National Mortgage Broker Licensing System

According to the Boston Globe Real Estate Blog, Massachusetts is joining 6 other states in implementing a nationwide registry that will provide a uniform licensing system for mortgage brokers, lenders and loan officers.

The Nationwide Mortgage Licensing System is set to debut January 2, 2008, and nearly 40 state agencies have so far committed to participating in the registry. The new system is intended to streamline licensing for registrants, improve supervision of mortgage professionals and give regulators another tool to fight fraud.

Read the entire Boston Globe Real Estate Blog post