Reports provide clearer look into mortgage, debt collection, payday and MSB industries
WASHINGTON, D.C. – The Conference of State Bank Supervisors (CSBS), the national organization of state financial regulators from all 50 states and District of Columbia, Guam, Puerto Rico and U.S. Virgin Islands, has released Nationwide Multistate Licensing System (NMLS) data from the organization’s second quarter, ending June 30, 2016. The data provides a clearer look into the mortgage, debt collection, payday, and MSB industries.
Overview of Licensed & Registered Entities in the Mortgage Industry
The 2016 Q2 NMLS Mortgage Industry Report, a quarterly business report of mortgage information within NMLS, shows the number of unique state-licensed mortgage companies in NMLS totaled 15,840 by the end of Q2, an increase of 2.16 percent from Q1, and 1.68 percent over the year. In total, these unique state-licensed companies held 38,673 licenses in the System for Q2, an increase of 3.0 percent from Q1 and 5.77 percent over the year. NMLS data also show the number of unique individuals licensed within NMLS totaled 133,868 by the end of Q2, up by 4.6 percent since Q1 and by 7.46 percent over the year. In total, these unique individuals held 426,475 licenses in NMLS in Q2, an increase of 8.2 percent from Q1, and 21 percent over the year.
Federally registered institutions in NMLS totaled 9,751 by the end of Q2, a slight increase from 9,691 in Q1. This is a decrease of 3.9 percent since Q2 2015. Federally registered individuals within the System totaled 407,992 by end of Q2, an increase of 1.4 percent from the previous quarter and 1.37 percent over the year.
Overview of Forward Loan Originations by Type
According to the 2016 Q2 NMLS Mortgage Industry Report, the number of forward loan originations reported by state-licensed companies in NMLS increased by 33.5 percent since Q1, and by 1.8 percent over the year. Purchase volume is up 11.1 percent, while refinancing is down 9.4 percent, compared to Q2 2015.
Forward Loan Originations by Type
Active Mortgage Loan Originators (MLOs)
Since the second quarter of 2015 the number of active MLOs in NMLS has increased by 1.3 percent nationwide, according to the 2016 Q2 NMLS Mortgage Industry Report. During this same time period NMLS data show the number of active MLOs has increased by 35.4 percent for the top ten state-licensed companies (by origination volume).
Number of Active MLOs for State-Licensed Companies
The second quarter 2016 NMLS Mortgage Industry Report is available here.
Debt Collection Licenses in NMLS
According to Q2 NMLS data, as of June 30, 2016 there were 1,147 companies in NMLS that held 3,088 debt collection licenses from six state agencies.
Payday Licenses in NMLS
According to Q2 NMLS data, as of June 30, 2016 there were 629 approved payday licenses in NMLS managed by 11 states.
Money Services Business Licenses in NMLS
According to Q2 NMLS data, as of June 30, 2016 there were 1,895 companies in NMLS that held 4,310 approved MSB licenses from 34 agencies.