Brace Yourself for New HMDA (or Else)
Here's a warning that emerged from the most recent Ellie Mae conference on the serious consequences of sloppy HMDA reporting: “A regulator will not just see it as data inaccuracy — they will see it as incompetent management and inadequate control. That is how they will see you and your company, and if they come in and find bad data, they can and have issued an order to do a three-year scrub and re-file on all your HMDA data, to go back and get it right." [3/10/17]


