NAVIGATION GUIDE
Mortgage Call Reports and Financial Statements
Purpose
This navigation guide is designed to provide a general understanding of completing Mortgage
Call Reports (MCR) and Financial Statements in the NMLS.
Copyright
©2014 SRR. All rights reserved. Materials may not be reprinted or republished without the
express permission of SRR. Individuals, companies, and data mentioned in these materials are
fictitious and are presented exclusively for purposes of illustration or example.
Resources
Resources for NMLS:
- NMLS Resource Center at: http://mortgage.nationwidelicensingsystem.org
- NMLS Call Center at: 1-855-NMLS-123 (1-855-665-7123)
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Table of Contents
Mortgage Call Report
Mortgage Call Report (MCR) .................................................................................................. 2
Overview..................................................................................................................... 2
MCR Filing Periods ..................................................................................................... 3
MCR Notifications ....................................................................................................... 3
MCR Organization User Roles .................................................................................... 3
Completing a Standard Financial Condition (S-FC) Component ............................................. 4
Completing S-FC Schedules ....................................................................................... 7
Explanatory Notes ...................................................................................................... 8
Completeness Checks and Warnings for S-FC Component Level ............................. 8
Mark FC Component as Ready to Submit ................................................................... 11
Submit an S-FC MCR Filing ........................................................................................ 12
Completing a Standard Residential Mortgage Loan Activity (S-RMLA) Component ................ 13
Company-Level Information (Lines of Credit and Notes) ............................................. 16
Company-Level Information Explanatory Notes .......................................................... 17
Completeness Check for Standard Company-Level RMLA ......................................... 17
Mark Company-Level RMLA as Ready to Submit ....................................................... 18
State-Specific Information Section I ............................................................................ 19
State-Specific Information Section I - MLO(s) ............................................................. 20
State-Specific Information Explanatory Notes ............................................................. 23
Completeness Check for Standard State-Specific RMLA ............................................ 23
Mark State-Specific RMLA as Ready to Submit .......................................................... 24
Add State-Specific RMLA Component ........................................................................ 24
Submit an S-RMLA MCR Filing ................................................................................... 25
Completing an Expanded MCR Filing ..................................................................................... 27
Mark E-MCR as Ready to Submit ............................................................................... 31
Submit an E-MCR Filing ............................................................................................. 31
Upload an MCR Filing ............................................................................................................ 33
View MCR Upload History ...................................................................................................... 35
View MCR Upload Errors ............................................................................................ 36
Amend an MCR Overview ...................................................................................................... 38
MCR Form Versions ................................................................................................... 38
Amend an MCR Filing ................................................................................................. 39
Upgrade a Standard MCR to an Expanded MCR ................................................................... 41
Financial Statements
Submitting Financial Statements ........................................................................................... 43
Amending Financial Statements ................................................................................. 47
View Historical Financial Statement Filings ............................................................................ 48
Key Terms .............................................................................................................................. 49
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Mortgage Call Report (MCR)
Overview
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requires all
state mortgage licensees to submit a report of financial condition and loan activity to NMLS.
The Mortgage Call Report (MCR) functionality in NMLS allows a company to submit the
required filings through the system.
There are two different types of Mortgage Call Report (MCR) Filings in NMLS: the Expanded
Mortgage Call Report (E-MCR) and the Standard Mortgage Call Report (S-MCR). The E-MCR
is required for a company that indicates on the Company Form (MU1) that it is a Fannie Mae or
Freddie Mac Approved Seller/Servicer or a Ginnie Mae Issuer. This company is considered a
Government Sponsored Enterprise Approved (GSE-approved) Entity. A company is
considered GSE-approved for a quarterly reporting period if the Approvals and Designations
section on the Company Form (MU1) indicates one or more approvals with Fannie Mae, Freddie Mac, or Ginnie Mae as of the beginning or end of that reporting period. A non GSEapproved company is required to submit the S-MCR, however, the company may choose to file
the E-MCR.
MCR filings contain two components: the Financial Condition (FC) and the Residential
Mortgage Loan Activity (RMLA) Report.
The FC contains the company’s financial data. For Standard filers, the FC is required to be
filed annually, no later than 90 days after the fiscal year end. For Expanded filers, the FC is
filed every calendar quarter.
The RMLA contains information about the mortgage activities for a company and it’s Mortgage
Loan Originators (MLOs). The RMLA has two components which contain company-level
and state-specific information. The company-level RMLA component contains information
about the lines of credit and general notes and is completed once within a filing. It is shared
with each state in which a company is licensed/registered. The state-specific RMLA
components are completed for each state in which a company is licensed/registered. If a
company holds licenses in multiple states, it will need to complete a single company-level
RMLA and a state-specific RMLA components for each state, even if there was no activity
during the reporting period. The RMLA is required to be filed quarterly for both Standard and
Expanded filers. Companies have the ability to submit the RMLA for additional states if necessary.
MCR filings can be created manually or by use of the upload functionality in NMLS. Regardless
of how the company initiates the MCR filing, the company will still need to complete all of the
components, attest to, and submit the MCR filing. For information on MCR state-specific
requirements please see the Mortgage Call Report Requirements by State Agency document
found on the NMLS Resource Center.
This Navigation Guide walks through three MCR filing scenarios. The first filing is the S-FC
component and the second filing is the S-RMLA component. The S-MCR breaks up the
components into two filings, as the reporting periods are different. The third filing is the E-MCR
filing, which includes both the E-FC and E-RMLA components into one filing. When creating an
MCR filing NMLS will create the required FC and/or RMLA component(s) for the period
selected.
