Bill Would Give Departing Bank LOs Temp Licenses
Legislation introduced in the Senate takes bank mortgage originators one step closer to being able to easily transition from a financial institution to a non-bank home lender.
Fewer Banks Offer Mortgages as Non-Banks Grow
The number of financial institutions offering mortgages has fallen, while non-bank providers are up. The shift pushed up non-bank loan officer share.
Guaranteed Rate Chief Stands Behind Executive
The founder and chief executive officer of Guaranteed Rate Mortgage stands behind his business development manager despite blemishes on her record.
Non-Bank Share of Mortgage LOs Continues to Expand
As the number of registered mortgage loan originators finished 2016 at the highest level yet, the non-bank share of loan officers continued to expand.
Ocwen Reaches $225 Million Settlement With CA
A $225 million settlement with the state of California resolves a consent order that was reached in early 2015 with an Ocwen Financial Corp. unit.
Range of Mortgage-Related Conferences During Q1
A range of mortgage-related events taking place during the first quarter of this year include a pair of commercial real estate conferences, a bankruptcy convention and an independent lender event.
Record Number of Mortgage Originators in NMLS
More home-lending originators are registered in the Nationwide Mortgage Licensing System than at any time since there registry went live.
2017 NMLS Renewal Activity Robust
Loan originators and the companies they work for have been busy renewing licenses through the Nationwide Multistate Licensing System.
PrimeLending Settles Allegations of Overcharges
PrimeLending has agreed to settle allegations that it overcharged interest to hundreds of California borrowers on new home loans they took out.
Banks Lose Mortgage LOs to Non-Banks
The number of mortgage loan officers registered in the national database has expanded over the past year as non-bank originator share widened.