NMLS Mortgage Call Report Deadline 8/15/11

The Office of Financial Institutions is reminding all mortgage companies of the August 15th deadline to file the NMLS Mortgage Call Report ("MCR") for mortgage activity in the Second quarter of 2011. An automated deficiency is scheduled to be set by the NMLS on August 16, 2011 for those licensees that do not file an MCR for the second quarter by August 15th. There has been no decision regarding penalty assessments for non-compliance with MCR reporting requirements; however, please be aware that all required MCRs should be submitted prior to renewal or the company license may not be renewed for 2012.

What you need to do:

Log into your NMLS company account and complete the NMLS Mortgage Call Report under the Filing Tab. Information about the NMLS Mortgage Call Report, including quick guides and "getting started" instructions can be found on the NMLS Resource Center - Mortgage Call Report page at http://mortgage.nationwidelicensingsystem.org/slr/common/mcr/Pages/default.aspx.

Should you have any questions about how to complete the mortgage call report or uploading the information please contact NMLS Call Center at (240) 386-4444.