NMLS Business Activity Information
Business Activity Mapping
When filling out the new form, the system will present the user with only the MCR sections relevant to their company's indicated business activities.
| Mortgage Business Activities | Mortgage Broker | Mortgage Lender | Mortgage Servicer |
|---|---|---|---|
| First mortgage brokering | Y | N | N |
| First mortgage lending | N | Y | N |
| First mortgage servicing | N | N | Y |
| Foreclosure consulting/foreclosure rescue | Y | Y | Y |
| High cost home loans | Y | Y | N |
| High-cost home loans - Broker | Y | N | N |
| High-cost home loans - Lender | N | Y | N |
| Home equity lending/lines of credit | Y | Y | N |
| Home equity lending/lines of credit - Broker | Y | N | N |
| Home equity lending/lines of credit - Lender | N | Y | N |
| Manufactured housing financing | Y | Y | N |
| Manufactured housing financing - Broker | Y | N | N |
| Manufactured housing financing - Lender | N | Y | N |
| Master servicing | N | N | Y |
| Mortgage loan modifications | N | N | Y |
| Mortgage loan purchasing | N | N | Y |
| Other - Mortgage | Y | Y | Y |
| Reverse mortgage activities | Y | Y | Y |
| Reverse mortgage brokering | Y | N | N |
| Reverse mortgage lending | N | Y | N |
| Reverse mortgage servicing | N | N | Y |
| Second mortgage brokering | Y | N | N |
| Second mortgage lending | N | Y | N |
| Subordinate lien mortgage servicing | N | N | Y |
| Third party first mortgage servicing | N | N | Y |
| Third party subordinate lien mortgage servicing | N | N | Y |
| Appraisal Management Services | N | N | N |
| Commercial mortgage brokering or lending | N | N | N |
| Credit insurance services | N | N | N |
| Lead generation | N | N | N |
| Short sale | N | N | N |
| Third party mortgage loan processing | N | N | N |
| Third party mortgage loan underwriting | N | N | N |
Amended Business Servicing Activities with MCR Field
The first mortgage servicing, master servicing, and subordinate lien servicing business activities were split into two for clarity purposes. Companies that conduct these business activities must total sums where necessary and submit in the appropriate field according to the table below.
| Approved Business Activity Name | Approved Definition | MCR (State/National) |
|---|---|---|
| First Mortgage Servicing – Whole Loan | Providing services including, but not limited to, the receipt of payments, customer service, escrow administration, investor accounting, collections, loss mitigation, or foreclosures for first lien mortgage loans which the company wholly owns. (Excluding interim servicing). |
|
| First Mortgage Servicing – MSR | Providing services including, but not limited to, the receipt of payments, customer service, escrow administration, investor accounting, collections, loss mitigation, or foreclosures for first lien mortgage loans for which the company owns the servicing rights. (Excluding interim servicing). |
|
| Third Party First Mortgage Servicing | Providing services for another party that owns the first lien mortgage loan and/or a party that owns the mortgage servicing rights on such a loan, including, but not limited to, the receipt of payments, customer service, escrow administration, investor accounting, collections, loss mitigation, or foreclosures. Third-party servicers, which may be referred to as subservicers, do not own the loan or the mortgage servicing rights associated with the loan. (Excluding interim servicing). |
|
| Master Servicing - MSR | Owning mortgage servicing rights and contracting with a third-party servicer to manage the receipt of payments, customer service, escrow administration, investor accounting, collections, loss mitigation, or foreclosures related to these servicing rights. (Excluding interim servicing). |
|
| Master Servicing – Whole Loan | Owning the whole loan and contracting with a third-party servicer to manage the receipt of payments, customer service, escrow administration, investor accounting, collections, loss mitigation, or foreclosures related to wholly owned loans. (Excluding interim servicing). |
|
| Subordinate Lien Servicing – Whole Loan | Providing services including, but not limited to, the receipt of payments, customer service, escrow administration, investor accounting, collections, loss mitigation, or foreclosures for subordinate lien mortgage loans which the company wholly owns. (Excluding interim servicing). |
|
| Subordinate Lien Servicing – MSR | Providing services including, but not limited to, the receipt of payments, customer service, escrow administration, investor accounting, collections, loss mitigation, or foreclosures for subordinate lien mortgage loans for which the company owns the servicing rights. (Excluding interim servicing). |
|
| Third Party Subordinate Lien Mortgage Servicing | Providing services for another party that owns the subordinate lien mortgage loan and/or a party that owns the mortgage servicing rights on such a loan, including, but not limited to, the receipt of payments, customer service, escrow administration, investor accounting, collections, loss mitigation, or foreclosures. Third-party servicers, which may be referred to as subservicers, do not own the loan or the mortgage servicing rights associated with the loan. (Excluding interim servicing). |
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