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MCR Filing Periods
The tables below list the filing periods and required MCR components along with the due
dates.
Standard MCR for Non GSE-Approved Companies
MCR Component
Filing Period
Due Date
S-FC
Annual
90 days from fiscal year end (FYE)
S-RMLA
Q4 data (October 1 – December 31)
45 days from Q end (February 14)
Q3 data (July 1 – September 30)
45 days from Q end (November 14)
Q2 data (April 1 – June 30)
45 days from Q end (August 14)
Q1 data (January 1 – March 31)
45 days from Q end (May 15)
Expanded MCR for GSE-Approved Companies
MCR Component
E-FC and
E-RMLA
Filing Period
Due Date
Q4 data (October 1 – December 31)
45 days from Q end (February 14)
Q3 data (July 1 – September 30)
45 days from Q end (November 14)
Q2 data (April 1 – June 30)
45 days from Q end (August 14)
Q1 data (January 1 – March 31)
45 days from Q end (May 15)
NOTE: The MCR is separate and distinct from Financial Statements.
MCR Notifications
Company users can subscribe to notifications that alert users an MCR filing is required and
reminders prior to the MCR due date. Please see the Notifications Navigation Guide for more
information.
MCR Organization User Roles
There are three different MCR-related organization user role types described below. These
user roles were created to allow different user types (i.e., an accountant for the company) with
proper access to the MCR Filing.



View Mortgage Call Report Filings - allows a user to view an existing pending filing
(through the filing functionality) in a read-only mode as well as view edits in red-line for a
pending amendment.
Edit Mortgage Call Report Financial Condition Filings - allows a user to view, enter, and
edit an FC filing and mark it as Ready to Submit. Users with this role are NOT able to
view, enter, or edit the RMLA components. This user CANNOT create or submit an MCR
filing, even if the FC is the only component to the filing.
Create and Submit Mortgage Call Report Filings - allows a user to view, create and
manage the MCR, including all components and to submit the MCR.
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Completing a Standard Financial Condition (S-FC) Component
The FC component of the MCR contains the company’s financial data at a corporate,
Company Form (MU1) level including sole proprietors.
The S-FC is filed annually and therefore has a 12 month reporting period. The filing is due 90
days from the fiscal year end (FYE) of the company. Typically companies have a FYE of
December 31st, however if the company has a different FYE the reporting period is still 12
months. An S-FC is comprised of the following sections:
 Schedule A - Assets
 Schedule B - Liabilities and Equity
 Schedule C - Income
 Schedule D - Non-Interest Expenses and Net Income
 Explanatory Notes
To complete an S-FC component:
1. From the NMLS Home screen, click the Filing tab.
2. Click MCR on the sub-menu.
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3. Click Create New MCR.
NOTE: To create an MCR filing via the upload process, see the Upload an MCR Filing steps. If
there are no pending or processed MCR filings, then the Mortgage Call Reports screen will not
display any filing information.
4. Select the Year from the drop-down menu.
5. Select Annual from the Period drop-down menu.
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6. Click Create Standard MCR.
NOTE: NMLS will determine the required filing type based on the year and period selected as
well as the company’s GSE-approval status.
[Result:] The Mortgage Call Report Components screen displays the status of the component.
At this point of the process, the FC component status is “Pending Initial”.
7. Click the Edit icon to complete the FC component.
[Result:] The FC Schedule A screen displays.
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Completing S-FC Schedules
There are four schedules to the FC which must be completed in order to submit the filing.
Users have the option to turn on the completeness check before proceeding to the next section
by clicking the Completeness Check Mark icon
. When using the completeness check, all
required fields are highlighted. If an error has occurred, a description of the error displays in a
yellow bar directly beneath the sandbar. See an example of the completeness check below
which includes a missing value and computation error. The computation error will be corrected
once Schedule B is complete.
Users may also use the Fill Blank Fields With Zero button to assist in completing any FC
Schedule.
1. Complete Schedule A of the FC.
2. Click Save.
3. Complete the next schedule of the FC by clicking the schedule name on the navigation
panel or by clicking the Next/Previous buttons at the bottom of the screen.
4. Click Save.
5. Repeat steps 3 and 4 until all schedules of the FC are complete.
NOTE: The Information icon
on the sandbar links directly to the NMLS Resource Center for
line-by-line field definitions and data formatting requirements. All fields are required to be
completed including zero for none or not applicable fields. Once data is saved the total fields
are auto populated.
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Explanatory Notes
This section is a text field in which a company user can provide additional information to the
regulator. This field is optional unless there are outstanding data warning messages (described
in the Completeness Checks and Warnings section below).
1. Enter the explanatory text.
2. Click Save.
Completeness Checks and Warnings for S-FC Component Level
You must visit the, Completeness Checks and Warnings page before the component can be
marked as Ready to Submit. The completeness check will ensure all required information has
been provided in the appropriate format. If the component does not pass the completeness
check, the screen will list the section(s) within the component where an error has occurred and
provide a description of the each error that exists. All completeness check errors must be
cleared before a filing can be marked as Ready to Submit.
A warning message indicates that a field value does not have the expected outcome. For
example, the value on line B210 must be equal to the value on line O350. Warning messages
can be cleared by returning to the appropriate sections, updating the corresponding values,
and returning to the Completeness Checks and Warnings page again to confirm the warning
message has been cleared. If the values entered in the filing are correct and warning
messages exist, the filing can still be submitted. You must provide an explanatory note and
acknowledge that you accept the warning message(s) prior to marking the component as
Ready to Submit.
