NMLS Mortgage Industry Report

2015 Q2 Update

Released September 9, 2015

Conference of State Bank Supervisors

1129 20th Street, NW, 9th Floor

Washington, D.C. 20036-4307

NMLS Mortgage Industry Report: 2015Q2 Update This report compiles data concerning companies, branches, and mortgage loan originators (MLOs) who

are licensed or registered through NMLS in order to conduct mortgage activities. This includes both

state-licensed and federally registered companies and Mortgage Loan Originators.1

Contents

1. Mortgage Entities in NMLS

2. State-Licensed Mortgage Entities, June 30, 2015

3. 2015Q2 State Licensing Activities: Mortgage Company Licenses

4. 2015Q2 State Licensing Activities: Mortgage Loan Originator Licenses

5. Mortgage Call Report

6. Federally Registered Mortgage Loan Originators

1. Mortgage Entities in NMLS

State-Licensed Entities

Type Unique entities Licenses

Company 15,577 36,563

Branch 20,595 45,873

Individual 124,568 351,940

NOTE: Includes companies holding an approved state license or a state registration through NMLS. License counts include separate licenses required for DBAs (“Other Trade Name”) required in certain states and multiple licenses for different authorities (e.g. Lender and Broker) required in certain states.

Federally Registered Entities

Type Unique entities

Company 10,149

Individual 402,482

Dual Entities

A few companies and MLOs hold both an approved state license and an active federal registration.

