Washington, D.C. – State regulatory agencies participating in the Nationwide Multistate Licensing System (NMLS) are seeking public comments on proposed changes to the NMLS Mortgage Call Report, which all state licensed and state registered companies are required to complete. Comments are due by April 2, 2018.
The NMLS Mortgage Call Report provides timely, comprehensive, and uniform information on the financial condition of licensed mortgage companies, their loan activities, and their mortgage loan originators. This information enhances a state regulator’s ability to effectively supervise licensees.
Tim Doyle, senior vice president of policy and development at the Conference of State Bank Supervisors, said: “Over time, the goal of the Mortgage Call Report is to include all the information regulators need so that other requirements do not need to be submitted and tracked outside NMLS. We think these proposed changes will further that goal.”
More information on proposed changes to the Mortgage Call Report is available here.
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The Conference of State Bank Supervisors (CSBS) is the national organization of bank regulators from all 50 states, American Samoa, District of Columbia, Guam, Puerto Rico and U.S. Virgin Islands. State regulators supervise roughly three-quarters of all U.S. banks and a variety of non-depository financial services. CSBS, on behalf of state regulators, also operates the Nationwide Multistate Licensing System to license and register non-depository financial service providers in the mortgage, money services businesses, consumer finance and debt industries.