A community bank used Asurity’s HMDA scrub and staff training to verify data accuracy, correct reporting errors, reduce operational burden, and enhance compliance effectiveness for its annual HMDA submission.
Case Study Category: Mortgage and HMDA Support Services
HMDA Compliance Guide, Analysis, and Advisory
The Home Mortgage Disclosure Act (“HMDA”) requires that covered financial institutions submit 109 data points on each reportable mortgage transaction. HMDA data is extremely nuanced and often requires expert assistance
HMDA Sample Scrub
Financial institutions face a continual obligation in ensuring compliance with the Home Mortgage Disclosure Act (HMDA). Federal and state regulators, consumer advocacy groups, and others…
Annual HMDA Scrub
Annual Home Mortgage Disclosure Act (“HMDA”) filing is challenging for all institutions, but it can be especially difficult for those with limited volumes of HMDA-reportable loans…
HMDA & CRA Scrub
The Home Mortgage Disclosure Act (HMDA) is a federal law enforced by the Consumer Financial Protection Bureau (CFPB) that requires financial institutions to collect and report on their mortgage…
Mortgage LOS Optimization
Having compliant systems and technology is crucial in operating a sound business. Not only does implementing new technology require an organization to consider the technological requirements needed…