twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.elliemae.com

subscribe to free Mortgage Daily email newsletter


Mortgage License News | State Agencies | NMLS Registration Statistics
Mortgage lending licenses and news about license issues by state. Mortgage broker licensing, license revocations and legislation.

www.mortgagebranchmanagerjobs.com
More Mortgage LOs Leave Banks for Non-Banks

NMLS count increases in 2017

March 12, 2018

By Mortgage Daily staff



As the number of residential loan originators grew last year, a bigger share of the group found themselves working at non-bank lenders for the second year in a row.

When 2017 concluded, there were 574,326 mortgage loan originators who were licensed or registered through the Nationwide Mortgage Licensing System.

Headcount for the nation's loan officers expanded compared to the end of 2016, when the number of loan officers in the database was 562,837.

In fact, the count has increased each year since 2014, when the number finished the year at 524,734, according to historical data from the Conference of State Bank Supervisors which presented the latest figures in the NMLS Mortgage Industry Report 2017 Q4 Update.

Included in the most-recent count were 158,199 state-licensed originators who maintained 562,760 licenses and 421,743 federally registered originators who worked at banks. There were 5,616 originators who maintained both a state license and a federal registration.

That left state-licensed originators with a 27 percent share, up from 26 percent a year earlier. It was the second consecutive year that state-licensed originators increased their share.

Bank originator share fell to 73 percent from 74 percent in the fourth-quarter 2016.

Originators employed by banks regulated by the Office of the Comptroller of the Currency made up 219,085 of the latest registered total. Another 90,215 worked at institutions supervised by the Federal Deposit Insurance Corp., 49,444 were on the payroll of banks regulated by the Federal Reserve Board, and 1,937 hung their hats at financial institutions that are overseen by the Farm Credit Administration.  In addition, 64,009 were employed by credit unions regulated by the National Credit Union Administration.

Companies in the NMLS system numbered 26,366 in the fourth-quarter 2017, more than 26,089 a year prior.

Company count included 16,966 state-licensed entities with 24,710 branches, more than the 16,355 with 22,937 branches at the end of 2016.

Also reflected in the company total were 9,491 financial institutions, fewer than the 9,831 banks and credit unions a year previous.

next story

back to current headlines



Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.


Credit Union news


Bank news


Mortgage Branch News | Net Branch | Mortgage Branch Directory
Coverage of new and existing net branch operations. Programs, payouts and other details. Profiles of brokers and net branch lawsuits.


Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

sales blog

secondary marketing

social media

servicing news

subprime news

wholesale lenders

wireless mortgage news