The National Mortgage Licensing System (NMLS) has provided guidance on the how company users will be able to submit their required Mortgage Call Reports (MCRs). The NMLS system will provide the ability to either manually enter their MCR data into the system, or upload the data through a XML data file.
The instructions for utilizing the upload feature are detailed on the Mortgage Call Report XML Specification page of the NMLS website. In addition to providing a detailed instructional MCR XML Specification document, the section includes a sample XML pack to help demonstrate the creation of the XML data files for upload.
The MCR quarterly reports require all state-licensed companies and all state-register companies that employ licensed originators to submit details on their mortgage activity and company information. The overview of MCR requirements are laid out on the Mortgage Call Report section of the NMLS site.
The NMLS indicated that the functionality for the submitting the MCR will be available starting May 2, 2011 for submitted the required data for the first calendar quarter of 2011. Regulators should inform entities when it is available and the corresponding due dates for submitting the data.
