Thread Options
#1686694 - 04/06/12 07:40 PM HMDA Verification E-mails - NOW?
Skittles Offline
10K Club
Skittles
Joined: Sep 2002
Posts: 13,963
TN
I got an additional HMDA verification e-mail concerning the low income of a borrower. I am to respond by Monday. I also have a friend that got one and she's a consultant and didn't file a LAR. Does anyone know if these are legit?

thanks!
_________________________
My Opinions Only

Return to Top
HMDA

   
HMDA Academy
#1686697 - 04/06/12 07:44 PM Re: HMDA Verification E-mails - NOW? Skittles
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,621
Bloomington, IN
Verification email???
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#1686720 - 04/06/12 08:28 PM Re: HMDA Verification E-mails - NOW? Skittles
Skittles Offline
10K Club
Skittles
Joined: Sep 2002
Posts: 13,963
TN
Here's what it says:


MACRO Edit Q024 - HMDA LAR Income Amount Verification

Please note, macro quality edits are not necessarily errors. The purpose of macro edits is to discover data which could skew the institution's disclosure report and the MSA/MD aggregate reports.

Q024: Income is numeric and less than or equal to $9 thousand; Verify

Please verify the income amount(s):

Loan Number: Income Amount (in thousands):
(Embedded image moved to file: pic19912.gif)(Embedded image moved to file:
pic25667.gif)
_________________________
My Opinions Only

Return to Top
#1686803 - 04/09/12 02:15 AM Re: HMDA Verification E-mails - NOW? Skittles
Truffle Royale Offline

10K Club
Joined: Jul 2003
Posts: 17,324
I got one asking for reverification of the income Q edits I had too. I'd already done that when I submitted so I just wrote the response and sent it back. nbd

Return to Top
#1687540 - 04/10/12 07:04 PM Re: HMDA Verification E-mails - NOW? Skittles
Deena Offline
Power Poster
Deena
Joined: Nov 2000
Posts: 2,701
PA
I had one also and just sent an e-mail with the reason our coding was correct. I got a "thank you" from HMDA Help.
_________________________
Opinions expressed are mine and not necessarily those of my employer.

Return to Top
#1687719 - 04/11/12 11:55 AM Re: HMDA Verification E-mails - NOW? Skittles
Skittles Offline
10K Club
Skittles
Joined: Sep 2002
Posts: 13,963
TN
Me, too. It was just so odd to see that I questioned on whether or not it was spam. You just can't trust everybody these days.
_________________________
My Opinions Only

Return to Top
#1687974 - 04/11/12 06:36 PM Re: HMDA Verification E-mails - NOW? Skittles
RR Becca Offline
Power Poster
RR Becca
Joined: Sep 2004
Posts: 5,245
out of the frying pan...
I just got it, too!

Holy cow. What's the point of the edit report responses if they're going to send out these "are you REALLY sure about that?" emails later?

ETA: and my "respond by" date is TODAY with complete resubmission due by tomorrow if not correct. crazy
Last edited by RR Becca; 04/11/12 06:38 PM.
_________________________
You call it ADD. I call it multi-tasking.

Return to Top
#1687993 - 04/11/12 07:01 PM Re: HMDA Verification E-mails - NOW? Skittles
#12 Offline
Diamond Poster
Joined: Jun 2005
Posts: 1,338
Exactly how the one I received today was! Good thing I wasn't out of the office today!
Last edited by #12; 04/11/12 07:01 PM.
_________________________
CRCM

Return to Top
#1687998 - 04/11/12 07:05 PM Re: HMDA Verification E-mails - NOW? Skittles
raitchjay Online
Power Poster
Joined: Oct 2009
Posts: 8,664
OK
I got one a week or so ago as well.
_________________________
I'm fixin' to fix that.

Return to Top
#1688001 - 04/11/12 07:09 PM Re: HMDA Verification E-mails - NOW? Skittles
manimal Offline
Diamond Poster
manimal
Joined: Feb 2008
Posts: 2,207
Deleted
Jeez, now I'm sort of nervous that I HAVEN'T gotten one... eek
_________________________
We're all here 'cause we've lost control.

Innerpartysystem

Return to Top
#1688431 - 04/12/12 08:14 PM Re: HMDA Verification E-mails - NOW? Skittles
PATSGirl74 Offline
Junior Member
PATSGirl74
Joined: Aug 2009
Posts: 43
Massachusetts
I got one as well - obv my thoughts were the same as yours. What is the point of the edit report to begin with. Of course I check the thing before i send it ..... I check it & check it & check it some more. I am wondering if some people did have to resubmit and if so would that cause then a penalty? It is a Q edit after all - gheesh
_________________________
In my neck of the woods we have four distinct seasons...Winter,Spring,Summer and FOOTBALL

Return to Top
#1688450 - 04/12/12 08:42 PM Re: HMDA Verification E-mails - NOW? Skittles
Bluesfan57 Offline
100 Club
Joined: Feb 2011
Posts: 155
Peak 10 Breck, CO
got ours about a week ago, and it wasnt even about all the edits. it was only the two low income amounts less than 10.000 asking that we confirm.

as if we havent checked and checked and for checking's sake checked again

Return to Top

Moderator:  SMQ, CRCM