Licensing Specialist - Mortgage in SANDY, Utah at Mountain West Financial, LLC

The Licensing Specialist ensures that both the company and its Mortgage Loan Originators (MLOs) remain compliant with state and federal regulations. Daily use of the company NMLS (Nation-wide Multistate Licensing system), focusing on compliance and MLO (Mortgage Loan Originator) management. New state and existing state filings with a sense of urgency to meet regular timeframes and deadlines. While both roles share core compliance duties, a Retail Lender focus is often high-volume and MLO-centric, whereas a Mortgage Investor focus (secondary market) prioritizes organizational authority and "chain of title" integrity.

Essential Functions & Responsibilities:

NMLS Management: Oversee the timely submission and maintenance of company (MU1), branch (MU2), and individual (MU4) filings via the Nationwide Multistate Licensing System (NMLS).

MLO Licensing & Sponsorship: Manage the end-to-end process for MLOs, including verifying pre-licensing education (20+ hours), passing the SAFE exam, and managing employer sponsorship.

Surety Bond Management: Maintain required electronic surety bonds (ESB) through NMLS, adjusting bond amounts based on annual origination or servicing volume as required by state law.

Secretary of State (SOS) & Corporate Oversight: Ensure the company remains in "Good Standing" by filing annual reports, trade name registrations (DBAs), and obtaining Certificates of Existence for each licensed state.

Financial Tracking: Manage and reconcile all licensing-related fees, including application fees, renewal costs, and NMLS processing fees, often coordinating with internal accounting departments

Knowledge, Skills & Abilities

Experience: Typically, 2–3+ years in mortgage compliance or origination operations.

Technical Skills: Mastery of the NMLS portal, including MU forms and the Electronic Surety Bond (ESB) system.

Regulatory Knowledge: Ability to interpret SAFE Act requirements and specific state-level mortgage banking acts.

Detail Orientation: High precision in managing background check results, credit report validations, and sensitive MLO financial disclosures.