Type Unique entities

Company 96

Individual 4,112

1 Unless otherwise noted, all figures cover activity from 2015Q2, or statuses as of June 30, 2015.

2

2. State-Licensed Mortgage Entities1, June 30, 2015

BRANCH

State Agency Companies

Annual

percentage

change2

Located in the

state3 Branches MLOs

Annual

percentage

change2

Located in

the state3

Average MLOs

per Company

Alabama 507 7.2% 111 817 7,234 21.1% 824 15.1

Alaska 163 8.7% 32 207 1,289 5.1% 181 8.2

Arizona 729 -0.1% 397 1,722 7,890 4.2% 3,980 12.9

Arkansas 316 4.6% 27 426 2,601 7.2% 188 9.0

California BRE 5,771 -0.1% 5,699 986 17,887 -1.4% 16,574 2.8

California DBO 935 5.1% 398 5,080 23,853 7.5% 11,553 26.6

Colorado 1,084 2.7% 460 (6) 8,617 5.7% 2,733 8.6⁷

Connecticut 603 4.9% 147 595 5,880 10.3% 905 9.7

Delaware 332 11.4% 14 554 2,939 5.7% 197 10.2

District of Columbia 439 6.6% 6 666 3,323 17.1% 57 8.8

Florida 2,027 6.0% 1,079 2,088 19,505 10.3% 7,152 9.4⁷

Georgia 887 6.9% 377 493 9,707 16.1% 2,247 12.1

Guam 8 (5) 1 5 1 - 1 1.0

Hawaii 287 1.4% 105 168 1,638 1.0% 694 7.0

Idaho 318 7.8% 36 521 2,697 3.0% 505 7.4

Illinois 731 1.1% 282 423 9,500 4.0% 3,290 13.9

Indiana DFI 351 3.2% 31 (6) 7,330 12.0% 896 20.5

Indiana SOS 145 -2.0% 80 16 488 -8.3% 215 2.7

Iowa 510 5.8% 101 706 3,436 6.0% 217 12.5

Kansas 405 5.2% 37 656 3,676 6.1% 561 12.4

Kentucky 431 2.1% 69 695 6,006 15.4% 917 16.6

Louisiana 468 5.9% 175 774 6,242 9.6% 984 12.0

Maine 310 0.3% 44 452 2,660 28.0% 263 10.6

Maryland 774 2.8% 198 1,280 9,149 6.7% 2,117 13.4

Massachusetts 495 -1.8% 177 895 7,251 -0.1% 1,628 15.7

Michigan 704 4.9% 286 (6) 8,612 6.0% 4,001 13.8

Minnesota 579 2.5% 173 508 4,469 0.9% 1,385 10.6

Mississippi 306 1.7% 42 441 3,006 21.1% 356 9.8

Missouri 430 (5) 206 589 4,385 1.6% 1,706 11.1⁷

Montana 247 5.1% 31 319 1,844 9.4% 122 8.4

Nebraska 332 3.8% 32 438 2,121 4.6% 165 8.7

Nevada 313 8.3% 108 474 4,876 18.2% 1,741 15.3

New Hampshire 372 1.4% 35 605 3,269 4.1% 452 11.4

New Jersey 723 0.6% 283 1,132 11,909 9.5% 3,445 14.6

New Mexico 374 -0.5% 56 616 3,958 15.3% 430 9.6

New York 842 -4.4% 562 734 6,863 5.4% 2,748 9.3

North Carolina 556 3.5% 147 914 9,668 7.5% 2,060 16.8

North Dakota 366 8.3% 32 372 1,968 9.6% 60 10.0

Ohio 570 0.9% 227 1,812 7,775 21.6% 2,319 16.0

Oklahoma DCC 333 6.1% 64 481 4,074 24.4% 496 11.2

Oregon 620 1.5% 167 1,300 7,176 12.6% 1,729 11.6

Pennsylvania 847 4.1% 372 1,466 12,308 9.6% 2,668 12.8

Puerto Rico 85 7.6% 34 121 414 8.7% 279 8.6

Rhode Island 345 2.4% 31 356 2,249 -3.5% 438 10.4

South Carolina BFI 343 3.3% 15 762 5,168 9.2% 589 13.4

South Carolina DCA 159 12.8% 115 61 398 -11.8% 287 2.2

South Dakota 253 8.6% 6 (6) 1,853 12.5% 85 10.5

Tennessee 567 3.3% 105 1,392 8,158 12.2% 1,458 15.2

Texas OCCC (4) (4) - (6) 362 -20.8% 65 (7)

Texas SML 1,526 0.7% 1,000 2,391 18,712 11.5% 7,627 11.5

Utah DFI (4) (4) - (6) 216 5.9% 4 (7)

Utah DRE 471 -0.6% 249 328 4,482 3.0% 2,529 8.9

COMPANY MLO

3

BRANCH

State Agency Companies

Annual

percentage

change2

Located in the

state3 Branches MLOs

Annual

percentage

change2

Located in

the state3

Average MLOs

per Company

COMPANY MLO

Vermont 293 8.9% 22 358 1,498 5.1% 86 8.2

Virgin Islands 34 6.3% 1 44 95 0.0% 20 4.4

Virginia 769 3.4% 227 1,734 12,656 9.9% 2,269 16.1

Washington 819 0.6% 214 2,051 13,037 12.8% 3,224 16.1

West Virginia 331 4.4% 29 395 1,816 -0.4% 96 7.3

Wisconsin 443 2.5% 71 841 6,542 11.0% 769 15.6

Wyoming 223 4.2% 6 286 1,802 7.3% 46 9.2

Nationwide 15,577 0.2% - 20,595 124,568 1.1% - 7.8

Notes:

2. Percentage change indicates the overall increase or decrease in licensed entities that occurred over the previous 12 months.3. Located in the state means that the company's headquarters, as identified on their NMLS Company Form, is located in the state, or the MLO's work

address, as identified on their NMLS Individual Form, is located in the state.

7. The following agencies do not require Sponsorship of MLOs by the employing company: Colorado, Florida, Missouri, Texas OCCC, Utah DFI. MLOs located

in the state and Average MLOs per Company may not be accurate.

4. The following agencies did not manage mortgage company licensing through NMLS in 2015Q2: Texas OCCC, Utah DFI.

1. This report counts the number of companies, branches, and mortgage loan originators in each state, regardless of the number of licenses these entities

may hold in each state. Thus, if a company holds two licenses within a state (e.g. broker and lender), the company is only counted once. The same is true

for the Average MLOs per Company. Nationwide figures, similarly, only count each company, branch or individual once.

5. Guam and Missouri did not manage mortgage company licensing through NMLS in 2014Q2. Annual percent change cannot be determined.6. The following agencies did not manage mortgage branch licensing through NMLS in 2015Q2: Colorado, Indiana DFI, Michigan, South Dakota, Texas OCCC,

Utah DFI.

