Tag Archives: Nationwide Multistate Licensing System

Mortgage originator fined $31K, loses license in 19 states

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The settlement resolves allegations that someone else took pre-licensing and continuing education courses that Colorado-based loan officer claimed credit for. Continue reading →

Better shares soar on bullish thesis by activist investor Eric Jackson

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EMJ Capital’s founder posted a thesis on X that Better Home & Finance is “the Shopify of mortgages” with the potential for AI to boost capacity and fuel explosive growth. Continue reading →

Big Purple Dot launches recruiting tool for mortgage lenders

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BPD Recruit taps CoreLogic data to let lenders see who their competitors’ most productive loan officers are, then automates the process of luring them away. Continue reading →

Mortgage database created to track bad actors now a recruiting tool

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Unique IDs created by Nationwide Multistate Licensing System can reveal competitors’ loan originations by product, loan amount, geography and loan officer. Continue reading →

Regulators probe ‘education fraud scheme’ by loan originators

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California is leading a multi-state regulatory task force investigating a company suspected of allowing mortgage loan originators to skirt their pre-licensing and continuing education coursework requirements. Continue reading →