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AI & Technology Why Commonwealth Cost Calculator InsightsA quarterly deadline that stops being your problem.
MCR preparation and filing handled end to end: collected, validated and reconciled to your LOS and your NMLS record, then submitted on time, every quarter.
Quarterly filing · Reconciled to your LOS · Onshore team
The whole cycle, not the easy part.
The filing itself is rarely the hard bit. Getting the numbers to agree across three systems is.
Preparation and filing
Quarterly MCR prepared and submitted on schedule. You stop tracking the deadline, assembling the figures and hoping the person who did it last quarter still works here.
Collection and validation
We pull the data, check it and generate the report. Validation happens before submission rather than being discovered afterwards, which is the difference between a filing and an amendment.
Reconciliation
Figures reconciled against both your LOS and your NMLS record. When those two disagree (and they often quietly do), that gap is exactly what an examiner notices.
Fitted to your institution
Templates and reporting shaped around how your shop actually records things, rather than a fixed format you have to reverse-engineer your data into each quarter.
It is small, recurring, and unforgiving.
MCR rarely justifies a dedicated person, so it lands on someone who already has a full job. That is precisely why it slips.
It competes with real work
Whoever owns MCR internally owns it on top of their actual role. The quarter it collides with an audit or a volume spike is the quarter it gets rushed.
The knowledge sits with one person
Most lenders have exactly one person who knows how the figures are assembled. When they leave, the process is reconstructed from memory and a spreadsheet nobody documented.
Errors compound quietly
A misclassification repeats every quarter until someone asks about it. By then the correction spans several filings rather than one.
We just run it
Same team, same method, every quarter, with the reconciliation evidence retained. Your staff get the time back and the deadline stops being a recurring risk.
Part of a wider compliance picture.
MCR data and HMDA data describe the same lending from different angles, and regulators can compare them. Where both are prepared by the same team, inconsistencies surface internally rather than in an examination finding.
Hand us the next quarter.
One filing is enough to see how it goes. Nothing to implement, and no commitment beyond the quarter.