“HMDA, getting it right” has meaning – it’s all about accurate data. Ideally, your front-line staff would capture everything correctly, every time. In reality, human error is a part of the HMDA process. HMDA data integrity includes ensuring that the data reported matches the information found in loan files, as well as, performing errors and omissions testing.
Whether we assist your efforts with HMDA LAR Services, HMDA consulting, or with our HMDA, CRA and fair lending software, you can count on submitting an error-free HMDA Loan Application Register (LAR). Keep in mind, unclear or unwritten data collection processes can have a far reaching impact on filing the HMDA LAR, as well as, you bank’s CRA and fair lending performance.
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