Mortgage License Renewal Applications Up

Register now

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.

For reprint and licensing requests for this article, click here.
Compliance Training Nonbank Mortgage technology Dodd-Frank State regulators Certifications and licensing
MORE FROM NATIONAL MORTGAGE NEWS