Which report must mortgage licensees regularly submit to the NMLS?

Prepare for the West Virginia Mortgage Loan Originator (MLO) Test. Study using flashcards and multiple choice questions, each with detailed explanations. Boost your confidence and get ready to succeed on exam day!

The Mortgage Call Report is a specific report that mortgage licensees are required to submit regularly to the Nationwide Multistate Licensing System (NMLS). This report provides critical operational and financial information about a licensed mortgage entity and is intended to ensure transparency and regulatory compliance within the mortgage industry. The data submitted in this report includes information related to loan volumes, financials, and other pertinent metrics that allow regulators to monitor the health and activity of mortgage businesses.

The importance of the Mortgage Call Report lies in its role in helping maintain the integrity of the mortgage lending process and assisting in the overall oversight of mortgage licensees. By analyzing the submitted reports, regulators can identify trends, potential issues, or areas needing regulatory attention, ultimately promoting a safer lending environment for consumers.

While the other options may pertain to different aspects of regulatory compliance or reporting, they are not the required regular submissions specified by the NMLS, making the Mortgage Call Report the correct choice for this question.

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