NMLS View on State-Licensed Mortgage Entites

The Nationwide Mortgage Licensing System and Registry (NMLS) published a report compiling data regarding the status of state approved entities and licenses tracked though the NMLS system for the first two quarters of 2011.

According tot he NMLS "Nationwide View on State Licensed Mortgage Entites" report, at the end of the first quarter 2011, there were 131,035 total entities licensed in the NMLS, including, 14,980 company licenses, 15,957 branch licenses and 100,098 individual licenses. Among the companies licensed, 3,515 self-reported reverse mortgages in their business actives, amounting to 23% of the licensed companies.

By the end of the second quarter, the number of licenses increased to 140,421, including 16,153 company, 17,387 branch and 106,881 individual licenses.  The total number of licensed increased by just over 7% in the second quarter.

Of the companies licensed, 83% or 12,503 held licensed in a single state, only 1,317 held licenses in 3 or more states.

In terms of originators, the percentages resembled those of the companies with a slightly smaller percentage, 80% holding a single state license.  A little over 9% hold 3 or more individual state licenses.

California, by far, has the largest number of licensees with over 6,200 companies and 31,500 individuals licensed.  Texas was second with just under 1,500 companies and 12,000 originators, followed by Florida with about 1,150 companies and 8,073 companies.

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