The difference between a completeness check error and a data warning message:
 All completeness check errors must be corrected before a component can be marked as
Ready to Submit
 The presence of data warning messages do not prevent submission of the filing, you must
provide an explanatory note acknowledge that you accept the warnings prior to marking the
component as Ready to Submit
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To run Completeness Checks and Warnings:
1. Click Completeness Checks and Warnings on the navigation panel.
2. If errors exist in the Completeness Check section, click the section link to go to the
corresponding schedule and correct the error.
3. Enter any updated information and click Save.
4. Click Completeness Checks and Warnings on the navigation panel.
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5. Repeat steps 2 through 4 until all completeness check errors have been resolved.
6. If data warnings exist in the Warnings section, click the line number link to go to the
corresponding schedule and correct the discrepancy or if the values are correct then click
Explanatory Notes to provide an explanation.
NOTE: Warnings will not prevent submission of a FC, however, users must acknowledge that
the warnings exist prior the marking a FC as Ready to Submit.
For more information on the error messages displayed please review the MCR Data Validation
document on the NMLS Resource Center.
7. Enter any updated information and click Save.
8. Click Completeness Checks and Warnings on the navigation panel to reevaluate the
warning messages.
NOTE: The warning message remains on the top the corresponding schedule page until the
user runs the Completeness Checks and Warnings again from the navigation panel.
9. Repeat steps 6 through 8 until all errors are resolved or acknowledge warning prior to
marking the component as Ready to Submit.
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Mark S-FC Component as Ready to Submit
Once all component statuses are marked as Ready to Submit, the MCR may be submitted. If
the component is not Ready to Submit, then click Return to MCR Components to return to the
Mortgage Call Reports Components screen.
1. If data warnings exist, select the checkbox next to I acknowledge the existence of the data
validation warnings above and hereby certify that the data provided is accurate and that I
have provided an explanation of my data in the Explanatory Notes of this filing.
2. Click Ready To Submit.
[Result:] The Mortgage Call Reports Components screen displays.
Proceed to Submit an S-FC MCR Filing.
NOTE: The above steps can be completed by an organization user with the “Edit Mortgage
Call Report Financial Condition Filings” role. However this user CANNOT submit the MCR
filing.
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Submit an S-FC MCR Filing
The FC component must be in a Ready to Submit status in order to submit the MCR filing on
the Mortgage Call Report Components screen.
To submit an MCR filing:
1. Click Completeness Check and Submit.
[Result:] The Completeness Check and Submit screen displays.
NOTE: If errors are displayed see Completeness Checks and Warnings for S-FC Component
Level for details.
2. Select the checkbox next to I verify that I am the named person above and that I am
authorized to attest to and submit this filing on behalf of the Company.
3. Click Attest and Submit.
[Result:] The post submission landing page displays with a message indicating that the filing is
being processed.
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Completing a Standard Residential Mortgage Loan Activity (S-RMLA)
Component
The Residential Mortgage Loan Activity (RMLA) Report is the component of an MCR which
gathers the filing company’s line of credit and loan activity information. The RMLA is further
broken down into company-level and state-specific information. The RMLA filing period is
noncumulative and is filed on a calendar quarter basis. An RMLA is comprised of the following
components and sections:
Company-Level Information (Lines of Credit and Notes)
 Lines of Credit
 Explanatory Notes
State-Specific Information
 Section I (contains loan activity)
 Section I - MLO(s) (contains MLO information)
 Explanatory Notes
The company-level RMLA is completed once within a filing and shared with each state in which
a company is licensed/registered. The state-specific RMLA is completed for each state in
which a company is licensed/registered even if there was no activity during the reporting
period. Companies have the ability to submit the RMLA for additional states if necessary.
To complete an S-RMLA component:
1. From the NMLS Home screen, click the Filing tab.
2. Click MCR on the sub-menu.
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3. Click Create New MCR.
NOTE: To create an MCR filing via the upload process, see Upload an MCR Filing. If there are
no pending or processed MCR filings, then the Mortgage Call Reports screen will not display
any filing information.
4. Select the Year from the drop-down menu.
5. Select the appropriate quarter (e.g., Q1) from the Period drop-down menu.
6. Click Create Standard MCR.
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NOTE: NMLS will determine the required filing type based on the year and period selected as
well as the company’s GSE-approval status.
[Result:] The Mortgage Call Report Components screen displays the status of the component.
At this point of the process the RMLA component status is “Pending Initial”.
7. Click the Edit icon under the Company-Level Information (Lines of Credit and Notes).
NOTE: Companies may add additional RMLA component(s) for any state(s) that NMLS did not
automatically create based on the company’s licensure/registration status. To add an RMLA
component see Add State-Specific RMLA Component.
Also, NMLS will not automatically create the required state-specific RMLA component for
Oregon. Companies with license/registration in Oregon will need to manually add the statespecific RMLA component.
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Company-Level Information (Lines of Credit and Notes)
The Company-Level RMLA contains the Lines of Credit section and Explanatory Notes.
Users have the option to turn on the completeness check before proceeding to the next section
by clicking the Completeness Check icon
. When using the completeness check, all
required fields are highlighted. If an error has occurred, a description of the error displays in a
yellow bar directly beneath the sandbar.
To complete the Lines of Credit:
1. Click Lines of Credit on the navigation panel.
2. Click Add New.
[Result] The Lines of Credit screen displays.
