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
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 held by
121 companies. Individuals licensed by the
states totaled 115,826 and 394,470 were registered with the federal government
with 4,836 loan originators holding both credentials.
The 16,397 state-licensed companies held
a total of 33,129 licenses and operated 18,449 branches with 31,348
licenses. Individual loan officers held 243,840 licenses. The average company licensed on the state
level employed six loan originators.
During the quarter there were state
licenses issued to 1,106 new companies, 2,600 branches, and 20,837 individuals
and licenses were surrendered by 466 companies, 1,182 branches, and 1,313
individuals. Six companies and 11 loan
officer had their licenses revoked and 30 loans officers were suspended.
The state licensing report can be
and a state level summary of federally registered institutions and individuals
can be accessed here.