Banks Lose Mortgage LOs to Non-Banks

The number of mortgage loan officers registered in the national database has expanded over the past year as non-bank originator share widened.

Mortgage loan originators who were registered in the Nationwide Mortgage Licensing System as of the second-quarter 2016 numbered 537,950.

The count increased from three months earlier, when there were 527,132 registrations, and from one year earlier, when the total came to 522,938.


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From:: Financing

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