The icons below describe the action which may be available for each entry:
Edit – Open and edit the entry
Delete – Delete the line entry
Undo Insert – Undo the entry before saving
Save – Save the entry which adds a line of data
3. Complete all required fields.
4. Click Save.
NOTE: A new line appears for continual entry. After saving the last entry, click the Undo Insert
icon to remove the remaining blank entry.
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Company-Level Information Explanatory Notes
Explanatory Notes is an optional text field in which a company user can provide additional
company-wide information to the regulator.
1. Click Explanatory Notes on the navigation panel.
2. Enter text in the Explanatory Notes field.
3. Click Save.
Completeness Checks for Standard Company-Level RMLA
A completeness check must be performed before the component can be marked as Ready to
Submit. The completeness check will ensure all required information has been provided in the
appropriate format. If the component does not pass the completeness check, the screen will
list the section(s) within the component where an error has occurred and provide a description
of the each error that exists.
To run a Completeness Check:
1. Click Completeness Check on the navigation panel.
2. If errors exist, click the section link to go to the corresponding section and correct the
error.
3. Repeat steps 1 and 2 until all errors are resolved.
NOTE: For more information on the error messages displayed please review the MCR Data
Validation document on the NMLS Resource Center.
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Mark Company-Level RMLA as Ready to Submit
Once all component statuses are marked as Ready to Submit, the MCR may be submitted. If
the component is not Ready to Submit, then click Return to MCR Components to return to the
Mortgage Call Reports Components screen.
1. Click Ready To Submit.
[Result:] The Mortgage Call Reports Components screen displays.
NOTE: The next step is to complete the State-Specific Information.
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State-Specific Information Section I
The State-Specific RMLA contains Section I (loan activity for the specific state), Section I MLO(s) and Explanatory Notes.
Users have the option to turn on the completeness check before proceeding to the next section
by clicking the Completeness Check icon
. When using the completeness check, all
required fields are highlighted. If an error has occurred, a description of the error displays in a
yellow bar directly beneath the sandbar.
To complete Section I:
1. Click Section I on the navigation panel.
2. Enter loan activity data for the specific state.
3. Click Save.
NOTE: If there is no activity to report for the corresponding state, click No Activity to Report to
populate zeros in all fields in the section. Any data entered will be lost and replaced with zeros
as shown below.
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State-Specific Information Section I - MLO(s)
Section I - MLO(s) contains information regarding the MLO(s) employed during the filing
period. This section can be entered manually or a CSV file can be uploaded. The CSV upload
option is only available if no MLOs have been entered in this section.
To manually complete MLO(s):
1. Click Section I - MLO on the navigation panel.
2. Click Add New.
[Result] The Section I - MLO(s) screen displays.
3. Complete all required fields.
4. Click Save.
NOTE: A new line appears for continual entry. After saving the last entry, click the Undo Insert
icon to remove the remaining blank entry.
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Users may also upload a CSV file of MLOs to populate Section I - MLO(s). The CSV upload
option is only available if no MLOs have been entered in this section. To delete previously
entered MLOs so a CSV file can be uploaded, click the Delete All link. See the Mortgage Call
Report page of the NMLS Resource Center for CSV specifications.
To upload MLO(s):
1. Click Section I - MLO on the navigation panel.
2. Click Upload MLOs.
NOTE: If the Uploaded MLOs button does not appear the previously entered MLOs
must be deleted by clicking the Delete All link.
[Result] The Section I - MLO File Upload screen displays.
3. Click Browse.
[Result] A new window opens to browse a list of files.
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4. Select the .csv document to be uploaded.
5. Click Open.
6. Click Process.
[Result] The Section I - MLO File Processing screen displays.
[Result] Once the file has completed processing, the Section I - MLO(s) screen displays with all
uploaded MLO(s). Users may enter additional MLO(s) manually if needed as well as edit the
uploaded MLO information.
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Explanatory Notes
Explanatory Notes is an optional text field in which a company user can provide additional
information to the regulator.
1. Click Explanatory Notes on the navigation panel.
2. Enter text in the Explanatory Notes field.
3. Click Save.
Completeness Checks for Standard State-Specific RMLA
A completeness check must be performed before the component can be marked as Ready to
Submit. The completeness check will ensure all required information has been provided in the
appropriate format. If the component does not pass the completeness check, the screen will
list the section(s) within the component where an error has occurred and provide a description
of the each error that exists.
To run a Completeness Check:
1. Click Completeness Check on the navigation panel.
2. If errors exist, click the section link to go to the corresponding section and correct the
error.
3. Repeat steps 1 and 2 until all errors are resolved.
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Mark State-Specific RMLA as Ready to Submit
Once all component statuses are Ready to Submit, the MCR may be submitted. If the component is not Ready to Submit, then click Return to MCR Components to return to the Mortgage
Call Reports Components screen.
1. Click Ready To Submit.
[Result:] The Mortgage Call Reports Components screen displays.
Add State-Specific RMLA Component
The company has the option of adding additional RMLA component(s) for any state(s) NMLS
did not automatically create.
To add an RMLA Component:
1. From the Mortgage Call Report Components screen, click Add New RMLA.
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2. Select a state from the drop-down menu.
3. Click Add RMLA.
[Result:] The Section I screen displays.
For information on how to fill out the RMLA see Completing a Standard Residential Mortgage
Loan Activity (S-RMLA) Component.
Submit an S-RMLA MCR Filing
The RMLA component must be in a Ready to Submit status in order to submit the MCR filing
on the Mortgage Call Report Component screen.
