News Article
Elizabeth Collins Named to Mortgage Licensing System Working Group
March 24, 2011
CHARLOTTE, N.C.—Womble Carlyle attorney Elizabeth Collins has been selected to be a member of the Nationwide Mortgage Licensing System Industry Development Working Group.
The Working Group provides technical and functional input regarding the development of the Nationwide Mortgage Licensing System (NMLS). The NMLS is an online licensing system for all state-licensed mortgage lender, mortgage brokers, mortgage servicers and mortgage loan originators. The NMLS also is responsible for housing information for mortgage loan originators of depository entities. As part of this Working Group, Collins works closely with state and federal regulators as well as industry participants regarding licensing and compliance issues that affect the mortgage industry.
Elizabeth Collins practices in Womble Carlyle’s Regulatory Compliance and Consumer Credit Practice Team within the Capital Markets Practice Group. She is in the firm’s Charlotte office and practices in the areas of consumer credit compliance, banking regulation and financial privacy. Her experience includes multi-state compliance projects covering regulation of fees, charges, and rates in consumer mortgage transactions; state high-cost home loan laws; and bank deposit operations and consumer disclosures. Collins also has extensive experience in mortgage lender and mortgage broker licensing, including new license applications, renewal applications, and change in control requirements.
This document is intended as an informational reminder and does not constitute legal advice. If you have any questions or would like to discuss a particular situation, please contact please contact the Womble Carlyle attorney with whom you work or any one of the lawyers in the Capital Markets Business group.
" "The purpose of this article is to provide general information about significant legal
developments and should not be construed as legal advice on any specific facts and circumstances.