Banker's Compliance Consulting Blog

Inquiry vs. Application

Do you know the difference between an inquiry and an application? Many lenders think they...

HMDA Action Taken: File Closed for Incompleteness

One of the data fields you are required to report on the HMDA-LAR is the “Action Taken.” In other...

Flood Insurance: Determining Insurable Value

When determining the amount of flood insurance necessary for a building located in a Special Flood...

The Rate Set Date

There are several regulatory requirements found in Regulation Z that rely on a rate spread...

TRID & the Good Faith Standard

It is crucial that lenders understand the Good Faith Standard related to TRID disclosures (Loan...

RESPA’s Section 8 Prohibitions

A recent Advisory Opinion related to RESPA’s Section 8 prohibitions was released by the CFPB in...

HMDA for Large Filers: Filing Instruction Guide

Whether you are a large or small filer for HMDA, you should be familiar with the CFPB’s Filing...

FinCEN Provides Beneficial Owner Resources for Reporters

As promised, FinCEN has released a number of resources aimed at helping businesses understand their...

HMDA Data: Application Date

When it comes to the application date for HMDA, you need to ensure you are relying on how HMDA...

Section 1071 Final Rule Issued

It’s been a long time coming, but the Section 1071 Final Rule is finally here! You may recall this...