To submit an MCR filing:
1. Click Completeness Check and Submit.
[Result:] The Completeness Check and Submit screen displays.
NOTE: If errors are displayed see Completeness Check for S-RMLA Component Level for
details.
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2. Select the checkbox next to I verify that I am the named person above and that I am
authorized to attest to and submit this filing on behalf of the Company.
3. Click Attest and Submit.
NOTE: The Attest and Submit button can only be selected after the user selects the
checkbox verifying that they are the person named in the attestation language above and
authorized to submit this filing.
[Result:] The post submission landing page displays with a message indicating that the filing is
being processed.
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Completing an Expanded MCR Filing
The Expanded MCR (E-MCR) filing includes both the FC and RMLA components. The filing
period is a noncumulative quarter which is filed on calendar quarter basis. The expanded MCR
consists of the standard subset in addition to the expanded fields.
An E-FC is comprised of the following sections:
 Schedule A - Assets
 Schedule B - Liabilities and Equity
 Schedule C - Income
 Schedule D - Non-Interest Expenses and Net Income
 Schedule O - Reserves and Valuation Allowance Rolllforwards
 Explanatory Notes
 Completeness Checks and Warnings
An E-RMLA is comprised of two components:
Company-Level Information (Lines of Credit and Notes)
 Lines of Credit
 Explanatory Notes
State-Specific Information
 Section I (contains loan activity):
 Application data
 Closed loan data
 MLO-specific data
 Section I - MLO(s) (contains MLO information)
 Section II – which, among other items, contains:
 Loan type counts
 FICO distributions
 Loan to value information
 Warehouse information
 Section III – which, among other items, contains:
 Loan modification information
 Delinquency status
 Foreclosure status
 Explanatory Notes
 Completeness Checks
To complete an E-MCR component:
1. From the NMLS Home screen, click the Filing tab.
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2. Click MCR on the sub-menu.
3. Click Create New MCR.
4. Select the Year from the drop-down menu.
5. Select the appropriate quarter (e.g., Q1) from the Period drop-down menu.
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6. Click Create Expanded MCR.
[Result:] The Mortgage Call Report Components screen displays the status of the component.
7. Click the Edit icon for the FC or RMLA Component.
[Result:] The FC or RMLA screen displays.
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To complete an E-FC component:
8. Complete each schedule of the FC by clicking the schedule names on the navigation panel. Please see Completing a Standard Financial Condition (S-FC) Component for further
instruction. In addition to Schedules A-D, Schedule O must be completed for the expanded
version.
Users have the option to turn on the completeness check before proceeding to the next section
by clicking the Completeness Check Mark icon
. When using the completeness check, all
required fields are highlighted. If an error has occurred, a description of the error displays in a
yellow bar directly beneath the sandbar. See an example of the completeness check below
which includes a missing value.
Users may also use the Fill Blank Fields With Zero button to assist in completing any FC
Schedule.
NOTE: Schedule O is completed in the same manner as Schedules A-D.
To complete an E-RMLA component:
9. Complete both components of the RMLA (the company-level Information and state-specific
information. Please see Completing a Standard Residential Mortgage Loan Activity
(S-RMLA) Component. In addition to Section I of the RMLA, Sections II and III must be
completed for the expanded version.
NOTE: Sections II and III are completed in the same manner as Section I.
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Mark E-MCR as Ready to Submit
Each component must be in a Ready to Submit status in order to submit the MCR filing on the
Mortgage Call Report Component screen. Please see the following sections for steps on
marking each component as Ready to Submit:
 Mark FC Component as Ready to Submit
 Mark Company-Level RMLA as Ready to Submit
 Mark State-Specific RMLA as Ready to Submit
Submit an E-MCR Filing
To submit an MCR filing:
1. Click Completeness Check and Submit.
[Result:] The Completeness Check and Submit screen displays.
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NOTE: If errors are displayed see Completeness Checks and Warnings for S-FC Component
Level and/or Completeness Check for S-RMLA Component Level for details.
2. Select the checkbox next to I verify that I am the named person above and that I am
authorized to attest to and submit this filing on behalf of the Company.
3. Click Attest and Submit.
NOTE: The Attest and Submit button can only be selected after the user selects the
checkbox verifying that they are the person named in the oath above and authorized to submit
this filing.
[Result:] The post submission landing page displays with a message indicating that the filing is
being processed.
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Upload an MCR Filing
NMLS provides company users with the ability to create an MCR filing either through manual
data entry within NMLS, or through an upload of a XML file. The MCR XML upload feature provides a streamlined option for creating an MCR filing for those companies that are able to extract MCR information from their internal systems. The upload feature may be used to create
an initial MCR filing, change information on a pending MCR filing, or amend
information on a previously-submitted MCR filing. There are multiple versions of the MCR
Form due to the form being updated and/or an NMLS system enhancement. Please review the
MCR XML Specification Document accessible from the Mortgage Call Report XML
Specification page on the NMLS Resource Center, as the NMLS Call Center cannot provide
technical support.
To upload an MCR filing:
1. From the NMLS Home screen, click the Filing tab.
2. Click MCR on the sub-menu.
3. Click Upload New MCR. Please visit the Mortgage Call Report XML Specification page for
current and previous MCR XML Sample Files on the NMLS Resource Center. Please use
the current MCR XML version for new filings. When making an amendment, refer to the
form version displayed on the Mortgage Call Reports screen for the form version.
[Result:] The Upload MCR Filing screen displays.
4. Click Browse.
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[Result:] A new window opens to browse a list of files.
