For mortgage lenders who want to have confidence in their HMDA loan / application register (LAR) submission
What can HMDA Ready™ do for you?
What HMDA Ready™ does for you
- Avoid civil monetary penalties, costly resubmission expenses.
- Mitigate Compliance Management System (CMS) Risk by building a better HMDA data foundation.
- Identifies hidden data quality problems undetected by edit check.
- Establishes the foundation for accurate and effective fair lending monitoring.
- Critical for a superior fair lending examination experience by your federal or state examining authority.
Step-by-Step guided process
- Fully integrated with other ComplianceTech tools, (Fair Lending Magic™, Lending Patterns™, HMDA Ready™, and CRA Check™)
- Free upgrade for existing LP or FLM customers
Data Validation, Reports and Features
- Better data quality improves managerial decision-making 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.
- On-screen HMDA Guidance
- User Permissions
- National Benchmarking