MLO Mergers and Acquisitions

Once your institution has gone through the Mergers & Acquisition process in NMLS and has indicated your transfer of employment, you will receive a system generated email instructing you to log into your individual NMLS account and accept or deny the transfer.

About this task

The mergers and acquisitions functionality in NMLS allows an institution to easily transfer the employment records of registered mortgage loan originators that have come to work for that institution as the result of a merger, acquisition or corporate reorganization.

Note: If you have changed employers as due to a merger, acquisition or corporate reorganization, you should await instructions from your new employer before making any amendments to your NMLS record.

Procedure

  1. Navigate to the NMLS Login page (Federal Context).
  2. Log in to your NMLS account.
    Note: If you are landed on the NMLS Connect screen, select NMLS Federal Registry in the Quick Links section.
    NMLS Federal Registry Quick Link
  3. Select the Federal context, if the Context screen is displayed.
    Note: Be sure you are in the Federal context by selecting Federal from the You are currently drop down list. Your screen should display the Federal Registry watermark.
    NMLS Context Selector
  4. Select Filing > M&A Transfers
  5. Select the edit icon next to the Institution name.
  6. You will be prompted to Accept or Deny the transfer of employment.
    Note: If you Deny the transfer, you will not be associated with the acquiring institution unless further action is taken by the company.
  7. If you Accept the Transfer, select Accept.
  8. Check the verification box and select Attest.

Results

Upon accepting the transfer, your NMLS record will be updated to reflect the end date with the former institution and a new employment record will be created for your new employer (purchasing institution). For additional assistance, please contact your employer.