CFPB Publishes Information Regarding Beta Launch HMDA Platform

The FFIEC and HUD have published the following resources for financial institutions required to file Home Mortgage Disclosure Act (HMDA) data:

Announcement

Updated November 2017:

The Bureau launched the beta version of the HMDA Platform.

A new short video introducing the HMDA Platform is now available on CFPB’s YouTube channel.

HMDA Platform

The beta version of the HMDA Platform allows financial institutions to upload sample HMDA files and perform validation on the data; review edits; confirm the test data submission; and conclude the test HMDA filing process.

Technology Preview

The Technology Preview provides resources for financial institutions preparing their systems to file HMDA data with the CFPB.

Filing Instructions Guide

Separate Filing Instructions Guides (FIG) are now available for data collected in 2017 and 2018.

For data collected in 2017

For data collected in or after 2018

For data collected in or before 2016, please visit the FFIEC website  for data submission resources.

Loan/Application Register (LAR) Formatting Tool

The LAR Formatting Tool is intended to help financial institutions, typically those with small volumes of covered loans and applications, to create an electronic file that can be submitted to the HMDA Platform.

File Format Verification Tool (FFVT)

The File Format Verification Tool is provided for filers who wish to confirm that a LAR file is formatted in the required pipe delimited text file format, and meets certain formatting requirements specified in the Filing Instructions Guide. Section 3 of the HMDA Tools Instructions guide provides further information on using the FFVT.

HMDA Loan Scenarios

The HMDA Loan Scenarios is provided as an illustrative aid to help HMDA filers prepare their loan/application register.

Frequently Asked Questions (FAQs)

Do you have additional questions? Please check out the FAQs.

Questions?

For technical questions about reporting HMDA data collected in or after 2017 use this form or email hmdahelp@cfpb.gov.

source :https://www.consumerfinance.gov/data-research/hmda/for-filers

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