5. Select the XML file to be uploaded.
6. Click Open.
7. Click Upload.
NOTE: MCR Filings are not submitted upon the upload of an XML file. The company must
complete the process by attesting to and submitting the MCR Filing.
[Result:] The MCR Upload File History screen displays.
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View MCR Upload History
The MCR Upload History screen provides all upload history including statuses of uploads and
links to any errors encountered while processing a file.
To view MCR Upload History:
1. From the NMLS Home screen, click the Filing tab.
2. Click MCR on the sub-menu.
3. Click MCR Upload History on the navigation panel.
[Result:] The MCR Upload File History screen displays.
Column Headings
 File Name - The name of the file uploaded
 Status - The status of the XML file
 Upload Complete - The XML file uploaded successfully
 Upload Pending - The XML file is in the upload process
 Invalid - The XML files contains errors discovered in the validation process. Click
the View Errors link to display the MCR File Validation Errors screen for details and
see the Mortgage Call Report XML Specification page for validation rules and
messages
 Upload Failed - An unexpected error occurred and the XML file could not be
validated, please contact the NMLS Call Center
 Description - Identifies the filing type, year, period, and period end date
 Upload On - The date the file was uploaded
 Uploaded By - The user name of the user that uploaded the file
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View MCR Upload Errors
To view MCR Upload Errors:
1. From the NMLS Home screen, click the Filing tab.
2. Click MCR on the sub-menu.
3. Click MCR Upload History on the navigation panel.
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[Result:] The MCR Upload File History screen displays.
4. Click View Errors link.
[Result:] The MCR File Validation Errors screen displays.
NOTE: Please see the Mortgage Call Report XML Specification document on the NMLS
Resource Center for validation rules and explanation of error messages. Once errors have
been resolved, the new file may be uploaded.
Once the file has been successfully uploaded, please complete the following steps, as
applicable:
 Completing a Standard Financial Condition (S-FC) Component
 Completing a Standard Residential Mortgage Loan Activity (S-RMLA) Component
 Completing an Expanded MCR Filing
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Amend an MCR Overview
An MCR filing remains on the Mortgage Call Report screen for two years from the period end
date and can be amended during that time frame. Filings past that time frame cannot be
amended, however they can be viewed in Company Composite View under Historical Filings.
Filings can be amended manually or by uploading an XML document with the updated
information. Any amendment to an MCR Filing must be done within the same form version.
MCR Form Versions
An MCR version is determined by the date the MCR was created. When there are changes to
the MCR Form version such as adding or changing fields, adding calculations, adding new
functionality (uploading data), then there is a new MCR Form version. This is noted by V1, V2,
etc. when filing or viewing an MCR. Details on the changes made with the new form versions
are available on the Resource Center.
MCR Version screen
Note: The version number is also located on the Mortgage Call Report Components, View
MCR Components, and the Print MCR filing screens.
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Amend an MCR Filing
To amend an MCR Filing:
1. From the NMLS Home screen, click the Filing tab.
2. Click MCR on the sub-menu.
[Result:] The Mortgage Call Reports screen displays.
The Mortgage Call Reports screen displays pending filings and processed filings within the last
two years from the period end date with the following Column Headings:
 Available Actions - icons listed below
View Filing/Edit/Submit – View, edit, and/or submit the filing.
Delete – Remove the pending filing from the system.
Undo Amendment – Remove an MCR filing in a Pending Amendment status. This
option is not available after an amendment has been submitted. Once a pending
filing has been cancelled the last processed filing information will be restored.
Upload – Upload an XML file to the filing.







Year - The reporting period year
Period - The reporting period type (annual, quarterly, or other)
Period End Date - The reporting period end date
Format - The filing format: Standard or Expanded
Status - Status of filing:
 Pending Initial - Initial filing, not yet submitted
 Pending Amendment - Amendment to filing, not yet submitted
 Processed - Filing has been submitted and processed
Last Updated By - The user who last took action which resulted in a status change
Last Updated Date - The effective date of the status change
3. Click the View/Edit/Submit icon next to the filing to be amended.
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NOTE: In this example the filing will be amended manually. To amend the filing via upload,
click the upload icon. See the Upload an MCR Filing steps for more information.
4. Click the Edit icon for the component to be amended.
5. Click Continue.
[Result:] The Schedule A, Lines of Credit, or Section I screen displays and the filing is in edit
mode.
6. Complete the amendment filing.
To complete the amendment see the following steps:
 Completing a Standard Financial Condition (S-FC) Component
 Completing a Standard Residential Mortgage Loan Activity (S-RMLA) Component
 Completing an Expanded MCR Filing
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Upgrade a Standard MCR to an Expanded MCR Filing
A company may upgrade from a Standard MCR filing to an Expanded MCR filing. Companies
may opt to file the expanded version for a variety of reasons such as satisfying a regulator’s
request, becoming GSE-approved during the quarter, or having their records in a format similar
to the expanded version. Once upgraded, the Expanded MCR is the filing type for that
reporting period. A company cannot downgrade to a Standard MCR for that period. A Standard
MCR may be filed for the next reporting period.
To upgrade an MCR filing:
1. From the NMLS Home screen, click the Filing tab.
2. Click MCR on the sub-menu.
3. Click the View/Edit/Submit icon next to the filing to be upgraded.
4. Click Use this link to upgrade your MCR to expanded format.
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5. Click Upgrade.
[Result:] The Mortgage Call Report Components screen displays and the filing has been
upgraded to expanded.
