TX-SML Adds New MCR Reporting for Certain Mortgage Licensees

Overview

Beginning in Q1 2026, Texas residential mortgage loan companies and mortgage bankers that are licensed or registered in the state will be subject to a new reporting requirement under 7 Texas Administrative Code §§ 56.205 and 57.205.

Licensing and Reporting ImpactThe requirement applies to licensees and registrants that employ independent loan processors and underwriters. Covered entities must complete the Licensed Processors and Underwriters section of the State Specific Supplemental Form (SSSF) on the Mortgage Call Report (MCR), including forms SF 600 through SF 660. As noted, the requirement goes into effect for the Q1 2026 MCR submission (due May 15th).

Compliance ConsiderationsMortgage companies should review their current use of independent processors and underwriters and ensure that required information is collected and reported accurately through the SSSF beginning with the Q1 2026 MCR filing.

FS Vector assists mortgage companies with state licensing, registration, and ongoing reporting obligations, including Texas specific requirements. Contact us if you have questions about how this new reporting obligation may impact your compliance program.

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