Simply Stated - All Things Finance

NMLS Modernization Phase One is Live - What's Changed and What Comes Next

July 22, 2024 Conference of State Bank Supervisors (CSBS) Season 24 Episode 3
NMLS Modernization Phase One is Live - What's Changed and What Comes Next
Simply Stated - All Things Finance
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Simply Stated - All Things Finance
NMLS Modernization Phase One is Live - What's Changed and What Comes Next
Jul 22, 2024 Season 24 Episode 3
Conference of State Bank Supervisors (CSBS)

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.

Show Notes Chapter Markers

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.

What is NMLS Modernization?
How is NMLS Modernization different than a typical system update?
Who benefits from these changes? Is it users or regulators?
Enhancements live in NMLS today
A new login process
Improved account recovery process
A single login for multiple accounts
Improved profile management
Feedback tool within the system
What comes next for NMLS Modernization
Future Updates: Individual License Workflow
Future Updates: Branch, Company, Regulator Workflows
Future Updates: Federal Institution Users
How enhancements are prioritized for release
CSBS's long-term commitment to NMLS
How to share feedback and get involved