When is the Mortgage Call Report due and required to be filed?

The Mortgage Call Report, also known as the MCR, is a crucial tool used by the Consumer Financial Protection Bureau (CFPB) to monitor the financial performance of mortgage lenders and ensure compliance with federal regulations. This report is required to be filed on a quarterly basis, which means it should be submitted four times a year. The requirement is designed to provide a regular snapshot of a lender's activity and performance, allowing regulators to assess the health of the mortgage market and identify any potential issues that may arise.

Filing quarterly allows for timely updates and adequate oversight in an industry that can change rapidly. This frequency is essential for maintaining up-to-date records of loan origination and mortgage activity, contributing to overall market transparency. Understanding the timing and frequency of this report is vital for compliance and for monitoring one's own business practices effectively.