The California DFPI announced it will implement the Mortgage Compliance Dataset (MCD) for residential mortgage origination compliance exams.
What changed
Standard procedures for electronic closed-loan data in MCD format will be established to streamline compliance reporting.
Compliance perspective
Lenders must prepare for compliance exams that utilize the new dataset in 2027.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.