The number of state-licensed mortgage companies totaled 15,842 at the end of the first quarter, down just 0.2% from 1Q 2012, according to a new report issued by the Conference of State Bank Supervisors.
The number of state-licensed loan officers employed by those mortgage companies rose by 7% from 1Q 2012 to 112,970 in 1Q 2013.
However, the number of licenses held by those mortgage loan officers increased 22% over one year to 252,555. That’s because CSBS has made it easier for
In one 12-month period, the number of LOs with licenses in more than 10 states jumped 52% to 4,685 as of March 31.
The National Mortgage Licensing System report also shows that state-licensed mortgage companies originated $764 billion in single-family loans in 2012.
