As the end of the calendar year approaches, lenders increase focus on HMDA compliance. Incorrect or incomplete LAR files can result in costly re-scrubbing and resubmission. We discuss five common errors encountered during the HMDA collection and reporting process and corrections for them. Click below to download.
ADI has the experience and expertise to assist. Using our proprietary HMDA Audit Platform, we provide efficiencies in cost and time through our LAR creation, overview audit, and loan level review/scrub services. Learn more about our HMDA compliance services.