More Mortgage Companies Entering the NMLS – NMP Skip to main content

More Mortgage Companies Entering the NMLS

Phil Hall
Sep 22, 2016

The number of unique state-licensed mortgage companies in the Nationwide Multistate Licensing System (NMLS) totaled 15,840 by the end of second quarter, an increase of 2.16 percent from the first quarter and 1.68 percent over the year, according to new data released by the Conference of State Bank Supervisors (CSBS).

In total, these unique state-licensed companies held 38,673 licenses in the NMLS during the second quarter, up three percent from the previous quarter and 5.77 percent from the previous year. The number of unique individuals licensed within NMLS totaled 133,868 by the end of second quarter, an increase of 4.6 percent since the first quarter and a 7.46 percent increase year-over-year. In total, these unique individuals held 426,475 licenses in the NMLS, up 8.2 percent from the previous quarter and a 21 percent spike from the second quarter of 2015.

Federally-registered institutions in NMLS totaled 9,751 by the end of the second quarter, a small uptick from the 9,691 in the first quarter but a 3.9 percent dip from one year earlier. Federally registered individuals within the NMLS totaled 407,992, up1.4 percent from the previous quarter and 1.37 percent over the year.

According to the 2016 Q2 NMLS Mortgage Industry Report, the number of forward loan originations reported by state-licensed companies in NMLS skyrocketed by 33.5 percent since the first quarter, although it was only up by a relatively mild1.8 percent over the year. On a year-over-year measurement, purchase volume was up 11.1 percent, while refinancing dropped 9.4 percent.

Published
Sep 22, 2016
Chairman Xu Sells Off Personal Assets To Avoid Default

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant.

Industry News
Nov 23, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Mortgage Company Donates $100K To High School In Memory Of Fallen U.S. Navy Corpsman

Cleveland-based CrossCountry Mortgage donated $100,000 to Milan Edison High School in memory of U.S. Navy Corpsman, Maxton W. Soviak, who died while assisting in the evacuation of Americans and refugees in Afghanistan in August.

Community
Nov 23, 2021
MISMO Seeks To Standardize Pre-Closing Title Data

Forming workgroup to focus on standardizing document datasets to streamline process and increase efficiency.

Industry News
Nov 23, 2021
Pandemic's Impact On Real Estate Around The World

Although the impact of the COVID-19 pandemic on the real estate industry has been well-documented within the United States, it’d be prudent to know how the global event impacted other countries as well. 

Industry News
Nov 22, 2021
Housing Market Potential Strengthens Modestly

First American Financial Corporation's Potential Home Sales Model for October 2021 reported that potential existing-home sales increased 0.1% month-over-month to 6.27 million, with household formation continuing to grow, largely driven by millennials.

Analysis and Data
Nov 22, 2021