Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
NMLS in reinstatement period
The NMLS has posted a notice that the Reinstatement Period began on January 2, 2019, for mortgage loan originators whose registrations lapsed on December 31 because they had not completed the annual renewal process, and will run through midnight ET on February 28. MLOs with lapsed registrations should check the NMLS's Federal Registry annual renewal page for guidance on reactivation.