2016 NMLS Mortgage Industry Report

2016 NMLS Mortgage Industry Report

Released March 20, 2017 Conference of State Bank Supervisors 1129 20th Street, NW, 9th Floor Washington, D.C. 20036-4307

2016 NMLS Mortgage Industry Report

This report compiles data concerning companies, branches, and mortgage loan originators (MLOs) who are licensed or registered in NMLS in order to conduct mortgage activities. This includes both statelicensed and federally registered companies and MLOs.1 Contents

1. Report Summary 2. State-Licensed Companies and Individuals 3. Mortgage Call Report 4. Federally Registered Individuals

1. Report Summary

? During 2016, the number of state-licensed mortgage companies grew 2.2 percent. The number of licensed mortgage loan originators grew by 7.6 percent and the number of licenses held by MLOs grew by 19.4 percent.

? Mortgage originations by state-licensed MLOs surpassed $1 trillion, up 20 percent from 2015. ? Federally registered institutions have decreased by four percent and registered MLOs grew by

four percent in 2016.

1 Unless otherwise noted, all figures cover activity from 2016, or statuses as of December 31, 2016.

2

2. State-Licensed Companies and Individuals

In 2015, the number of state-licensed companies (entities) declined very slightly. In 2016, it grew by 2.2 percent.

Licensee Type

Mortgage Companies Mortgage Branches MLOs

Entities

16,355 22,937 145,253

Annual Growth

2.2%

8.3%

7.6%

Licenses

40,158 56,001 487,973

Annual Growth

6.2%

15.7%

19.4%

Change in Approved MLO Licenses As the graph below shows, MLO licenses continued to grow rapidly in 2016, up 19.4 percent from last year. However, it is the number of state-licensed individuals (as opposed to licenses) that grew significantly in 2016. Individual growth in 2016 was 7.6 percent, compared with 2.5 percent in 2015. The average number of state licenses held by an MLO is now 3.4 licenses per MLO, up from 3.0 licenses per MLO in 2015.

600,000

Approved MLO Licenses

500,000 400,000 300,000 200,000

2016

2015 2014 2013

2012 2011

100,000

0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

3

MLO License Growth and Attrition by State

Agency

Growth Licenses, 2015 (applications

year-end submitted 2015)

% Growth

Attrition (withdrawn, % Attrition expired 2015)

Licenses, 2016 year-end

National

408,542

158,188

39%

(78,757)

(19%)

487,973

AK

1,475

757

51%

(304)

(21%)

1,928

AL

8,778

3,373

38%

(1,482)

(17%)

10,669

AR

2,687

1,035

39%

(691)

(26%)

3,031

AZ

9,880

5,384

54%

(1,401)

(14%)

13,863

CA-DOC

27,401

10,956

40%

(4,819)

(18%)

33,538

CA-DRE

18,704

2,097

11%

(1,827)

(10%)

18,974

CO

9,902

5,642

57%

(2,225)

(22%)

13,319

CT

7,300

2,661

36%

(1,386)

(19%)

8,575

DC

4,153

1,557

37%

(569)

(14%)

5,141

DE

3,488

1,657

48%

(882)

(25%)

4,263

FL

22,041

4,948

22%

(2,704)

(12%)

24,285

GA

10,606

5,783

55%

(3,385)

(32%)

13,004

GU

1

3

300%

2

200%

6

HI

1,773

964

54%

(360)

(20%)

2,377

IA

4,085

2,254

55%

(713)

(17%)

5,626

ID

3,174

1,851

58%

(1,078)

(34%)

3,947

IL

10,609

5,091

48%

(2,075)

(20%)

13,625

IN-DFI

9,002

3,359

37%

(1,481)

(16%)

10,880

IN-SOS

540

129

24%

(116)

(21%)

553

KS

4,570

2,349

51%

(804)

(18%)

6,115

KY

6,861

3,233

47%

(2,246)

(33%)

7,848

LA

7,601

3,112

41%

(1,289)

(17%)

9,424

MA

8,133

2,432

30%

(1,840)

(23%)

8,725

MD

10,566

4,350

41%

(2,016)

(19%)

12,900

ME

3,329

1,931

58%

(529)

(16%)

4,731

MI

9,901

3,848

39%

(2,400)

(24%)

11,349

MN

4,971

1,311

26%

(692)

(14%)

5,590

MO

5,042

4,000

79%

(1,598)

(32%)

7,444

MS

3,257

1,739

53%

(1,230)

(38%)

3,766

MT

2,188

1,132

52%

(454)

(21%)

2,866

NC

11,747

4,602

39%

(2,407)

(20%)

13,942

ND

2,295

1,100

48%

(625)

(27%)

2,770

NE

2,503

1,245

50%

(627)

(25%)

3,121

NH

3,333

1,535

46%

(991)

(30%)

3,877

NJ

13,815

4,393

32%

(2,517)

(18%)

15,691

NM

4,919

1,913

39%

(788)

(16%)

6,044

NV

6,040

3,217

53%

(1,277)

(21%)

7,980

NY

7,300

2,605

36%

(1,760)

(24%)

8,145

OH

12,640

5,732

45%

(3,085)

(24%)

15,287

OK

5,232

2,092

40%

(868)

(17%)

6,456

OR

9,070

3,697

41%

(1,329)

(15%)

11,438

% Net Growth

19% 31% 22% 13% 40% 22% 1% 35% 17% 24% 22% 10% 23% 500% 34% 38% 24% 28% 21% 2% 34% 14% 24% 7% 22% 42% 15% 12% 48% 16% 31% 19% 21% 25% 16% 14% 23% 32% 12% 21% 23% 26%

4

PA PR RI SC SC-BFI SD TN TX-OCCC TX-SML UT-DFI UT-DRE VA VI VT WA WI WV WY

14,399 444

2,729 424

5,829 2,350 9,263

404 21,688

227 4,870 15,242

101 1,706 15,806 7,837 2,012 2,299

4,610 83

1,044 128

1,495 1,203 3,876

149 7,338

128 1,047 5,486

38 735 5,027 2,825 550 1,357

32%

(2,483)

(17%)

19%

(98)

(22%)

38%

(423)

(16%)

30%

(112)

(26%)

26%

(919)

(16%)

51%

(572)

(24%)

42%

(1,723)

(19%)

37%

(158)

(39%)

34%

(4,283)

(20%)

56%

(199)

(88%)

21%

(682)

(14%)

36%

(2,918)

(19%)

38%

(44)

(44%)

43%

(349)

(20%)

32%

(2,411)

(15%)

36%

(1,509)

(19%)

27%

(439)

(22%)

59%

(567)

(25%)

16,526 429

3,350 440

6,405 2,981 11,416

395 24,743

156 5,235 17,810

95 2,092 18,422 9,153 2,123 3,089

15% (3%) 23%

4% 10% 27% 23% (2%) 14% (31%) 7% 17% (6%) 23% 17% 17% 6% 34%

MLOs Operating in More than One State The number of state-licensed MLOs operating in just one state increased by four percent in 2016, while the number operating in more than ten states increased by 23 percent.

MLOs

18,000 16,000 14,000

15,399 14,098

12,000

10,000

8,000

6,000

4,000

2,000

0 2

12,143 10,397

6,479 5,608

8,744 7,566

3-5

6-10

11-20

Number of states in which MLO operates

4,390 3,075

21+

2015 2016

5

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