HMDA Ready

For mortgage lenders who want to have confidence in their HMDA loan / application register (LAR)  submission

LendingPatterns

What can HMDA Ready™ do for you?

Getting Started

National Benchmarks

Mapping

Edit Checks

Data Validation

What HMDA Ready™ does for you
  1. Avoid civil monetary penalties, costly resubmission expenses.
  2. Mitigate Compliance Management System (CMS) Risk by building a better HMDA data foundation.
  3. Identifies hidden data quality problems undetected by edit check.
  4. Establishes the foundation for accurate and effective fair lending monitoring.
  5. Critical for a superior fair lending examination experience by your federal or state examining authority.
Step-by-Step guided process
  1. Fully integrated with other ComplianceTech tools, (Fair Lending Magic™, Lending Patterns™, HMDA Ready™, and CRA Check™)
  2. Discover data quality problems that could negatively affect your compliance
  3. Capture more data for a complete view of your business
  4. Easy-to-use templates make it easier to validate data
  5. Generate reports to track compliance, helping you avoid penalties and resubmission fees
  6. Data validation that helps identify outlier values not subject to FFIEC edit checks
  7. Generate submission-ready reports for federal and state authorities
Data Validation, Reports and Features
  1. Better data quality improves managerial decision-making
  2. Generate submission-ready loan application register databases from scratch using our spreadsheet template or via import from a loan origination system or other vendors’ application.
  3. On-screen HMDA Guidance
  4. User Permissions
  5. Compare your HMDA data with national HMDA benchmarks prior to submission
  6. Verify addresses for current year submission and prior years in seconds
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