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3. 2015Q2 State Licensing Activities: Mortgage Company Licenses1

State Agency New Applications Approved Denied Withdrawn Revoked Surrendered Terminated

Alabama 20 25 - 2 - 3 -

Alaska 12 9 - 1 - 1 -

Arizona 44 36 - 6 - 11 2

Arkansas 18 12 - 2 - 6 -

California BRE 164 153 1 1 - - 1

California DBO 51 51 - 22 15 21 -

Colorado 39 39 - - - 1 -

Connecticut 39 30 - 3 - 9 -

Delaware 11 10 - - - 5 -

District of Columbia 18 24 - 3 - 5 -

Florida 103 98 - 10 - 13 1

Georgia 27 44 - 10 - 12 -

Guam 2 1 - - - - -

Hawaii 20 8 (2) 2 - 1 -

Idaho 22 12 - 4 - 4 -

Illinois 14 25 - 11 13 21 -

Indiana DFI 12 13 - 1 - 2 -

Indiana SOS 6 6 - - - 1 1

Iowa 22 19 - 2 - 7 -

Kansas 16 16 - - - 6 -

Kentucky 13 15 - - 1 3 -

Louisiana 28 25 - 1 - 4 2

Maine 15 12 - 1 - 2 -

Maryland 26 33 - 1 - 1 -

Massachusetts 39 23 - 28 - 13 1

Michigan 36 37 - 7 - 17 -

Minnesota 21 24 - 2 - 4 -

Mississippi 10 6 - 1 - 3 -

Missouri 12 10 - 3 - 5 8

Montana 16 11 - - - 2 -

Nebraska 12 9 - 1 - 8 -

Nevada 10 10 - 3 - 4 -

New Hampshire 9 8 - - - 5 -

New Jersey 22 14 - 1 - 6 -

New Mexico 11 8 - - - 2 -

New York 15 4 - 1 - 12 32

North Carolina 36 19 1 13 - 4 -

North Dakota 12 12 - - - 5 -

Ohio 23 28 - 2 - 15 2

Oklahoma DCC 18 22 - 1 - 10 -

Oregon 26 26 - 1 - 7 -

Pennsylvania 26 35 - 2 - 12 -

Puerto Rico 2 3 - - - 5 -

Rhode Island 54 14 - - - 14 -

New

ApplicationsApplications Processed License Expirations

5

State Agency New Applications Approved Denied Withdrawn Revoked Surrendered Terminated

New

ApplicationsApplications Processed License Expirations

South Carolina BFI 18 19 - - - 3 2

South Carolina DCA 13 16 - 1 - 4 -

South Dakota 12 11 - 1 - 3 -

Tennessee 17 18 1 2 - 1 -

Texas SML 72 36 - 2 - 16 -

Utah DRE 21 19 - - - 5 -

Vermont 26 24 - 6 - 5 -

Virgin Islands 2 2 - - - - -

Virginia 23 33 - 9 4 17 -

Washington 30 32 - 16 - 21 -

West Virginia 19 7 - 4 - 3 -

Wisconsin 10 12 - 1 - 10 -

Wyoming 11 14 - 1 - 5 -

National 1,426 1,282 3 192 33 385 52

Notes

2. The Hawaii Division of Financial Institutions has indicated that it is not able to release the number of license applications denied.

Definitions

Surrendered-Status assigned when a regulator approved a surrender/cancellation request submitted by the licensee/registrant.

Terminated-Status assigned when a regulator expires a license/registration.

Withdrawn- Status assigned when an applicant has been approved to voluntarily withdraw their application or has not responded to

regulator requests for additional information within a timely manner.Revoked-Status assigned when a regulator has taken action to revoke the license/registration. Pursuant to federal SAFE legislation,

placement of a MLO license into this status will render the MLO unable to obtain or maintain a license to conduct mortgage business in any

jurisdiction.

Approved-Status assigned when regulator has reviewed the license/registration application and decided to issue a license to the applicant

through NMLS. Denied-Status assigned when a regulator has reviewed the license/registration application and determined that sufficient grounds exist to

deny the request. This status may also be used by regulators who deny a renewal request for license.

1. The following agencies did not manage mortgage company licensing through NMLS in 2015Q2: Texas OCCC, Utah DFI.

6

4. 2015Q2 State Licensing Activities: Mortgage Loan Originator Licenses

State Agency New Applications Approved Denied Withdrawn Revoked Surrendered Terminated

