HMDA Resource Center | Wolters Kluwer
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HMDA Resource Center

  • Welcome to the HMDA Resource Center

    The CFPB issued new instructions for financial institutions required to file the Home Mortgage Disclosure Act (HMDA) data. We created this Resource Center to help the industry understand, implement, and comply with the greatly expanded reporting requirements for covered banks, credit unions and mortgage lenders.

    How We Help: From Consulting Services and Technology Solutions, to Lobby Posters

    From ensuring accurate data is captured and submitted, to developing processes and procedures and training staff, to conducting analysis on an expanded data set, Wolters Kluwer is here to help.

    Regulatory Developments: Key Updates on the HMDA Rule

    With the final rule in place, the CFPB continues to offer additional guidance. Here is our take on some of the more significant developments.

    Implementation Guidance

    The expansion to HMDA is one of the most significant regulatory changes in 35 years. Institutions must prepare in the short term for the data expansion, and in the long-term for the impact of a significantly expanded data set. Here are some implementation considerations.

    Expert Commentary

    The expanded HMDA regulations will have a broad impact across the institution, including systems, operations, multiple lines of business, all 3 lines of defense, and identification and assessment of evolving risks. Experts from Wolters Kluwer share their ideas on how to manage the impact.

    Frequently Asked Questions (FAQs)

    We are all in this together. Here are answers to some of the questions we have been hearing.