Mortgage Loan Originator (MLO) Licensing Practice Test 2025 - Free MLO Practice Questions and Study Guide

The Mortgage Call Report (MCR) is a regulatory requirement for mortgage companies, primarily aimed at collecting data that enables regulators to monitor the mortgage industry effectively. The inclusion of all originations, closures, or denials in a quarter ensures that the report comprehensively captures the organization’s lending activities during that period.

This data provides valuable insights into the company’s operations, such as how many loans were successfully originated, how many were closed, and how many applications were denied. This information is crucial for assessing the performance and risk exposure of mortgage lenders, allowing regulatory bodies to identify trends and potential issues within the industry.

In contrast, focusing only on closed transactions, pending applications, or a summary of loans serviced would provide an incomplete picture of the company’s activities and its overall contribution to the market, therefore missing critical factors required for effective regulation and oversight.