Alabama 974 918 1 51 - 34 -

Alaska 114 99 1 5 - 6 -

Arizona 527 477 - 63 - 28 1

Arkansas 216 215 - 4 - 142 -

California BRE 511 338 1 4 - - 1

California DBO 2,087 1,980 - 46 - 87 6

Colorado 697 522 - - - 6 -

Connecticut 836 698 2 50 - 29 -

Delaware 329 279 - 13 - 78 16

District of Columbia 426 464 - 11 - 11 -

Florida 1,398 1,327 9 56 - 58 -

Georgia 1,128 948 7 169 - 147 89

Hawaii 123 80 (1) 2 - 8 -

Idaho 306 228 1 37 - 11 -

Illinois 611 608 - 15 1 38 -

Indiana DFI 745 717 - 10 - 27 1

Indiana SOS 29 23 1 2 - - -

Iowa 402 404 - - - 9 -

Kansas 486 424 8 15 - 12 2

Kentucky 723 713 - 25 - 302 -

Louisiana 633 581 - 2 - 23 -

Maine 429 436 - - - 8 -

Maryland 980 818 1 136 - 11 -

Massachusetts 541 441 - 87 - 38 -

Michigan 959 790 1 150 - 41 -

Minnesota 312 269 - 21 - 12 -

Mississippi 456 370 - 17 - 176 1

Missouri 376 313 - 28 - 20 11

Montana 250 209 - 4 - 8 -

Nebraska 283 197 1 14 - 12 2

Nevada 590 500 - 31 - 13 -

New Hampshire 280 219 - 19 2 124 -

New Jersey 1,120 914 - 72 - 49 2

New Mexico 501 497 - 1 - 21 -

New York 571 444 1 120 - 3 -

North Carolina 1,094 1,018 - 83 - 49 3

North Dakota 236 226 - 2 - 7 -

Ohio 1,242 1,208 6 53 - 57 -

Oklahoma DCC 473 452 - 1 - 110 3

Oregon 986 819 - 18 - 23 -

Pennsylvania 1,138 1,040 - 39 - 54 2

Puerto Rico 20 24 - - - 4 -

Rhode Island 248 161 - 4 - 2 -

South Carolina BFI 450 415 - 20 - 24 -

New

ApplicationsApplications Processed License Expirations

7

State Agency New Applications Approved Denied Withdrawn Revoked Surrendered Terminated

New

ApplicationsApplications Processed License Expirations

South Carolina DCA 33 26 - 7 - - -

South Dakota 305 255 - 6 - 6 -

Tennessee 864 842 29 7 - 36 -

Texas OCCC 54 33 2 13 - 1 -

Texas SML 1,884 1,525 16 97 - 68 -

Utah DFI 26 17 - 8 - - -

Utah DRE 276 255 1 7 - 13 3

Vermont 142 106 - 12 - 2 -

Virgin Islands 6 5 - - - - -

Virginia 1,541 1,214 - 155 - 77 75

Washington 1,393 1,311 1 29 - 48 1

West Virginia 157 139 - 13 - 9 -

Wisconsin 705 675 - 25 - 24 1

Wyoming 359 267 5 5 - 8 9

National 34,581 30,493 95 1,884 3 2,214 229

National 69,162 60,986 190 3,768 6 4,428 458

Notes

1. The Hawaii Division of Financial Institutions has indicated that it is not able to release the number of license applications denied.

Definitions

Surrendered-Status assigned when a regulator approved a surrender/cancellation request submitted by the licensee/registrant.

Terminated-Status assigned when a regulator expires a license/registration.

Revoked-Status assigned when a regulator has taken action to revoke the license/registration. Pursuant to federal SAFE legislation,

placement of a MLO license into this status will render the MLO unable to obtain or maintain a license to conduct mortgage business in any

jurisdiction.

Approved-Status assigned when regulator has reviewed the license/registration application and decided to issue a license to the applicant

through NMLS. Denied-Status assigned when a regulator has reviewed the license/registration application and determined that sufficient grounds exist to

deny the request. This status may also be used by regulators who deny a renewal request for license.

Withdrawn- Status assigned when an applicant has been approved to voluntarily withdraw their application or has not responded to

regulator requests for additional information within a timely manner.

8

5. Mortgage Call Report Starting in 2011, state-licensed mortgage companies began submitting a quarterly call report of

mortgage activity through the NMLS Mortgage Call Report.

Loan Originations by Purpose

Forward loan originations reported by state-licensed companies have more than doubled since

2014Q1. Home purchase volume increased 22 percent compared to the same quarter last year, and 57

percent from 2015Q1.

Active MLOs

The number of Active MLOs* in 2015Q2 saw an increase of three percent nationwide and 20 percent for

top ten state-licensed companies (by origination volume) year over year.

* An active MLO originated at least one loan in the quarter.

