Approved course providers are advised that with the launch of the new Education Management System (EMS), American Express will longer be an option to pay for education-related fees. Credit card fee payment options will only include Visa and MasterCard. NMLS is pleased to announce, however, that it will also begin accepting ACH, which is a payment option that has been requested for some time. The reason for the change is PULSE Portal is owned and operated by PearsonVue which collects fees on behalf of NMLS. With the launch of the new EMS, NLMS will assume responsibility for processing all payments just as it does with all other MLO state licensing fees.
Course providers can continue to use American Express when paying for fees within the PULSE Portal. However, as processes transition from PULSE Portal to the new EMS between May 1 and June 24, any process requiring a payment in the new EMS will need to be paid for using Visa, MasterCard or ACH.
Additional information about the new EMS fee payment options and other payment policy details has been posted on the course provider section of the NMLS resource center at http://mortgage.nationwidelicensingsystem.org/courseprovider/Course%20Provider%20Resources/NMLS%20EMS%20PAYMENT%20OPTIONS.pdf