HMDA 2018 IMPLEMENTATION PLANNING. HMDA Process Inventory

Transcription

1 Affected Products Application Methods (Face to face (online, paper), Mail, Online, Telephone, Fax HMDA Process Inventory Demographic Data Gathering Methods LAR Software Used or Manual LAR Preparation Responsible Department/Person 1 Record Identifier same for all 2 Legal Entity Identifier (LEI) same for all 3 Universal Loan Identifier (ULI) 4 Application date 5 Loan type 6 Loan purpose Page 1 of 8 The HMDA Academy Key Compliance Services, LLC April 2016

2 7 Preapproval 8 Construction method 9 Occupancy type 10 Loan amount 11 Action taken 12 Action taken date 13 Street address 14 City 15 State 16 Zip Code 17 Property county 18 Census tract and and 30 Ethnicity of Applicant or or Co- : 1-5 Ethnicity of Applicant or : Conditional Free Form Text Field for Code 14 Page 2 of 8 The HMDA Academy Key Compliance Services, LLC April 2016

3 and and Ethnicity of Applicant or Collected on the Basis of Visual Observation or Surname Race 1 5 of Applicant or or Coapplicant or Co- Race of Applicant or or Co- Conditional Free Form Text Field for Code 1 Page 3 of 8 The HMDA Academy Key Compliance Services, LLC April 2016

4 49-50 Race of Applicant or or Co- Collected on the Basis of Visual Observation or Surname 50 Race of Co-Applicant or Co- Collected on the Basis of Visual Observation or Surname Sex of Applicant or or Co- Page 4 of 8 The HMDA Academy Key Compliance Services, LLC April 2016

5 Sex of Applicant or Collected on the Basis of Visual Observation or Surname Age of Applicant or or Co- 57 Income 58 Type of purchaser 59 Rate spread 60 HOEPA status 61 Lien status & 66 Credit score of Applicant or or Co- Name and Version of Credit Scoring Model for applicant or borrower or Coapplicant or Co- Page 5 of 8 The HMDA Academy Key Compliance Services, LLC April 2016

6 65 & 67 Name and Version of Credit Scoring Model for applicant or borrower or Co- Conditional Free Form Text Field for Code 8 above 68- Reason for Denial Reason for Denial Conditional Free Form Text Field for Code 9 73 Total loan costs 74 Total points and fees 75 Origination charges ( Paid) 76 Discount points 77 Lender credits 78 Interest rate 79 Prepayment penalty term Page 6 of 8 The HMDA Academy Key Compliance Services, LLC April 2016

7 80 Debt-to-income ratio 81 Combined Loan to Value Ratio 82 Loan Term 83 Introductory Rate Period 84 Balloon Payment 85 Interest Only Payments 86 Negative Amortization 87 Other Non-Amortizing Features 88 Property Value 89 Manufactured Home Secured Property Type 90 Manufactured Home Land Property Interest 91 Total Units 92 Multi-family Affordable Units 93 Application Channel: Submission of Application 94 Initially Payable to Your Institution HMDA 2018 IMPLEMENTATION PLANNING Page 7 of 8 The HMDA Academy Key Compliance Services, LLC April 2016

8 95 Mortgage Loan Originator NMLSR Identifier Automated Underwriting System Automated Underwriting System: Conditional Free Form Test Field for Code Automated Underwriting System Result Automated Underwriting System Result Conditional Free Form Text Field for Code Reverse Mortgage 109 Open End Line of Credit 110 Business or Commercial Purpose Page 8 of 8 The HMDA Academy Key Compliance Services, LLC April 2016