Effective May 1, 2014, 20 CSR 1140-30.240 authorizes the Division of Finance to license a Missouri Residential Mortgage Loan Broker through the Nationwide Mortgage Licensing System (NMLS).

Current Company Licensees

Beginning June 2, you may request transition of your current company license through NMLS. All licensees must request and receive transition approval prior to Oct. 1, 2014.

Company Applicants (New License)

Beginning June 2, you must request company licensure through NMLS and provide agency specific documents directly to the Division.

Company Applicants (Renewal License)

Renewal applications will be handled much in the same manner as they have before. However, licensees expiring during the transition period will be required to complete transition prior to approval of their renewal application.

Industry Training Webinar June 5, 2014

Provides detailed information on transitioning your company onto the NMLS. Hosted by NMLS and free to all currently licensed mortgage companies. Click here to sign up.

Transition Information

The following information is for an existing company or branch transitioning onto NMLS. To maintain an active license, the transition must be completed during the timeline.

  • Transition timeline: June 2 – Oct. 1, 2014.
  • Provide sponsorship for all loan originators during transition (additional fees may apply after the transition period).
  • For transitioning an existing Company (see License v. Registration), follow each step on the NMLS Transitioning an Existing Company License Quick Guide.
  • For transitioning an existing Branch (see License v. Registration), follow each step on the NMLS Transitioning an Existing Branch License Quick Guide.

    License v. Registration (excludes Servicers):
    Company License: Corporate/main location inside Missouri
    Company Registration: Corporate/main location outside Missouri
    Branch License: Branch location inside Missouri
    Branch Registration: Branch location outside Missouri

    Servicers:
    Company License: Corporate/main location inside or outside Missouri
    Company Registration: N/A
    Branch License: Branch location inside Missouri
    Branch Registration: Branch location outside Missouri

  • Transition cost: $100 NMLS processing fee (additional fees may apply after the transition period)