Beginning in the first quarter of 2026, residential mortgage loan companies and mortgage bankers licensed or registered in Texas that employ independent loan processors and underwriters will be required to comply with a new reporting requirement. This change is established under 7 Texas Administrative Code (TAC) §§ 56.205 for mortgage companies and 57.205 for mortgage bankers.
The new requirement affects both mortgage companies—including those operating as independent contractor loan processor and underwriter firms—and mortgage bankers who indicate in the Nationwide Multistate Licensing System (NMLS) that they engage in third-party mortgage loan processing or underwriting.
As part of the Mortgage Call Report (MCR) submission process through NMLS, these entities must now complete the “Licensed Processors and Underwriters” section of the State-Specific Supplemental Form (SSSF). The SSSF was first introduced as a supplemental part of the MCR with Form Version 6 in April 2024 and will continue with Form Version 7, scheduled for release in April 2026. The form collects data specific to Texas that is not included in the general MCR.
Licensees are required to fill out several sections within the SSSF, including SF600 through SF660, which track application activity throughout each quarter:
– SF600: Applications In Process at Beginning of Quarter
– SF610: Applications Received for Processing/Underwriting During the Quarter
– SF620: Applications Returned to Creditor, Incomplete
– SF630: Net Changes in Application Amount
– SF640: Other Changes to Applications
– SF650: Applications Processed/Underwritten, Completed
– SF660: Applications In Process at End of Quarter
Data must be reported as positive dollar amounts or whole numbers without symbols.
Companies engaged in third-party processing or underwriting in Texas are advised to review their NMLS business activity designations, prepare to complete the SSSF for their Q1 2026 MCR filing, and ensure staff are trained on these new requirements.
Further information about this new requirement can be found by visiting the NMLS Resource Center or reviewing the full text of 7 TAC §56.205 and §57.205.
The Department of Savings and Mortgage Lending serves as an agency of the State of Texas responsible for chartering, regulating, and supervising thrift and mortgage sectors (official website). It operates under oversight from the Finance Commission of Texas (official website) and oversees state-chartered savings banks with more than $290 billion in assets, over 42,000 residential mortgage loan originators, and more than 4,600 related entities (official website). The agency’s mission includes protecting depositors, creditors, and borrowers while maintaining ethical standards (official website).
For questions regarding filing requirements for either SSSF or MCRs generally, contact information is provided by regulatory authorities.
