What are mortgage loan originator licensees required to submit to the NMLS?

Mortgage loan originator licensees are required to submit Mortgage Call Reports to the Nationwide Multistate Licensing System (NMLS). This reporting is essential for maintaining regulatory compliance and helps ensure transparency in the mortgage industry. Mortgage Call Reports provide vital information about the loan origination activity, financial standing, and consumer protections of the licensees, thereby allowing regulatory bodies to monitor the performance and practices of mortgage originators.

The submission of these reports is a critical component of maintaining a license since they help the authorities keep track of the overall health of the mortgage lending market. Proper compliance with this requirement is essential for license renewal and for demonstrating the integrity of the loan originator’s business practices.

Other options, such as loan disclosures, credit reports, and annual financial statements, while important in various contexts, do not fit the specific requirement of what must be submitted to the NMLS by mortgage loan originator licensees.