General Questions

General questions about the Mortgage Call Report.

Q. What if my company is licensed in a state or has licensed mortgage loan originators (MLOs) in a state and the state does not manage the company license on NMLS – how do we submit the MCR?: The MCR filing capability will allow you to select any state or territory to submit data through the system. You may have to manually add these state components to the filing. States not managing company license types on NMLS may not accept this filing as satisfaction of their state reporting requirement. Please check with the state regulator for further information.
Q. If my institution is only federally registered on NMLS and we only employ federally registered MLOs, are we required to submit the MCR?: Currently, only state-licensed companies and companies employing state-licensed MLOs must complete the MCR.
Q. What if I am a state licensed subsidiary of a federally regulated institution? Do I have to complete the MCR?: All state-licensed companies or companies employing state-licensed MLOs must complete the MCR.
Q. Does NMLS offer a data upload option for the MCR or does it require manual input?: NMLS offers both manual input and data upload options (including the ability to manually edit data that has been uploaded). The data upload feature utilizes XML. For more information, see Submitting the MCR FV7 with XML. There is also an option to upload MLO activity on the RMLA via a comma separated value (CSV) file.
Q. My company operates in multiple states. Do I file a MCR for each state?: Only one NMLS Mortgage Call Report is filed per company per quarter. This one report includes a separate breakout for each state in which the company is licensed or has licensed MLOs. This allows you to report the activity you conduct in each state separately.
Q. Does my company have a limited time to create or amend MCR filings from previous quarters?: MCRs are unable to be created or amended more than two (2) years after the period end date. For example, for a Q4 2022 report, the last day it could be created/ amended was on 12/31/2024.
Q. Will the MCR be made available to the public?: Company specific reports will not be made publicly available by NMLS. NMLS may aggregate data and release aggregated data to the public at a future date. State regulators may be subject to state public records law requirements to make the state's MCR information available to the public in certain circumstances.
Q. Will the MCR replace all state annual or quarterly reports?: One goal of the MCR is to standardize and improve the information available about mortgage originations such that it can replace currently required state reporting. The decision is up to each state agency and many states have indicated that they will accept the MCR as satisfaction of their state specific reporting requirements. Contact your state regulator for complete information.