Welcome back to ADI’s quarterly HMDA Q&A series, HMDA Huddle. As the end of the second quarter of 2022 approaches, HMDA compliance should remain a consistent focus. Many lenders loosen procedures and fall back into pitfalls of inaccuracy after their previous year’s LAR is filed. Don’t let that happen to your institution, as it will create “catch-up” work in the third and fourth quarters. Click through to this quarter’s Huddle.
ADI assists a wide variety of lender clients with HMDA LAR audits and quality control throughout the year, including preparing for standard submissions and resubmissions. Below, we present questions that highlight nuances and misinterpretations of the HMDA guidance, and our answers to those questions. Please check back for future installments or subscribe to ADI Insights to automatically receive updates each quarter
