Nathan Knottingham predicts mortgage market bottom as state licensing activity rises
Updated
Updated · HousingWire · Apr 24
Nathan Knottingham predicts mortgage market bottom as state licensing activity rises
2 articles · Updated · HousingWire · Apr 24
Recent NMLS data from Q3 2025 reveals overall licensed individuals are down, but state-specific licensing is increasing, especially in selective categories in California, Texas, New York, and Hawaii.
Surviving originators are strategically expanding into new states, adapting business models, and investing in opportunities where returns are expected, signaling resilience and flexibility in the industry.
Knottingham urges mortgage executives to prioritize investing in people and culture, arguing these practices will position companies for growth when the market rebounds from its current downturn.
Are mortgage pros overinvesting in Texas and California, ignoring other boom states?
As top brokers expand, can independent originators still thrive without multi-state licenses?
Will recent deregulation efforts actually lower mortgage costs for consumers?
With mortgage rates easing, will homeownership become affordable again in 2026?
Will the broker channel's growth be capped by the housing affordability crisis?
How will AI change a mortgage broker's daily job within the next year?