Jump to main content

# When HMDA Applies is selected on Loan Definition, when will I receive a separate Demographic Information Addendum, and when will the expanded demographic information be collected within the credit application?

When using the Universal Credit Application Real Estate documents and HMDA Applies is selected on the Loan Definition page, by default you will receive the Universal Credit Application Real Estate-HMDA document which includes the disaggregated demographic data within the application and a separate Demographic Information Addendum is not selected. If you would like to use the separate Demographic Information Addendum with the Universal Credit Application Real Estate, select Demographic Information Collected Separately found on the Document Data page under each of the Borrower and Cosigner sections.

When using the Fannie Mae 1003 Freddie Mac 65 Universal Residential Loan Application and HMDA Applies is selected, you will continue to receive a separate Demographic Information Addendum as the application does not include the disaggregated demographic data within the body of the document. Please note that in this type of transaction, you will see Demographic Information Collected Separately found on the Document Data page under each of the Borrower and Cosigner sections defaulted checked. If Demographic Information Collected Separately is unselected, you will not receive a Demographic Information Addendum for this party.

You should keep the following points in mind:

- Classifying the parties appropriately as a Co-Applicant or not is your responsibility based on minimal regulatory guidance.
- You are encouraged to consult with your legal counsel and/or compliance consultants to determine whether and when to collect information on a Cosigner.