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$50

$100

$150

$200

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Home Purchase Refinancing Home Improvement

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Tho

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Number of Active MLOs for All State-Licensed Companies

Active MLOs Top 10

9

6. Federally Registered Mortgage Loan Originators, June 30, 2015

State Total

Annual

percentage

change

FDIC FRB NCUA OCC FCA

Alabama 6,478 1.0% 2,123 1,813 952 1,538 81

Alaska 690 14.6% 114 2 104 478 -

Arizona 10,255 3.0% 460 567 1,236 8,021 1

Arkansas 4,039 4.9% 881 2,012 230 875 82

California 42,150 2.5% 4,654 1,584 4,889 31,165 -

Colorado 8,164 5.2% 1,445 917 1,100 4,745 1

Connecticut 5,751 1.9% 1,183 64 463 4,055 2

Delaware 1,430 -15.9% 92 328 129 875 9

District of Columbia 1,096 7.3% 91 50 164 792 -

Florida 24,292 4.6% 3,206 3,494 3,899 13,808 38

Georgia 9,180 3.8% 3,607 1,085 703 3,804 56

Guam 112 -1.8% 66 19 20 8 -

Hawaii 1,930 3.0% 604 484 399 450 3

Idaho 2,511 6.2% 764 11 505 1,243 7

Illinois 18,098 1.7% 3,905 2,099 1,493 10,684 8

Indiana 8,296 2.8% 1,641 1,284 1,509 3,833 75

Iowa 5,516 3.6% 2,187 573 873 1,878 23

Kansas 4,396 0.5% 1,403 679 555 1,783 21

Kentucky 6,109 1.5% 2,301 833 525 2,399 77

Louisiana 6,133 4.6% 2,612 909 589 2,010 47

Maine 1,767 2.6% 569 21 432 747 2

Maryland 6,609 0.2% 1,182 1,471 747 3,262 46

Massachusetts 9,309 3.1% 3,033 538 1,619 4,158 -

Michigan 12,676 5.2% 1,343 2,885 2,733 5,705 94

Minnesota 7,729 -3.2% 1,923 180 1,161 4,470 49

Mississippi 3,488 1.1% 1,958 609 159 720 48

Missouri 9,267 0.1% 2,447 1,980 917 3,930 27

Montana 1,485 3.0% 489 421 221 361 5

Nebraska 3,441 1.1% 1,297 290 580 1,273 16

Nevada 2,725 4.4% 460 28 215 2,031 -

New Hampshire 1,646 4.8% 373 9 303 966 -

New Jersey 11,935 6.2% 1,953 237 480 9,326 1

New Mexico 1,747 -3.4% 420 91 182 1,058 6

New York 25,393 2.7% 1,024 2,507 2,676 19,224 6

North Carolina 11,512 4.9% 3,941 736 2,456 4,259 160

North Dakota 1,126 3.8% 443 16 222 448 -

Ohio 16,825 0.3% 1,575 2,294 1,861 11,082 87

Oklahoma 4,686 -1.5% 1,542 1,249 453 1,464 35

Oregon 6,100 4.7% 1,515 43 1,441 3,117 8

Pennsylvania 18,121 1.0% 5,413 1,917 2,177 8,932 60

Puerto Rico 842 -8.8% 240 215 345 41 5

Rhode Island 1,663 1.1% 299 76 315 979 -

10

State Total

Annual

percentage

change

FDIC FRB NCUA OCC FCA

South Carolina 4,543 -1.9% 2,168 181 739 1,440 44

South Dakota 1,358 -1.2% 422 137 183 612 11

Tennessee 7,906 1.3% 2,920 1,914 908 2,137 66

Texas 25,614 2.5% 4,007 3,510 2,305 15,733 232

Utah 4,112 4.3% 377 100 1,667 1,995 -

Vermont 789 -2.0% 152 7 185 445 -

Virgin Islands 98 12.6% 21 6 44 28 -

Virginia 10,949 1.6% 2,241 2,332 2,565 3,806 91

Washington 9,463 5.5% 2,663 108 2,366 4,361 7

West Virginia 1,760 -0.6% 816 267 143 532 12

Wisconsin 8,739 3.7% 1,764 457 2,001 4,449 103

Wyoming 970 4.3% 224 320 163 267 3

Nationwide 402,468 2.6% 84,515 45,947 55,276 217,622 1,754

FDIC - Federal Deposit Insurance Corporation

FRB - Board of Governors of the Federal Reserve Board

NCUA - National Credit Union Administration

OCC - Office of the Comptroller of the Currency

FCA - Farm Credit Administration

NOTE: The number of MLOs in each state is determined by the work address provided in each MLO's record.

11