More Originators And Fewer Mortgage Companies – NMLS Report

The number of state licensed mortgagerncompanies registered with the National Mortgage Licensing System (NMLS) decreasedrnby 2.3 percent on an annual basis while the number of individual loanrnoriginators increased by a nearly identical amount according to one of two thirdrnquarter reports issued by NMLS on Thursday. rnThe number of institutions registered with the federal governmentrnincreased by 1.4 percent and loan originators by 1.8 percent on a quarterlyrnbasis.  State licensure information andrnfederal registration data are reported on the state level and in separaternreports </p

NMLS reported that, at the end ofrnSeptember there were 16,397 companies holding state licenses and 18,449 branches;rn10,907 institutions were registered with a federal regulatory agency.   Both state and federal licenses were held byrn121 companies.  Individuals licensed by thernstates totaled 115,826 and 394,470 were registered with the federal governmentrnwith 4,836 loan originators holding both credentials.  </p

The 16,397 state-licensed companies heldrna total of 33,129 licenses and operated 18,449 branches with 31,348rnlicenses.   Individual loan officers held 243,840 licenses.  The average company licensed on the staternlevel employed six loan originators.</p

During the quarter there were staternlicenses issued to 1,106 new companies, 2,600 branches, and 20,837 individualsrnand licenses were surrendered by 466 companies, 1,182 branches, and 1,313rnindividuals.  Six companies and 11 loanrnofficer had their licenses revoked and 30 loans officers were suspended.</p

The state licensing report can berndownloaded here</aand a state level summary of federally registered institutions and individualsrncan be accessed here.</p

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