HMDA was back in the news this month with the CFPB’s latest ruling announced and with the year swiftly coming to a close, it…
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February 28, 2019
Tackling TRID Tolerance Violations and Investor HMDA Data Scrutiny
As I work with lenders to solve for the alphabet soup of compliance, TRID and HMDA specifically, I consistently receive questions around the latest…
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August 21, 2018
Three Things You Didn’t Know HMDA Automation Could Do
Automation provides a wealth of benefit to any manual process, inlcuding speed (file reviews in under 5 minutes), accuracy (99% for data validation) and…
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January 2, 2018
Happy New Year from CFPB
The CFPB is welcoming the new year with a change of heart on the collection of the new HMDA data. According to Acting Secretary…
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December 19, 2017
Last Ditch Effort to Delay HMDA
Better late than never, I guess. The Community Home Lenders Association sent a letter to acting CFPB Director Mulvaney seeking a delay in implementation…
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December 12, 2017
Role Reversal? MBA Worries About Consumer Protections
The MBA, along with other mortgage and banking industry trade groups, are challenging CFPB’s ‘Proposed Guidance’ for handling the disclosure of HMDA data. The…
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December 7, 2017
Mining the Markets. HMDA can Help.
More lenders are realizing that HMDA data can be a benefit in identifying new markets and paths to increase business in present markets. It…
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November 10, 2017
Just Another HMDA Alert
I hope by now everybody knows or should know, that CFPB has increased the reporting requirements for data under the Home Mortgage Disclosure Act…
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October 17, 2017
With More FinTech – Along Comes RegTech
With the increase of FinTech, technology to support financial service operations, comes RegTech, the technology to address and monitor regulatory compliance. Today, we have…
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August 4, 2017
Are You Sure You Can Rely on Your LOS Data?
Think carefully before you answer. How many times, after closing, have you found that some information about the loan, the property, and/or the borrowers…
