We have just updated our website to include all our lenders who are registered with NMLS. Are we required to still post some kind of sign in our lobby? I did not see that requirement in what I have read, but I want to be sure.
There's not a lobby requirement necessarily--posting it on the website would suffice. As noted in the Supplementary information section of 105(a) of the Required Use of the NMLS ID: "...For example, the institution may choose to direct consumers to a listing of registered mortgage loan originators and their unique identifiers on its Web site; post this information prominently in a publicly accessible place, such as a branch office lobby or lending office reception area; and/or establish a process to ensure that institution personnel provide the unique identifier of a registered mortgage loan originator to consumers who request it from employees other than the mortgage loan originator...."
Compliance Alliance offers a comprehensive suite of compliance management solutions.
To learn how to put them to work for your bank, call (888) 353-3933 or email email@example.com.