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#1663739 - 02/10/12 09:05 PM HMDA LAR and Rate Spread
Lilly1234 Offline
Member
Joined: Dec 2010
Posts: 50
When loading loan data into the LAR, does anyone else have trouble with the Rate Spread loading incorrectly?

For some reason, when we load the data into the LAR, someone has to go through and re-calcuate the Rate Spread becuase they don't load correctly.

I was curious if this was a normal practice or if our process needs updating?

Thank you in advance for your thoughts!

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#1663756 - 02/10/12 09:28 PM Re: HMDA LAR and Rate Spread Lilly1234
raitchjay Offline
Power Poster
Joined: Oct 2009
Posts: 9,110
OK
Are you using the HMDA DES from FFIEC and uploading information from your LOS through a .dat file? I'm wondering if the problem might be with your LOS and not your DES.
_________________________
I'm fixin' to fix that.

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#1663877 - 02/11/12 06:31 PM Re: HMDA LAR and Rate Spread Lilly1234
Truffle Royale Offline

10K Club
Joined: Jul 2003
Posts: 17,400
Beyond that, why recalculate?
If you print out the LAR from your LOS it has the ones that have numbers on it, right?
So do a global edit in FFIEC to NA them all and then go back in and just change the ones that should have numbers to match your LAR.

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#1665903 - 02/15/12 09:59 PM Re: HMDA LAR and Rate Spread Lilly1234
COMPL1ANCE4LIFE Offline
New Poster
Joined: Jan 2006
Posts: 8
QuestSoft's HMDA RELIEF does the Rate spread calculation upon import. Big time saver for me!

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