Archive for March, 2011

State or Federal?

March 30, 2011

Federally-regulated institutions are now using NMLS, so we want to expand the blog to address issues for both State Licensees and Federal Registrants related to SAFE Act Compliance. To help make things more clear, we will work hard to clearly identify any post that is applicable to only State Licensees or only Federal Registrants. So look for “STATE” or “FEDERAL” in the title of future posts, as well as in the tags.

Final XML Spec for Call Report Upload

March 24, 2011

The final XML Specification for uploading the NMLS Mortgage Call Report via XML has been posted on the NMLS Resource Center. Changes made since the first draft have been documented on page 2. NMLS has also posted a  sample pack which contains the XML schema and a few sample XML files.

More Details About the Mortgage Call Report

March 11, 2011

NMLS has recently posted more details about the Mortgage Call Report (MCR) that is set to come online May 2, 2011. Highlights include:

  • A State MCR Requirements Chart which provides state reporting requirements by state agency and license type.
  • Details on the XML upload option that is going to be available. This will be used primarily by companies who are able to pull data out of their internal systems. The data will need to be formatted according to the XML specifications and then manually uploaded into NMLS.
  • A statement that no processing fees will be charged for the MCR this year.
  • A reminder to review your company MU1, specifically the “Other Business Section”. NMLS will use the information found on the MU1 (regarding Fannie, Freddie or Ginnie) to determine whether you need to complete the Standard or Expanded portion of the Call Report, so be sure it is accurate.
  • NMLS will be offering MCR training workshops in April and May.

For all the details, go the NMLS Mortgage Call Report Page.