The Problem...

For years, the mortgage industry has been mandated to hold many different licenses when performing mortgage related services. In particular, with the SAFE Act that went into effect in 2010, the licensing regulatory and compliance landscape has increased tenfold.

As of today, the mortgage industry continues to see regulatory developments and licensing changes that require companies to remain informed and in sync with each release and requirement. Currently, lenders have managed the maintenance of their hundreds, and often thousands, of licenses by manual spreadsheets.

As companies experience growth, constant human resource changes, branch acquisition and attrition, and as regulatory requirements increase, spreadsheet management is proving to be a compliance and management nightmare.
These companies are in desperate need of automation.




The Solution... License Tracker®



License Tracker® is a dynamic web-based solution that automates all licensing and education requirements, regulation changes, and deadlines required by all state and federal agencies.

License Tracker software allows the user to collect data for, and manage, Company Licenses, Branch Licenses, Loan Originator Licenses, Foreign Qualifications, Renewal Deadlines, Mandatory Reports, Surety Bonds, and Continuing Education with real time visibility in an easy-to-use interface. Website and data are secured with the latest tools and applications on the web.

The proprietary dashboard capabilities include notifications, alerts, reporting, and a full suite of management tools designed to support all aspects of licensing compliance.

LT Market Potential...



  • M&A Activity, beginning in 2009, indicates that the Mortgage Technology Market will continue to accelerate.
  • Over 400,000 federally-registered mortgage brokers and related entities
  • Over 15,000 state-licensed mortgage companies
  • Over 350,000 individual licenses to track
  • Average company has over 20 licenses to manage
  • Each state provides its own qualification rules and expiration dates
  • License violations can carry fines in excess of $10,000
  • Download Complete Pro Forma
  • Sources: NMLS, Berkery Noyes



LT Competitors' Weaknesses


Currently, License Tracker does not have any direct competition, however; the Nationwide Mortgage Licensing System & Registry (NMLS) could potentially expand their application in the industry.


NMLS lacks “management” capabilities such as...

  • Tracking
  • Reporting
  • Alerts & Notifications

As of now, the NMLS is the official system for companies and individuals seeking to apply for, amend, renew and surrender license authorities managed through NMLS by 61 state or territorial governmental agencies. NMLS itself does not grant or deny license authority.

NMLS is the sole system of licensure for mortgage companies for 58 state agencies and the sole system of licensure for Mortgage Loan Originators (MLOs) for 59 state and territorial agencies.



Recent Acquisitions

Companies like License Tracker®



Fidelity National Financial purchases
Lender Processing Services for $2.9 Billion

Lender Processing Services is a mortgage tech and service provider


Wipro Ltd. Acquires Opus CMC for $75 Million

Opus is a Leading US Mortgage Due Diligence and Risk Management Service Providers



Oracle Buys Taleo Corporation for $1.9 Billion in 2012

Taleo annual revenue = $309 Million



First American CoreLogic acquires BasePoint Analytics, LLC




First American Financial purchases Interthinx for $155 million in 2014

Interthinx is an automated fraud protection, compliance and decision support tools for the mortgage industry.



Clayton Holdings aquires ValueAmerica in 2015




IBM Buys SoftLayer Technologies for $2 Billion in 2013




Google purchases bebop for $380 Million in 2015



SWOT Analysis for License Tracker®

Strengths • Weaknesses • Opportunities & Threats
Analytical Framework

STRENGTHS

One of a kind software application
Longevity in the Financial Services Marketplace

Reputational Excellency

Long term relationships with current customers

Experienced Internal Staff on product knowledge
Successful marketing strategies

Sales staff with strong knowledge of existing products
Reputation for innovation

THREATS

Potential NMLS Expansion
Large mortgage companies may have own internal systems

Large mortgage companies could build their own internal systems
Not being able to obtain data from the NMLS

Not patentable
WEAKNESSES

Pricing matrix that the market will bear
Scalability for small originators

Data disparities during on-board process

Continual software updates due to industry licensing changes

OPPORTUNITIES

Products on the market are not as reliable
Market share is immense

Loyal customers
Product could be on the market by Summer

Consumer demand
National Mortgage Licensing System (NMLS) support

Expansion into other vertical industries