Ongoing Saga of Data Quality Challenges in DTI and HMDA Fields
It’s now been five years since the HMDA reporting requirements were dramatically expanded in 2018, and, in my assessment, there continue to be substantial data quality concerns. In this blog, I will focus specifically on one field, the debt-to-income (DTI) ratio,...Free eBook for Credit Unions
Free eBook: Fair Lending for Credit Unions FREE DOWNLOAD Send download link...Top 5 HMDA Blogs from ComplianceTech
Maintaining Your HMDA Data Accuracy to Avoid Penalties 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...
How LendingPatterns™ helps you make sense of HMDA
HMDA data is both a recurring concern and a useful tool for financial institutions. Banks, credit unions, and independent mortgage companies have to submit HMDA every year or risk the penalties so that all of this data can then be viewable to the public and can paint...
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