blog Archives

Maintaining Your HMDA Data Accuracy to Avoid Penalties

by Dana Ginsburg | Dec 5, 2021 | blog, HMDA

When it comes to your client’s data, your main priority should rightly be keeping it secure from any third parties. However, when the time comes to deliver the data and you have accidentally omitted a piece of information, it can have serious consequences for you...

Five Reasons for Doing a HMDA Scrub

by Michael Taliefero | Nov 30, 2021 | blog

With only a few months left before your March 1 filing, now is a good time to plan the year-end HMDA scrub. The point of a HMDA Scrub is to compare specific data in the loan application register (LAR) to loan origination source systems (LOS) or physical loan...

Analyzing “Not Provided” Race/Ethnicity in HMDA Data Before Submission

by Michael Taliefero | Nov 9, 2021 | blog

An old adage is that statistical analysis can only be as good as the data that goes into it. Garbage in, garbage out. In the realm of fair lending analysis, there is a dilemma that every analyst must deal with, namely, how to handle and analyze HMDA records where race...

5 Ways HMDA Data Are Used in Fair Lending Analysis: Your analysis is only as good as the data

by Michael Taliefero | Nov 1, 2021 | blog

Fair lending analysis attempts to use lending transaction data to tell the story of the evenhandedness of underwriting, pricing, and marketing decisions in terms of what happened when, where, why, how, and to whom. Fair lending compliance managers may use HMDA...

5 Ways to Use HMDA Data in a Non-Fair Lending Context

by Michael Taliefero | Oct 29, 2021 | blog, HMDA

I have always been shocked by the reluctance of lenders to use HMDA data for reasons other than fair lending. Too often, mentioning the four letters, H M D A, causes heartburn among lenders. This is understandable because HMDA is associated with...

What is a Low Denial Rate Really Telling You?

by Debbie Malzahn | Oct 27, 2021 | blog

Here’s an observation worth considering: A low denial rate irrespective of prohibited bases does not in itself ensure that denial disparities by prohibited bases will disappear. In fact, that low denial rate could be a warning that other issues exist, and if the...