NMLS Mortgage Call Reports Section II
Section I Section II
If your company holds a state license or state registration through the NMLS, and is a Fannie Mae Seller/Servicer, a Freddie Mac Seller/Servicer or a Ginnie Mae Issuer, then your company must complete the Residential Mortgage Loan Activity (RMLA)
Section II, also known as “Expanded MCR.”
And if your company is a Fannie Mae Seller/Servicer, a Freddie Mac Seller/Servicer or a Ginnie Mae Issuer, it must submit a Financial Condition (FC), which collects financial information at the company level. (It does not have to be completed by state.)
This will need to be submitted for each state in which a company is licensed and which requires the MCR.
QuestSoft's Compliance RELIEF has a module called NMLS Call Report RELIEF, which quickly imports data from your loan origination software, accurately validates the data, and electronically submits the report.
So, you could fill the form out manually, one field at a time -- or make a few clicks and be done with it.
Request a quick 10 minute demo and see just how easy it is.