New York's banking regulator said Thursday that he intends to simplify state requirements for obtaining a mortgage banking license.

"We undertook a top-to-bottom review and found a number of areas where we could dramatically improve the speed and efficiency of our mortgage licensing process—without sacrificing vital consumer protections," said Benjamin Lawsky, superintendent for Financial Services, in a June 5 press release.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry