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New NMLS Ombudsman appointed
The Conference of State Bank Supervisors announced yesterday that Jim Payne, director of examinations and assistant deputy commissioner for the Consumer and Mortgage Lending Division of the Kansas Office of the State Bank Commissioner, will serve as the new NMLS ombudsman starting July 1.
The NMLS ombudsman provides state regulators and industry a neutral environment for discussing NMLS issues and policies governing the system. More than 226,000 state-licensed entities across the mortgage, debt, consumer finance and money services businesses industries rely on NMLS to manage their licensing requirements. Over 424,000 federally registered institutions and mortgage loan originators also depend on the system.