To complete the Expanded MCR Filing see the following steps:
 Completing an Expanded MCR Filing
 Completeness Check for S-FC Component Level
 Completeness Check for S-RMLA Component Level
 Submit an E-MCR Filing
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Submitting Financial Statements
Financial statements are used to determine a company’s net worth. In addition, they may be
used by regulators when conducting examinations and investigations. Several regulators
require submission of a financial statement prior to requesting a license/registration or within
90 days of the company’s fiscal year end. Many regulators also have a minimum net worth
requirement that must be met in order for a company to apply for or renew a license/
registration.
Please note that each jurisdiction may have specific financial statement requirements. Please
see the NMLS Resource Center, for information on requirements for Financial Statements.
Financial Statements are divided into the following categories:
 Audited Financial Statement - A financial statement that has been reviewed by a CPA or
equivalent, and represents all components of a financial statement including the balance
sheet, cash flow statement, and income statement.

Unaudited Financial Statement - A financial statement where one or more components
including the balance sheet, cash flow statement, and income statement has NOT been
reviewed. The unaudited financial statement is classified as:
- Unaudited Compiled - assembled by a CPA or equivalent, but not assessed for
accuracy
- Unaudited Reviewed - assessed by a CPA or equivalent
To create a financial statement filing:
1. From the NMLS Home screen, click the Filing tab.
2. Click Financial Statements on the sub-menu.
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3. Click Create Filing.
4. Select the Period Type from the drop-down.
5. Enter the Fiscal Year (YYYY).
NOTE: For additional information on Period Types refer to the Submitting Financial Statements
on NMLS screen on the NMLS Resource Center.
5. Click Create.
6. Complete the Financial Information.
7. Click Save.
NOTE: When a period type other than Annual/Initial is selected, the Key Financial Data section
of Financial Information will not appear for completion.
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9. Click Accountant Information on the navigation panel.
10. Complete the Accountant Information (not required for Unaudited Financial Statements).
11. Click Save.
12. Click Financial Statement Attachment on the navigation panel.
13. Click Add.
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14. Click Browse.
[Result:] A new window opens with a list of computer files.
15. Select the Financial Statement document to be attached to the filing.
16. Click Open.
NOTE: The financial statement must be in a searchable PDF format and may not exceed 8MB.
See PDF Tips on the NMLS Resource Center.
17. Click Save.
18. Click Completeness Check and Submit on the navigation panel.
19. Select the checkbox next to I verify that I am the named person above and that I am
authorized to attest to and submit this filing on behalf of the Applicant.
20. Click Submit Filing.
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Amending Financial Statements
To amend an existing financial statement filing:
1. From the NMLS Home screen, click the Filing tab.
2. Click Financial Statements on the sub-menu.
3. Click the Period Type link to amend the financial statement for the corresponding year.
[Result:] The Manage Filings - Financial Statements screen displays.
4. Click Continue.
[Result:] The Financial Information screen displays.
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View Historical Financial Statement Filings
To view historical financial statements:
1. From the NMLS Home screen, click the Filing tab.
2. Click Financial Statements on the sub-menu.
3. Click Historical Filings on the navigation panel.
4. Click the Fiscal Year link.
[Result:] The Historical Filings Details screen displays.
NOTE: By clicking the Period Type link, the most recently submitted version of the Financial
Statement filing for the corresponding fiscal year opens in a new browser window or browser
tab.
5. Click the View Filing icon.
[Result:] The Financial Statement filing opens in a new browser window or browser tab.
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Key Terms
Audited Financial Statement - A financial statement that has been audited and represents all
components of a financial statement including balance sheet, cash flow statement and income
statement. Accountant Information is to be provided on the Financial Statement filing when a
financial statement has been classified as Audited.
CIK Number - Central Index Key (CIK). A unique identifier assigned by the SEC to companies
who file disclosure documents with the SEC. This number is reported on Company 10K filings
as required for publicly-traded companies.
Component - A generic reference to either a Financial Condition or a Residential Mortgage
Loan Activity Report (RMLA-General or RMLA-State Specific) of an MCR filing.
Expanded Mortgage Call Report (E-MCR) - A type of Mortgage Call Report filing which
requires full detailed information based on the existing Mortgage Bankers’ Financial Reporting
Form (MBFRF). Typically only GSE-approved entities are required to file the E-MCR.
Financial Condition (FC) Report - The component of an MCR which gathers the filing entity’s
financial data at a corporate level. The FC may be Expanded (E-FC) or Standard (S-FC).
Financial Statement - The generic reference to a financial statement, either audited or
un-audited. The financial statement may contain one or more components: balance sheet,
cash-flow statement, statement of income, etc. and is separate from a Mortgage Call Report.
Financial Statement Annual Requirement - The jurisdiction requirement on a license type
that indicates the classification of financial statement that is required on an annual basis. Not
all jurisdictions have a financial statement annual requirement.
Financial Statement Application Requirement - The jurisdiction requirement on a license
type that indicates the classification of financial statement that is required in conjunction with
an application for a new license (excluding transition requests). Not all jurisdictions have a
financial statement application requirement.
Financial Statement Classification - The type of financial statement required by a jurisdiction
in regards to one of the following designations:
 Un-audited (not reviewed/compiled)
 Un-audited (compiled)
 Un-audited (reviewed)
 Audited
Financial Statement Deficiency - The failure to meet either the Financial Statement
Application or Annual Requirement of a license type.
Financial Statement Filing - The event of submitting to NMLS a financial statement along
with key financial data and other supporting information describing that financial statement
(such as the Financial Statement Classification). The Financial Statement Filing is separate
from a Mortgage Call Report.
