![]() ![]() If I already have a two-factor credential through Symantec do I have to purchase another one to use for NMLS? In addition, users may need to pay for their credential, depending on which credential type they choose. Institutions will have the ability to pay the subscription fee on behalf of its users. See the request for public comment on proposed Federal Registry fees for further information. Yes, users will need to pay an annual subscription fee of $55 for each NMLS user account that requires two-factor authentication. When should I obtain my credential and which type of credential will be required?Ĭredentials can be obtained on the Symantec website. See Quick Guide: Choosing a VIP Security Credential for more information about choosing a credential.ĭo I have to pay any fees for two-factor authentication? Registry users will be required to register and provide credentials to gain access to the system using SRR's contracted two-factor authentication vendor Symantec (formerly known as VeriSign). Users subject to two-factor authentication will have to acquire a credential directly from Symantec, pay an annual subscription fee to NMLS and register their credential with NMLS. Individual mortgage loan originators who only have access to their own personally identifying information will only need their system-generated user name and password to access NMLS. ![]() Will each mortgage loan originator be subject to two-factor authentication requirements? Support Users (i.e., NMLS Call Center and SRR staff).Account Administrators and User Accounts) NMLS will require any Federal Registry user who has access to more than one individual’s personally identifying information (i.e., information that is not his or her own) to use two factors of authentication to access the Federal Registry. The following Federal Registry users will be subject to two-factor authentication: Which NMLS users will be subject to two-factor authentication? The State Regulatory Registry (SRR) is implementing this feature in connection with the Federal Registry to satisfy federal data security standards requiring individuals who have access to personally identifying information to provide an additional level of verification prior to gaining access to the information. Why is two-factor authentication required? Two-factor authentication is a process by which two independent authentication methods (such as a security code produced by a physical token in addition to a user name and password) are utilized to increase confidence that an individual attempting to access a secure system is authorized to do so. ![]()
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