Remember the SAFE Act requires all mortgage loan originators, both bank and non-bank, to register with the NMLS. Bank MLOs merely have to register. Non-banks MLOs have to both get licensed under state law and register with the NMLS. Non-banks, such as mortgage companies, also have the additional burden of filing periodic mortgage loan call reports to the NMLS. Banks do not have to file mortgage loan call reports with the NMLS, but they still must file call reports with their federal regulator, just as they have done for decades.