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             May 3, 2011   

                                                    Mortgage Call Report

                                                    FREE Information Kit 

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As a courtesy to you, we want you to have a helpful FREE Information Kit to assist in preparation for filing the Mortgage Call Report (MCR).


Filing Deadline: 1st Quarter 2011 - May 15, 2011.


Information Kit - Details Below



Draft and implement policies and procedures to:

(a) prepare and submit MCRs for an entity, and


(b) prepare and submit MCRs for individual MLOs.

[Contact Us for Assistance.]


  1. Review NMLS requirements and forms for the MCR.
  2. Prepare MCR data requirements for 1/1/11 to 3/31/11.
  3. Submit the MCR by May 15, 2011.


NMLS moderated conference call and webinars:
  • Thursday, May 5, 2011 from 3:30 - 5:00 pm ET
  • Monday, May 9, 2011 from 1:30 - 3:00 pm ET
  • Tuesday, May 10, 2011 from 1:30 - 3:00 pm ET


All state-licensed companies or all state-registered companies that employ licensed mortgage loan originators.


Who files? All state licensed companies or companies employing state licensed mortgage loan originators.

Entities or Individual MLOs? Some states are still not licensing via the NMLS; consequently, MLOs must submit Mortgage Call Reports if licensed in those states.


Annual and Quarterly Reports? Many State Banking Departments have indicated that they will accept the NMLS Mortgage Call Report as satisfaction of their state specific reporting requirements.

How do multiple state licensees file? Only one NMLS Mortgage Call Report is filed per company per quarter, including break out data for each state in which the company is licensed and/or has licensed mortgage loan originators.

Timeframe? Information must be submitted within 45 days of the end of a calendar quarter. The information must reflect the data from that calendar quarter.

Free Information Kit 

                             MORTGAGE CALL REPORTLibrary
  • NMLS Users Forum - Website
    Sponsored by Lenders Compliance Group
  • FAQs - Mortgage Call Reports - Magazine Article
    Authored by Jonathan Foxx
  • NMLS Library Section of Lenders Compliance Group
  • NMLS Mortgage Call Report Basics - NMLSR
  • Privacy Guidelines of NMLS - Synopsis
    Authored by Jonathan Foxx
  • Mortgage Call Report Requirements by Jurisdiction - NMLSR
  • Practice Worksheet - Standard - May 2011 - NMLSR
  • NMLS Field Definitions - NMLSR
  • Expanded Section - Instructions - NMLSR
  • Examples:
    Wholesale Lender, Retail Lender, Reverses Lender, Broker
  • Suite of Services - Lenders Compliance Group

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Suite of Services and Specializations

Mortgage Compliance                 Compliance Administration


Defaults and Claims Reviews        Forensic Mortgage Audit


Mortgage Defaults Task Force       Mortgage Quality Control


FHA Examinations               State and Federal Examinations


Mortgage Due Diligence     FNMA|FHLMC|GNMA Applications


Legal Reviews & Remedies          Loss Mitigation Compliance


Sarbanes-Oxley Compliance           HMDA & CRA Processing


Mortgage Fraud Audit                   Disaster Recovery Plans


CORE Compliance Matrix�                         Statutory Licensing


Business Development                Information Security Plans


IT & IS Compliance                                     RESPA-AfBAs

Lenders Compliance Group is the first full-service, mortgage risk management firm in the country, specializing exclusively in mortgage compliance and offering a full suite of hands-on and automated services in residential mortgage banking.

We are pioneers in outsourcing solutions for mortgage compliance.

This communication is sent to our valued clients and colleagues, who regularly receive our Mortgage Compliance Updates, Compliance Alerts, and Commentaries.

These publications are free to subscribers. Information contained herein is not intended to be and is not a source of legal advice.

� 2006-2011 Lenders Compliance Group, Inc. All Rights Reserved.