Changes are coming to the Mortgage Call Report (MCR) starting with the Q1 2024 filing. The revised MCR will no longer have separate standard and expanded forms. The MCR will be one form and the sections a licensee must complete will depend on the company’s business activities. To see the sections required for which business activities, review the MCR business activity mapping table.
CSBS is publishing information related to the new MCR, called Form Version 6 (FV6). Resources currently available include a summary of the changes, a sample of the FV6, and specifications for XML submission. Visit the Mortgage Call Report page and scroll down to the section about MCR changes.
Licensees are encouraged to review the posted information and to start planning now to ensure a smooth implementation. Additionally, licensees should review the business activities they report in NMLS to ensure they are updated because the data you provide on the MCR is driven by the business activities listed.
Look for continued updates from CSBS in the coming months, including training opportunities.