Mortgage License Renewal Applications Up
The State Regulatory Registry, which runs the Nationwide Multistate Licensing System, says that mortgage loan originator and company renewals for 2015 are off to a strong start.
As of the end of last month 57.2% of all lenders licensed within the system have applied for renewals, about 3.3% higher than at the same time last year and 66% of licensed financial institutions have applied for renewal.
In addition, 65% of the state-licensed MLOs have completed their continuing education requirements.
A total of 13,615 companies, 17,420 branches and 129,492 individual licensees have applied for and received renewals.