The number of mortgage loan originator licenses grew by 13.5% in 2015, according to the 2015 Nationwide Multistate Licensing System Mortgage Industry Report released in March. In addition, all state agencies saw net growth in the number of MLOs licensed by their agency.
The report contains information on companies, branches and MLOs who are registered through the NMLS to conduct mortgage activities
State-licensed MLOs grew by 2.5% over the past year, while the number of MLO licenses grew by 13.5%, according to the report.
In 2015, the NMLS approved 408,543 MLO licenses compared with 359,992 in 2014.
The report noted that while most state-licensed companies and individuals operate in a single state, the number of entities and individuals licensed in multiple states continues to grow. In both 2014 and 2015, the number of state-licensed MLOS operating in just one state declined by 1%, while the number operating in more than 10 states increased by 22% in 2015 and 27% in 2014.
Forward loan originations reported by state-licensed companies decreased by 12.5% during the final quarter of 2015, but increased 9.5% over the year, according to the report.
The number of MLOs who entered the NMLS Federal Registry increased slightly in 2015. States and territories that saw the highest percentage growth in federally registered MLOs in 2015 were Alaska, District of Columbia, New Hampshire, North Carolina and Idaho. Those with the highest percentage decline in 2015 include Puerto Rico, Delaware, Virgin Islands, Vermont and New Mexico.
In 2014, states and territories with the highest percentage growth in federally registered MLOs were Arkansas and Oklahoma, and those with the biggest decline were Nevada and Vermont.
To view the full report, see http://mortgage.nationwidelicensingsystem.org/about/Reports/2015-Annual-Mortgage-Report.pdf
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