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Key Terms
Financial Statement Ranking - The ranking associated to a Financial Statement
Classification that represents the relative stringency of a Financial Statement Requirement.
The ranking of Financial Statement Classifications shown in lowest to highest ranking
(increasing stringency) is:
 Un-audited (not reviewed/compiled)
 Un-audited (compiled)
 Un-audited (reviewed)
 Audited
Fiscal Year - The fiscal year for which the Financial Statements and MCR filing represents.
The Fiscal Year qualifies the financial filing in conjunction with the Period Type.
Fiscal Year End - The fiscal year end of the company, as identified on the MU1 filing. The
Period End Date of the Financial Statements or MCR filing should correlate to the Fiscal Year
End for the company. For instance, the Period End Date of an Annual Financial Statement filed
by a company with a Fiscal Year End of 6/30 for the fiscal year 2008 should be 6/30/2008.
Government Sponsored Enterprise (GSE) - A financial services corporation created by the
United States Congress to enhance the flow of credit to targeted sectors of the economy and
to make those segments of the capital market more efficient and transparent. Examples of
GSEs include: Federal Home Loan Bank, Federal Home Loan Mortgage Corporation (Freddie
Mac), Federal Farm Credit Bank, and the Resolution Funding Corporation.
GSE-Approved Entity - A Company which is designated as an approved issuer, seller, or
servicer by one or more GSEs on its Form MU1. For purposes of the MU1, GSEs include Fannie Mae, Freddie Mac and Ginnie Mae.
Historical Filing - A filing that has been processed by the system; therefore, it is in a status of
‘Filing Processed’. Once the system processes the filing it becomes available for view through
the Composite View tab.
Key Financial Data - Numeric values of Assets, Liabilities and Owners’ Equity to be entered
into the system by the Company in conjunction with submitting a Financial Statement filing that
is classified as an Annual/Initial statement. This information is not provided for Financial
Statements that are not annual.
Mortgage Call Report (MCR) - A single report which may contain one or both of corporate
and state specific information, through the Financial Condition (FC) Report and one or more
Residential Mortgage Loan Activity (RMLA) Reports. The MCR may be Expanded (E-MCR) or
Standard (S-MCR).
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Key Terms
Mortgage Call Report Filing - A form type used to manage Mortgage Call Report submissions within NMLS.
Net Worth - Entered by the Company as the Owners’ Equity value.
Net Worth Deficiency - The failure to meet the Net Worth Minimum defined for a license type
either when submitting a new license application on an MU1 or when submitting an Annual
Financial Statement. Not all jurisdictions may have a Net Worth Minimum.
Net Worth Minimum - The minimum net worth value that a company is expected to maintain
in support of license applications and on an annual basis for the specific license type. Not all
jurisdictions may have a Net Worth Minimum.
Pending Filing - A filing that is in an ‘Unsubmitted’ status. A company user or individual can
edit the filing and save changes prior to submitting the filing. This includes MU2 and MU4
filings created by a company user while awaiting attestation by the individual. A regulator
cannot view a filing in an ‘unsubmitted’ status.
Period End Date - The period end date that corresponds to the Financial Statement and MCR
filing. This date should also be aligned with the classification of the financial statement and the
Fiscal Year End of the Company. For instance, a Financial Statement Filing classified as Annual for a company with a Fiscal Year End of 12/31 would specify a Period End Date of
12/31/2008. This indicates that the financial statement covers 1/1/2008 through 12/31/2008.
Period Type - Represents the period for which the Financial Statement and MCR filing
pertains in regards to being an annual, quarterly or year-to-date filing. The Period Type qualifies the Financial Statement filing in conjunction with the Fiscal Year.
Residential Mortgage Loan Activity Report (RMLA) - The component of an MCR which
contains information about the mortgage activities for a company and its Mortgage Loan
Originators (MLOs). An RMLA has two components which contain company-level and statespecific information. The company-level RMLA component contains information about the lines
of credit and general notes. The state-specific RMLA components are completed for each state
in which a company is licensed/registered and contains state specific activity. The RMLA may
be Expanded (E-RMLA) or Standard (S-RMLA).
Standard Mortgage Call Report (S-MCR) - A type of Mortgage Call Report filing which gathers detailed data, but which is a subset of the Expanded filing type.
State-Specific Instructions - Published details by license type for requirements in that
jurisdiction. Visit http://mortgage.nationwidelicensingsystem.org or each jurisdiction’s website
for issues pertaining to qualifying individual or branch manager, financial responsibility,
bonding, etc.
Submitted Filing - A filing in a status of ‘Submitted’. The applicant can only view the filing in
read-only mode. Submitted filings have not yet been processed by the system but can no longer be edited by the applicant.
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Key Terms
Unaudited Financial Statement - One or more components of a financial statement (balance
sheet, cash flow statement, income statement) that has not been audited, reviewed nor
compiled by a CPA or equivalent. Accountant Information is not provided when a financial
statement has been classified as Unaudited.
Unaudited (Compiled) Financial Statement - An un-audited financial statement for which the
financial data has been assembled by a CPA or equivalent but not reviewed for accuracy.
Accountant Information is to be provided on the Financial Statement filing when a financial
statement has been classified as Unaudited (Compiled).
Unaudited (Reviewed) Financial Statement - An un-audited financial statement for which the
financial data has been reviewed for accuracy by a CPA or equivalent. Accountant Information
is to be provided on the Financial Statement filing when a financial statement has been
classified as Unaudited (Reviewed).
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