Warfel to be Voice for the Industry
- Warfel joins NMLS Industry Development Working Group
- Corporate Licensing Specialist Warfel to Represent Indecomm in Industry Group
- NMLS Industry Development Working Group to Address Member Challenges in Licensing
Edison, NJ (August 5, 2015)—Indecomm Global Services, a leader in business process outsourcing, learning, and technology solutions, announces that Rebecca Warfel has been named to the Nationwide Mortgage Licensing System & Registry (NMLS) Industry Development Working Group. NMLS is the system of record for non-depository, financial services licensing or registration. As part of this group, Warfel will be presenting the challenges facing industry members today. She will also be offering suggestions to improve the technical and functional aspects of the NMLS.
“Indecomm’s participation in this Working Group provides an important perspective on state regulation,” said Rajan Nair, CEO, Financial Services, Indecomm Global Services. “Rebecca will be a voice for the industry and especially for third party service providers.”
Indecomm does not originate, broker, service, or fund loans, a key litmus test for registration with the NMLS. However, since Indecomm does provide mortgage companies with processing, underwriting, and origination support, it must meet the rules required by each state in which it conducts business or be deemed exempt. For example, in some states Indecomm is licensed as a mortgage lender or broker due to its processor and underwriter activities even though it is not originating loans. Currently, Indecomm is registered in 28 states under a Residential or Mortgage Lender, Broker, or Company License. It is exempt in 14 states either through licensing or regulation that enables third party mortgage service providers to conduct business in the state.
“Our participation in the NMLS Industry Development Working Group provides an opportunity for dialogue with the industry and regulators,” said Warfel. “Being a careful listener is an important role in this group as well as offering new ways to facilitate meeting state registration
The NMLS consults with the Industry Development Working Group to gather input from industry users on a monthly basis. This group provides input into the technical and functional development of the NMLS.
Visit https://mortgage.nationwidelicensingsystem.org/contact/Pages/IDWG.aspx for more information about the NMLS Industry Development Working Group.
About Indecomm Global Services
Indecomm offers consulting, outsourcing, learning, and technology solutions to our clients in the financial services, hi-tech, life sciences, education, and publishing verticals. We combine technology platform-driven outsourcing solutions with a flexible delivery model. Indecomm helps its clients improve profitability, gain time-to-market advantage, and achieve immediate return-on-investment.
With over 3,500 associates worldwide, Indecomm services its clients from global delivery centers and offices in the United States, Costa Rica, the United Kingdom, India, Malaysia, Singapore, Indonesia, and the Philippines. For more information, visit www.indecomm.com. Indecomm is funded by leading global venture capital funds, including WestBridge Capital Partners, Tiger Global Management Private Equity, and the International Finance Corporation, a member of the World Bank Group. Contact Indecomm by email at email@example.com or call (732) 404-0081.
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About Indecomm Mortgage Services
Indecomm Mortgage Services is a trusted partner of top lenders and servicers, providing them with quality assurance, risk management, and loan fulfillment services. Indecomm’s title and settlement services platform-based solutions include title search and typing through iTitleHub™, post-closing through Dynamic Doc Hub™, eRecording through InteleDoc Direct™ and mail away recording supported by Indecomm’s recording website. Indecomm-Mortgage U is a close collaboration between Indecomm Mortgage Services and Indecomm Learning. The Indecomm-Mortgage U Health Check enables companies to ensure compliance with current regulations and anticipate the impact of new ones.
Indecomm Global Services