What is the main purpose of the Mortgage Call Report?

The primary purpose of the Mortgage Call Report is to provide a summary of the financial health of mortgage companies and lenders. This report is crucial for regulatory agencies and financial institutions as it offers insights into a lender's operation, including capital levels, assets, liabilities, and overall financial condition. A comprehensive understanding of a lender's financial health helps ensure that the institution is compliant with various regulations and can continue operating effectively in the mortgage market.

While tracking loan performance metrics may be a component of the overall financial health reporting, the Mortgage Call Report focuses more holistically on the broader financial landscape of the institution. Additionally, market trends and specific lending practices provide valuable information but do not encompass the fundamental organizational financial details captured by the Mortgage Call Report. This distinction is what makes summarizing the financial health the primary objective of the report.