Home Mortgage Disclosure Act Compliance

Under the Home Mortgage Disclosure Act (HMDA), lending institutions must report certain data from all home-related loan applications.

But the process is not entirely automated, so if personnel are not properly trained in HMDA requirements, recording, interpreting or entering data incorrectly is a distinct possibility. Our HMDA Compliance Services can help.

We will assess current compliance efforts; review Loan Application Register (LAR) data against source documents for accuracy; help develop an error-reduction action plan, if necessary; help create data-collection policies and procedures; and provide customized training on regulation requirements.