Individual Loan Officer Applications Fall for the First Time Since 2011

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Posted To: MND NewsWire

NMLS has reported that 120,142 individuals are now licensed by the states as mortgage loan originators (MLOs) as are 16,688 companies. NMLS's Fourth Quarter report includes tallies on both state licensed or registered loan originators and those licensed by federal government agencies. The 16,688 companies which have 18,819 branches hold a total of 33,872 licenses. These licenses include separate licenses required for other trade names or for different authorities (i.e. Lender and Broker) required in some states. Federal licenses are held by 124 of the state licensed companies. Individual licensees hold 258,948 licenses and 5,530 hold both state licenses and federal registration. In the fourth quarter applications for licensing/registration were submitted by 1,082 companies, 3,021 branches,...(read more)

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Source: http://www.mortgagenewsdaily.com/02252013_mortgage_licensing.asp

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