HMDA Data: Universal Loan Identifier

If you are a “large filer” for HMDA, meaning you report ALL data fields, you are required to report a Universal Loan Identifier or ULI. A ULI is a unique number you assign to essentially identify a covered application. While that might seem pretty straightforward, there are some requirements. For example, your ULI must begin with your institution’s LEI (Legal Entity Identifier), you cannot exceed 23 characters (not including the LEI) and the ULI cannot include any personal information that could identify the applicant (SSN, Passport number, etc.).

David explains more in the video.

 

HMDA Resources!

Video Highlights:

  • The Universal Loan Identifier (ULI) is a way to identify a HMDA covered application.
  • ULIs can have alpha-numeric characters and check digits, with a maximum of 23 characters.
  • The purpose of a ULI is to ensure privacy.

Published
2023/03/10
David Dickinson

David Dickinson

David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.

He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.

David and his wife Karen have three adult children, four grandchildren (none of whom live at home!) and two cats (of which Dave is allergic … the cats, not the children!). They recently moved to an acreage outside of Lincoln, Nebraska where he gets to play with his tractor. When possible David can be found fishing, making sawdust in his shop, or playing the guitar and piano. He also enjoys leading worship at his church.

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