DFPI Sees Few Problems With NMLS Transition, Do My Own Eyes Deceive Me?

Through the Department's efforts and the efforts of its CFL licensees, a large number of transitions to NMLS have been submitted and or approved.

The NMLS standard is that account requests will be answered in 3 to 5 business days.  As of 3/15 there were only two California accounts in the queue older than 5 business days (each at 6 days).  The DFPI has not received any reports of system issues or problems logging into NMLS.  Neither NMLS nor CFL staff have reported technical downtime in 2022 and the approval time for NMLS accounts are, in general, as disclosed.  It would not be accurate to describe the current situation as a "backlog."