Uniform State Test (UST) · 11% of the SAFE exameasy
Correct answer: CSBS and AARMR
The NMLS was developed through a joint effort by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR). These two organizations collaborated to create a uniform system for state licensing of MLOs. HUD, the Federal Reserve, CFPB, OCC, Fannie Mae, and Freddie Mac each play different roles in the mortgage industry and were not the founding organizations of NMLS.
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