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Scrubbing and Submitting 2016 HMD Data A web based seminar Monday, January 9, 2017 2:30 pm 4:30 pm Recommended for 2.5 CE Credits Program Content: WHAT? While the world of the Home Mortgage Disclosure
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What is scrubbing and submitting hmda?
Scrubbing and submitting HMDA involves cleaning and validating data before submitting it to the authorities for compliance with the Home Mortgage Disclosure Act.
Who is required to file scrubbing and submitting hmda?
Financial institutions such as banks, credit unions, and mortgage companies are required to file scrubbing and submitting HMDA.
How to fill out scrubbing and submitting hmda?
To fill out scrubbing and submitting HMDA, institutions need to collect and report specific information about their mortgage lending activities.
What is the purpose of scrubbing and submitting hmda?
The purpose of scrubbing and submitting HMDA is to promote transparency and help identify potential discriminatory lending practices.
What information must be reported on scrubbing and submitting hmda?
Information such as loan amount, borrower's race, ethnicity, and income must be reported on scrubbing and submitting HMDA.
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