The public HMDA LAR could be released as soon as next week. Are you prepared for Fair Lending and HMDA compliance with this accelerated timeline? Here are 7 videos to help you learn and prepare.
You may think that just because you filed HMDA earlier this month, you're finished with Home Mortgage Disclosure Act and Fair Lending compliance for a while. With the prospect of 2017 HMDA LAR being released as soon as next week, on April 1, HMDA and Fair Lending remain top priorities.
Not only are media outlets using the public HMDA data more publicly in their reporting (that recent Reveal report we discussed in last week's post is still gaining momentum and educating consumers about Redlining), but some regulators appear to be implementing even more strict Fair Lending oversight as the prospect of potential changes to the CFPB looms. When that public HMDA LAR hits, we can expect a flurry of news about Fair Lending - and possibly even more scrutiny.
In these 7 videos about HMDA compliance, we answer some of the most common questions about the new HMDA rule, and what to do after filing your LAR.
Check out the videos and let us know what you think in the comments! You may also enjoy this free HMDA compliance checklist to read and share with your team.
1. The Difference Between LEIs and ULIs
2. When to Collect GMI Data
3. The Good Faith Provision
4. Getting an Edit Report
5. HMDA & CRA Compliance
6. Loan Operating Systems & HMDA Submission
7. What to Do After Filing HMDA
TRUPOINT Viewpoint: Even though the spring is upon us, now is certainly not the time to kick back and cool your heels. That said, we are happy to report that we've created this free checklist, 7 Steps to Take After You File Your HMDA LAR, to help you make sure you're on the right path to HMDA compliance success!