NMLS Releases 2017 Mortgage Industry Report

NMLS recently released their annual Mortgage Industry Report covering the 2017 period detailing data concerning companies, branches, and mortgage loan originators (“MLO”s) who are licensed in NMLS to conduct mortgage loan activities.

The new report revealed that the number of state-licensed mortgage companies grew by 3.8 percent during 2017.  The number of MLOs grew by 8.9 percent and the number of individual licenses held grew by 15.3 percent.  Of those state-licensed MLOs, the number operating in just one state increased by 6 percent while the number operating in more than ten states increased by 18 percent in 2017.  Mortgage originations by state-licensed MLOs decreased in 2017 which NMLS attributes to the lower rate of refinances.  The number of federally registered entities decreased by 3 percent and federally registered MLOs remained relatively flat.