What is the NMLS Mortgage Call Report?

The Mortgage Call Report is how state regulators see what a licensed mortgage company is actually doing between examinations. NMLS requires it of all state-licensed companies and of companies that employ state-licensed mortgage loan originators, which means it reaches lenders, brokers, and servicers alike, and it reaches them whether or not they originated anything during the period.

The two components

The Residential Mortgage Loan Activity component reports what you originated, brokered, or serviced. It is completed once at the company level and then again as a state-specific component for every state where you hold a license, including states where nothing happened that quarter. The Financial Condition component reports the company's financial position and is completed once, at the company level, from your financial statements.

The deadlines

The RMLA and each State-Specific Supplemental Form are due within 45 days of the end of the calendar quarter. In practice that puts the first quarter on May 15, the second on August 14, the third on November 14, and the fourth on February 14.

The Financial Condition component follows a different cadence depending on the kind of mortgage business you run. The NMLS user guide for MCR Form Version 7 describes it as filed quarterly, alongside the RMLA, for mortgage lenders and servicers, and annually, within 90 days of the end of the calendar year, for mortgage brokers. Confirm which applies to your license types before you build the calendar around it.

Form Version 7

NMLS moved the Mortgage Call Report to Form Version 7 in its 2026.3 release on March 21, 2026, and the new form applies beginning with the first-quarter 2026 reporting period. Several state regulators published grace periods for the first Form Version 7 filing; whether one reached your licenses is a state-by-state question, and the underlying 45-day rule is what applies once any grace period lapses.

Two things that catch filers out

The first is the zero-activity filing. A state-specific component is required for every state you are licensed in, for every quarter, whether or not you did business there. A quiet state is still a filing.

The second is Oregon. NMLS does not automatically create the Oregon state-specific component the way it does for other states, so it has to be added to the filing by hand. A company that relies on the system to assemble its state list will file a complete-looking report with Oregon missing.

Why it matters beyond the filing itself

MCR history is visible to every state that licenses you, and a pattern of late or amended filings tends to surface at renewal, when a regulator is already looking at your record. The reconciliation is the part worth systematizing: the numbers in the report should tie to your loan origination system on a regular cadence, not be assembled in the days before a deadline.

How we help

We manage state license portfolios and the filing calendar that sits on top of them, so renewal windows, annual reports, and call report due dates are tracked in one place rather than living in one person's head. See mortgage licensing for the full scope of what we run, or talk with our team about your state list.