Introduction to Becoming an MMC EIC Training

1/26/2023

Internal Use Only

Multistate Mortgage Committee (MMC) How is it done? • MMC multistate exam schedule shared with all state agency mortgage contacts each November via an online survey • Survey informs state system of upcoming exams & requests participation, including interest in leading as the EIC or SPOC • Any agency can volunteer to lead an MMC exam • Beginning 2023, MMC limit participation to 10 state agencies per exam • Limiting participants encourages agencies to accept or leverage results & reduces regulatory burden of the MME being examined

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Internal Use Only

Multistate Mortgage Committee (MMC) Training: • To encourage leadership participation on MMC exams & broaden the pool & expertise of mortgage examiners capable of leading these exams, the MMC introduced this training in November 2021 • Training provides mortgage examiners an understanding of the MMC exam process & the management role & responsibilities of the EIC

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