HMDA Reporting
This section includes questions and answers about HMDA reporting.
- How do I identify a transaction as HMDA reportable?
- How do I identify a transaction as partially exempt per Senate Bill 2155 for HMDA Reporting?
- If I select Partially Exempt per S. 2155 on the Loan Definition page, how will that impact my transaction?
- My organization is regulated by the OCC; how do I continue to report the Reasons for Denial on my partially exempt transactions?
- What is the flow for licensed and non-licensed HMDA Wiz user?
- How do I insert and update a transaction when licensed for the HMDA Wiz interface?
- Can I create a HMDA record without being in a transaction?
- What is the rate spread?
- Can I manually look up the geocoding information?
- What options throughout the workflow are related to HMDA reporting?
- I am reviewing the HMDA LAR Record report for a transaction for which HMDA Applies is selected. Where in the workflow do I navigate to edit a specific field from this report?
- When I take an application and the applicant does not want to provide race, ethnicity, or gender information, must I indicate the disaggregated categories on the Demographics page?
- I know that applicant’s or borrower’s age is required to be collected on HMDA transactions but cannot find a field to enter the information. How is age being calculated?
- When HMDA Applies is selected, how is the Universal Loan Identifier (ULI) created?
- How do the selections made on the Loan Definition page affect Loan Purpose in the HMDA section?
- What is the purpose of Dwelling within 2 Years within collateral details for Raw Land-Real Estate?
- Is Raw Land-Real Estate reportable for HMDA?
- When HMDA Applies is selected, how are Construction Method, Manufactured Home Land Property Interest, and Manufactured Home Secured Property Type defaulted for Single Family, 2-4 Family Dwelling, Mobile Home (Personal Property/Residence) and Raw Land collateral types?
- When HMDA Applies is selected, where do I enter Construction Method, Manufactured Home Land Property Interest, and Manufactured Home Secured Property Type for Condo, Non-Residential Real Estate, and PUD collateral types?
- What Debt to Income (DTI) ratio is used for HMDA reporting?
- When is the DTI not applicable for HMDA reporting?
- What selections made on the Loan Definition page or Calculations page affect System in the Underwriting Information section?
- When HMDA Applies is selected, how does the selection of Loan Decision in the menu affect Action Taken within the Origination/Disposition area on the Calculations page?
- When HMDA Applies is selected, how does the Action Taken selected affect the Action Taken Date within the Origination/Disposition area on the Calculations page?
- Is there a scenario where NA is reported for Origination Charges when Action Taken is 6 = Purchased loan?
- When HMDA Applies is selected, how do the reasons selected in Document Data for the Notice Of Action Taken affect the Reasons for Denial in the Origination/Disposition area on the Calculations page?
- If I am not licensed for the HMDA Wiz interface, after I have selected Create LAR Record, where is my file placed?
- What is the purpose of HMDA Processing?
- Is there a maximum number of HMDA transactions that may be selected on the HMDA Processing page?
- Why am I unable to select my transaction on the HMDA Processing page?
- How do I navigate back to the HMDA Processing Home page when I am done making changes to my HMDA transaction when I am in ComplianceOne?
- How do I navigate back to the HMDA Processing Home page when I am done making changes to my HMDA transaction when I am in Vanceo?
- How do I know that a transaction has been successfully inserted/updated in my HMDA Wiz File when working with transactions on the HMDA Processing page?
- How do I know that a transaction has been successfully included in a pipe delimited text file when working with transactions on the HMDA Processing page?