number of companies holding licenses to lend, originate, or service
mortgage loans declined slightly in the first quarter of 2013 from
one year earlier but the numbers of licenses held by those companies
increased. The National Mortgage Licensing System issued its First
Quarter 2013 report this week showing an 0.2 percent decline to
15,842 unique companies holding NMLS licenses compared to a year
earlier but the number of licenses held by those companies was up 7
percent to 32,797.
number of individuals holding licenses as Mortgage Loan Originators
(MLOs) increased by 3.5 percent to 112,970 and the number of licenses
held by those individuals jumped 22 percent to 252,555. MLOs who
renewed expired licenses were counted as “new” licensees in
the NMLS data.
are 19,046 companies licensed to operate branches and a total of
34,295 branches authorized.
of companies and individuals licensed by NMLS do not necessarily
include those doing business under federal registration by such
agencies as the Office of Comptroller of the Currency. Dual
licensure/registration is held by 101 companies and 2,973
Applications for new
company licenses have held steady over the last six quarters,
averaging 1,400 per quarter. There were 1,494 applications in the
first quarter of 2013, an increase of 54 applications from the first
quarter of 2012. Applications for MLO licenses have increased
steadily over the last year. There were a total of 83,362
applications submitted in 2012 and 27,059 applications in the first
quarter of 2013, the highest number in NMLS’s brief history.
licensed by NMLS are involved in a number of businesses, the largest
of which is mortgage brokering.
percent of MLOs are licensed in only one state however over the past
year while the number of MLOs holding only one license has increased
three percent, the numbers holding multiple licenses increased at
higher rates with those holding more than 10 licenses jumping by 53
percent. The average number of state licenses per MLO is now 2.26
compared to 2.0 one year ago.
average licensed company employes 6.5 MLOs, up from 5.8 a year
earlier. There are an average of 14.5 licenses for MLOs in each
company compared to 11.4 in the first quarter of 2012. Mortgage
NMLS shows there were a total of 3,282,904
originated in 2012.