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HMDA LAR Reporting Services

Your Guide to Simple and Accurate HMDA Compliance Reporting

Credit Plus HMDA LAR Reporting Services

Credit Plus has services to make your HMDA LAR annual reporting simple, accurate, and stress-free. Whether you need us to complete all data and filing or prefer to use our technology so you can submit reporting yourself, Credit Plus has the tools to ensure accuracy and meet requirements.

Validate the Data

Validate the Data

Side by side LOS data comparisons to document details in one view.

Identify incorrect information

Identify incorrect information

Flag defects to quickly identify incorrect loan file attributes and developing trends that cause data integrity risks.

Pinpoint opportunities for improvement

Pinpoint opportunities for improvement

Obtain discrepancy reports with one click. Determine areas for improvement within your process flow and influence more consistent reporting.

File reports easily

File reports easily

Clear, comprehensive and compliant reporting using a single application.

New HMDA LAR Rules in Effect

The CFPB’s new HMDA Loan Application Registry (LAR) rules are in effect.

  • Annual submissions for all financial institutions regulated by the rule are due by March 1 of the calendar year following the calendar year in which data was collected.
  • The rules require quarterly submissions for financial institutions who reported at least 60,000 LAR entries (excluding purchases) in the preceding calendar year.
  • Financial institutions that close 200 open-ended lines of credit per year must collect and report data.

 

Read the new rules

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