State financial regulators have spent much of the past two decades modernizing mortgage supervision for a housing finance market increasingly shaped by nonbank lenders that operate nationwide under state licenses. The result is a more coordinated, risk-based system that gives states a unified view of multistate nonbank mortgage companies, strengthening consumer protection while reducing duplicative regulatory burdens.
State supervisors use shared systems to exchange information, coordinate reviews, work with federal agencies and respond when market risks emerge. This effort to harmonize mortgage supervision across states supports all aspects of the supervisory process, including licensing, examinations and enforcement activities.
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