NMLS, developed through the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR), allow companies to conveniently manage their mortgage license(s) in an electronic format through a secure website.
If you wish to apply for a mortgage broker license you should begin by first reviewing Arkansas’s Jurisdiction-Specific Requirements along with the Arkansas Fair Mortgage Lending Act which provides the current licensing procedures and requirements applicable to mortgage brokers, mortgage bankers, mortgage servicers, and mortgage loan officers.
If your company has a completed record in NMLS, then applying for a license in Arkansas simply involves filing your company’s record (Form MU1), control person records (Form MU2), relevant branch records (Form MU3) and relevant Mortgage Loan Officer records (Form MU4) with Arkansas through the NMLS.
Any questions relating to the NMLS should be directed to the NMLS Call Center at (855) 665-7123.
The NMLS Consumer Access is a fully searchable website that allows the public to view information concerning mortgage (state-licensed mortgage companies, branches, and loan officers) and money services business (money transmitters and currency exchangers).