Proposed Changes to the Mortgage Call Report, Proposal 2018-1

Wendy Novotne
Ballard Spahr LLP
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Ballard Spahr LLP

The NMLS has requested comments to the proposed changes to the Mortgage Call Report (MCR) as contained in Proposal 2018-1. Examples of the proposed changes include, but are not limited to, the following:

  • Licensed companies would only have to complete certain fields of the MCR that are directly relevant to the licensee.
  • The MCR definitions and instructions have been updated to provide clarity and uniformity.
  • A Supplemental State-Specific Form (SSSF) would be added so that states could request filers provide certain state-specific information that would satisfy requirements of their jurisdiction.

Comments to Proposal 2018-1 due by April 13, 2018 and can be submitted to the NMLS via email to comments@csbs.org.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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