Welcome to the fourth quarter! If you haven’t been keeping your LAR spotless, you’re almost out of time to ensure an accurate HMDA LAR for 2022. Will your submission pass the test? Are your loan officers making the right choices when entering data? Are your systems in sync? Click through to check out 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.