HMDA Ready

For mortgage lenders who need to prepare a HMDA loan application registrar (LAR) intelligently for submission

LendingPatterns

What can HMDA Ready™ do for you?

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. Free upgrade for existing LP or FLM customers
Data Validation, Reports and Features
  1. 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.
  2. On-screen HMDA Guidance
  3. User Permissions
  4. National Benchmarking