Renewal tab on State side “Renewals” Renewal tab on Federal side “Renew/Reactivate”

Demonstration Launch Online Demo Demo: Company user paying for a test enrollment & manage appointments.

Make sure to complete our survey. We follow up on all questions! Question & Answer Q & A Make sure to complete our survey. We follow up on all questions! http://mortgage.nationwidelicensingsystem.org/slr/Documents/Federal%20Registry%20Renewal%20Webinar%2010-17.pdf