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, and
20,689 individuals. Applications were
approved for 837 companies, 2,587 branches, and 16,653 individuals. Once state agencies finished transitioning
company and MLO licenses into the NMLS system in mid 2011 the quarterly level
of new company applications has remained relatively static at around 1,100 to
1,200. Individual MLO applications however
have increased fairly steadily from a low of about 14,000 in the third quarter
of 2011 to the present level, although applications in Q4 were down slightly
from those in Q3.
During the quarter there were 19
company, 12 branch, and 8 MLO licenses revoked.
Eleven of the company licenses and all of the branch licenses were in
California as were four of the MLO licenses that were revoked.
At the end of the fourth quarter there
were 11,052 institutions holding federal registration, an increase of 1.3
percent from the third quarter. MLO
registrations totaled 399,286, an increase of 1.2 percent. The largest increases in individual licenses were
in Montana, up 5.1 percent and the District of Columbia, +3.7 percent. The largest declines were in Arizona, down
3.7 percent and New Hampshire which declined 2.9 percent.
The largest number of federal
registrations, 232,142, is through the Office of Comptroller of the Currency
with the next highest number, 74,868, registered with the Federal Deposit