More Originators And Fewer Mortgage Companies - NMLS Report

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Posted To: MND NewsWire

The number of state licensed mortgage companies registered with the National Mortgage Licensing System (NMLS) decreased by 2.3 percent on an annual basis while the number of individual loan originators increased by a nearly identical amount according to one of two third quarter reports issued by NMLS on Thursday. The number of institutions registered with the federal government increased by 1.4 percent and loan originators by 1.8 percent on a quarterly basis. State licensure information and federal registration data are reported on the state level and in separate reports NMLS reported that, at the end of September there were 16,397 companies holding state licenses and 18,449 branches; 10,907 institutions were registered with a federal regulatory agency. Both state and federal licenses were...(read more)

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Source: www.mortgagenewsdaily.com

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