For all mortgage lenders who need to prepare a HMDA loan application register (LAR) intelligently for submission
Data Validation
Edit Checks
Getting Started
Mapping
National Benchmarks
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 mirrors the HMDA data creation 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
Includes key reports by race, ethnicity and age
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
On-screen access HMDA guidance
1. Unlimited training and support
2. Allows limited access for others to help prepare the HMDA data for submission