MORTGAGE LOAN PROCESSING House SponsorsRep. Margo McDermed 1/10/2017HouseSession Sine Die 205 ILCS 635/1-3from Ch. 17, par. 2321-3205 ILCS 635/1-4 Amends the Residential Mortgage License Act of 1987. Provides that an entity engaged solely in independent loan processing or underwriting is exempted from certain licensing requirements. Provides that those entities engaged solely in independent loan processing or underwriting shall submit an annual application for registration as an exempt entity with the Department of Financial and Professional Regulation through the Nationwide Mortgage Licensing System and Registry and comply with specific requirements. Adds those entities to the definition of "exempt person or entity". Excludes independent loan processing or underwriting from the definition of "loan brokering", "brokering", or "brokerage services". Excludes independent loan processing or underwriting from the definition of "originating". Defines "independent loan processing or underwriting". Effective immediately. 2/11/2016HouseFiled with the Clerk by Rep. Margo McDermed 2/11/2016HouseFirst Reading 2/11/2016HouseReferred to Rules Committee 3/23/2016HouseAssigned to Executive Committee 4/8/2016HouseCommittee Deadline Extended-Rule 9(b) April 22, 2016 4/22/2016HouseRule 19(a) / Re-referred to Rules Committee 1/10/2017HouseSession Sine Die