Compare Your Company to Other Licensed Companies

The Nationwide Mortgage Licensing System & Registry (NMLS) has compiled information regarding licensees nationwide who are licensed in the first quarter of 2011. It can be accessed at http://mortgage.nationwidelicensingsystem.org/about/Documents/Quarter-1-2011-Licensing-Data.pdf

It shows how many licensees are licensed in more than one state, how many loan originators are sponsored by licensees, how many licensees have branch offices, etc. You can use the information for marketing purposes or for strategic planning purposes.

The Mortgage Call Report – It’s Back

Were you one of those mortgage company owners who were filing their Mortgage Call Reports late on Sunday, May 15, 2011? I had clients who sent me their information on 5:00 that afternoon and I was inputting information that evening. Don’t leave yourself in that position again. The Mortgage Call Reports for the 2nd quarter of 2011 are due on August 15, 2011. Don’t wait until the last minute to get your information together. As we get closer to the deadline, the NMLS computers work more slowly and it’s more difficult to get the information in. If you are having a fantastically busy summer, then hire outside help to get your Mortgage Call Report done. It’s money well spend because it lets you do what you do best - closing loans.