Company Level

Company level questions on the mortgage call report.

Q. How do we report warehouse lines of credit in the MCR-RMLA Company Level filing?

Warehouse lines of credit are reported in the Company-Level Information component. The lines of credit should reflect all warehouse lines of credit the licensee holds (not parent or subsidiary since MCR-RMLA) and only that part which has been “committed.” “Uncommitted” amounts, funded at the discretion of the creditor, should not be reported. However, if a creditor extends “uncommitted” amounts to the licensee, the amounts extended should be reported as the credit limit with zero remaining availability.