Mergers and Acquisitions

The Mergers and Acquisitions (M&A) functionality in NMLS allows institutions to transfer the employment records of Mortgage Loan Originators (MLOs) that move as a result of a merger, acquisition, or corporate reorganization.

The Mergers and Acquisitions functionality enables an acquiring institution to transfer multiple MLO employment records into its institution profile in NMLS. This feature is used when MLOs join an institution as part of a merger, acquisition, or corporate reorganization.

Before beginning the M&A process in NMLS, the acquiring institution must obtain an M&A Request Form from the NMLS Call Center 1-855-665-7123. Once completed and returned by the institution’s Account Administrator, NMLS enables M&A functionality for the institution.

Institutions use this process to upload a M&A Transfer CSV Template file containing the details of transferred MLOs. Files must follow the required format defined in the M&A Transfer File Specification. After submission, NMLS processes the file and generates results showing completed transfers and rejected records that require correction.

Institutions are also responsible for paying any fees associated with M&A transfers. Once payment is received, MLOs included in the file are notified to log into NMLS and accept or deny the transfer. Institutions can track pending, accepted, and denied transfers in the M&A Options section under the Tasks tab.

This section provides guidance for institutions on:

• Uploading a Merger and Acquisition Transfer File
• Viewing Processed Merger and Acquisition Transfer Files
• Handling Rejected Merger and Acquisition Transfer Files
• Paying Merger and Acquisition Fees
• Tracking the Status of Merger and Acquisition Transfers