Filing the MCR Report | Delinquent MCR Report

CA Bureau of Real Estate Mortgage Call Report

Important MLO information for you to know

To download the entire Winter 2015 Bulletin click below

It is critical that real estate brokers timely file the Nationwide Mortgage Licensing System (NMLS) Mortgage Call Reports (MCRs) as required by Business and Professions Code section 10166.08. Mortgage Loan Originator (MLO) renewal applications are delayed or denied if these reports are delinquent.

With the implementation of the new cite and fine regulations, real estate brokers are also subject to citations and fines as well as possible disciplinary action against their license if the MCRs are not filed as required.

For all MLOs, additional information and instructions for filing the MCRs can be found on the NMLS Resource Center website: National Mortgage Licensing System.

For California MLOs additional questions may also be directed to the Bureau of Real Estate Mortgage Loan Activities section at (916) 263-8941.

Transferring the stress from your desk to our team at QCP Systems is what many Lenders and Brokers have done. They realized that the removal of the MCR task to QCPS made good business sense, because it was cost effective, less time consuming, at less risk, comprehensive data management control, more time to focus on the details of origination and closing of loans. You too can enjoy the peace of mind that the entire MCR process of compiling your data and filing are in good hands with the trusted authority in government reporting.

To get started with your MCR, go HERE and follow the simple steps and get connected now.