Over 500k Registered MLOs Under Expanded NMLS Criteria The fifth annual report of the State Regulatory Registry (SRR) shows substantial growth in its National Mortgage Licensing System (NMLS) as that system was expanded to allow state agencies to use it to manage a wide range of non-depository financial services licenses. At the end of the 2012 SRR reports that 13 state agencies were using NMLS to license a total of 37 non-mortgage license types including money services, debt collection, and consumer finance. At the end of the year NMLS contained active state licenses or federal registrations on approximately 30,000 unique companies and 520,000 individual state licensed or federally registered mortgage loan originators (MLOs). As the system of record for state regulatory agencies NMLS is able to track the number of unique companies and individuals as well as the number of licenses they hold in each state. At the end of the year there were 18,414 companies holding a total of 36,148 state licenses and 21,211 entities holding a total of 35,581 branch office licenses. There were 120,142 state licensed individuals holding a total of 258,948 licenses. read the full story at mortgagenewsdaily/06052013_nmls_mortgage_origination.asp
Posted on: Wed, 05 Jun 2013 19:05:27 +0000
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