It’s likely you have heard by now, that the CFPB has finally reversed its 2020 decision to temporarily allow certain lenders to forgo quarterly reporting for HMDA. This announcement comes one year after the CFPB initially offered the flexibility in response to the burgeoning concerns and unknowns at the onset of the pandemic. All reporting financial institutions (FIs) will be…
In just two weeks’ time, LoanLogics will join the industry in at one of the first virtual conferences of the year. With four shows packed into one, it will surely be one of the largest. The schedule is jam-packed too with content that supports the entire mortgage life cycle. Like the agenda, LoanLogics offers solutions that support the retail, correspondent,…
For much of the country, this time of year brings warmer weather, new buds beginning to emerge from the trees and ground, as well as a number of religious celebrations. It is also when many people take some time off from their daily responsibilities of work, school and other personal and professional commitments for a bit of a “Spring Break.”…
Like most of the mortgage industry last year, LoanLogics was a flutter in activity helping lenders manage the tremendous tidal wave of doc processing that rushed in. This volume spilled into every facet of the loan life cycle from loan production through sale in the secondary market. LoanLogics’ ability to keep pace during times like these is due largely to…
Through the years and across the world March 17th, St. Patrick’s Day, has become synonymous with all things Irish rather than solely a celebration of Saint Patrick, the principal patron saint of Ireland. While I’m only part Irish, I like many around the world, become “a lot” Irish and take part in the some of the holiday’s countless festive traditions…
When it comes to HMDA files reviews, leveraging rules-based, data-driven digital technology can ease the burden of HMDA reporting by helping lenders shift from a largely cumbersome to a highly automated process. Automation helps replace manual processes in three specific areas related to HMDA reporting, which we will cover in detail in this post: Data validation, an existence check on…
