The New Jersey Department of Banking and Insurance has announced that it is now accepting Transitional Mortgage Loan Originator and Exempt Company Registration applications. A Transitional Mortgage Loan Originator License grants temporary authority for a loan originator licensed in another state to act as a loan originator in New Jersey for a period of up to 120 days while the loan originator satisfies the requirements for full licensure. An Exempt Company Registration is available for third-party processing and underwriting companies in order to sponsor licensed mortgage loan originators who will supervise individuals in engaging in loan processing or underwriting activities.