First-Ever Comprehensive Look at U.S. Residential Mortgage Originators

Based on the NMLS Federal Registry Quarterly Report for the first quarter of 2012 that was released today, there is reason to be optimistic about mortgage origination in the United States.  This report, along with the Nationwide View of State-Licensed Mortgage Entities report, provides a comprehensive overview of all individuals, mortgage companies and depository institutions originating residential mortgages in the country.  According to the report:

  • 15,883 companies are licensed through NMLS, up 6% from Q1 2011;
  • MLOs totaled 105,595, an increase of 5.5% from Q1 2011;
  • The total number of licenses held by companies increased 12% from Q1 2011 to 31,686; and
  • The number of total licenses held by MLOs increased by 13% from Q1 2011 to 207,187.

The Real Estate Institute can attest to an increase in the number of students enrolling in NMLS mortgage licensing courses.  According to Peter Citera, Director of Mortgage Education at the Real Estate Institute, “A growing number of our pre-license students were formerly in the mortgage industry.  As they hear about the opportunities with the historically low rates and the increasing number of refinances, they are getting back into the business.”

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