The NMLS Call Report requires mortgage companies to report which type of information?
Correct Answer
B) Aggregate mortgage origination activity and volume data
The NMLS Call Report requires mortgage companies to report aggregate data about their mortgage origination activities, including loan volumes, types of loans originated, and other business activity metrics. This data is used for regulatory oversight and market analysis purposes.
Why This Is the Correct Answer
The NMLS Call Report requires mortgage companies to report aggregate data about their mortgage origination activities, including loan volumes, types of loans originated, and other business activity metrics. This data is used for regulatory oversight and market analysis purposes.
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A state regulatory authority receives a tip that an MLO is advertising services in their state but is only licensed in a neighboring state. What is the FIRST step the authority should take in their investigation?
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