As the number of mortgage loan officers expanded, the quarterly trend of originators fleeing financial institutions for non-bank home lenders continued.
As of March 31, there were 558,552 bank and non-bank mortgage loan originators who were registered in the NMLS database.
The total count increased from 553,104 in the first quarter of last year — marking the first drop in NMLS count from the first quarter to the first quarter since the tracking of the data began in 2011.
Source: Mortgage Daily
