Banker's Compliance Consulting Blog

Collecting Demographic Information on Telephone Applications

HMDA requires that you collect an applicant’s demographic information (DI) at the time of...

EFT Disputes & Card Loss or Theft

Loss or theft of an access device includes both the card being physically stolen or just the...

HMDA: Reporting Approved But Not Accepted

When reporting the action taken for HMDA, there are eight different options which include things...

Reporting Income for HMDA

During the loan application and underwriting process, loan officers often encounter different...

Reporting Demographic Information: Don't Touch It!

When an applicant provides their demographic information (race, sex, and ethnicity) in connection...

Small Filers & Exempt HMDA Data

If you are considered a “small filer” for HMDA, it basically means you don’t have to report as much...

Regulation E Business Days

Many of the timing requirements found in Regulation E are based on “business days”.There are some...

HMDA: Reporting the Action Taken for Counteroffers

In one of our recent HMDA webinars, we received the following question:

HMDA: Reporting the Loan Amount

Reporting the loan amount for HMDA can be tricky.First of all, you are required to report the exact...

HMDA: Prequalifications vs. Preapprovals

Lenders, and others in the mortgage industry often use the terms “prequalification” and...