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#1788005 - 02/21/13 04:49 PM
Re: Who has submitted?
SMQ, CRCM
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Joined: Oct 2009
Posts: 9,232
OK
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#1788218 - 02/21/13 10:39 PM
Re: Who has submitted?
SMQ, CRCM
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Joined: Apr 2001
Posts: 4,828
Between the lines
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We finished reviewing, testing, etc. earlier this week and submitted about 10 minutes ago.
I will be out for a few days next week and just did not want to wait till Thursday. Just my luck, the lines would be down or some such IT blip. Not worth the risk.
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#1788294 - 02/22/13 01:13 PM
Re: Who has submitted?
SMQ, CRCM
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10K Club
Joined: Sep 2002
Posts: 13,965
TN
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I hope to be finishing up my reviewing today and submit next Monday or Tuesday. Like SMQ - I don't want to wait until the last minute.
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#1789010 - 02/25/13 09:33 PM
Re: Who has submitted?
SMQ, CRCM
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Diamond Poster
Joined: Sep 2011
Posts: 1,651
A CU, Where Regs Don't Apply
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Submitted today, finally. Been sweating over this since Feb. 1st. 2013 will hopefully contain an overhaul of the way things are reported here, if I have to go through this again...well, let's just say that not everyone will survive it! Now to start on the edit report.
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#1789015 - 02/25/13 09:44 PM
Re: Who has submitted?
SMQ, CRCM
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10K Club
Joined: Sep 2002
Posts: 13,965
TN
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I'm in the same boat, Matt.
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#1789022 - 02/25/13 10:00 PM
Re: Who has submitted?
SMQ, CRCM
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Diamond Poster
Joined: Sep 2011
Posts: 1,651
A CU, Where Regs Don't Apply
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362 in the 2010 file 478 in 2011 671 in 2012 Getting to be too many to have this much manual involvement! I was in every single file doing one thing or another. On the bright side, I feel pretty decent about the level of accuracy! Just not so great about my level of sanity.
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#1789032 - 02/25/13 10:10 PM
Re: Who has submitted?
SMQ, CRCM
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10K Club
Joined: Sep 2002
Posts: 13,965
TN
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Wow - we're only at 404 for 2012 and I'm involved in every one also - and am basically the only one here who knows the ins and outs of HMDA. Hmmmm - what would happen if I won the lottery this week?
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#1789039 - 02/25/13 10:24 PM
Re: Who has submitted?
SMQ, CRCM
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Diamond Poster
Joined: Sep 2011
Posts: 1,651
A CU, Where Regs Don't Apply
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Same story here, except I'd question how many ins and outs I know! You'd mail them a card from a beach or the mountains with a note saying "good luck suckers!". Same thing I'd do.
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#1789052 - 02/25/13 10:46 PM
Re: Who has submitted?
Matt_B
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Power Poster
Joined: May 2002
Posts: 6,259
NW IL
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362 in the 2010 file 478 in 2011 671 in 2012 Getting to be too many to have this much manual involvement! I was in every single file doing one thing or another. On the bright side, I feel pretty decent about the level of accuracy! Just not so great about my level of sanity. Wow! Great job. We were over 1600 this year. When we hit 1000 we started using CRA Wiz. We would have been done last week mother nature complied. It feels good to be at this point.
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#1789054 - 02/25/13 10:55 PM
Re: Who has submitted?
SMQ, CRCM
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Diamond Poster
Joined: Sep 2011
Posts: 1,651
A CU, Where Regs Don't Apply
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Thankfully, we don't have to worry about that silly CRA stuff. If I had 1600 to do...well, yeah, I'd quit!
New error for me this year, we approve too many of our purchase loans! Oops. Can I just note "Desperate for volume, we were throwing money at people all year"?
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#1789099 - 02/26/13 02:36 AM
Re: Who has submitted?
SMQ, CRCM
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Power Poster
Joined: Apr 2001
Posts: 4,828
Between the lines
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We submitted on Thursday, got the reply in about an hour, and the edit reports on Friday! That's fast. Sent the edit response back this morning, got the "we got it" email and the confirmation that we are finished all before lunch. I have never seen the Fed so efficient on this.
Oh, and all correspondence was email both ways!
Do I dare hope that we get reports before September?
493 LARS for us and my asst and I touch every file and double check every line item. So worth it when it comes to data integrity. She even did most of the transmitting this year. OK, I can officially win the lottery and leave without looking back!!!
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#1789104 - 02/26/13 03:51 AM
Re: Who has submitted?
SMQ, CRCM
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10K Club
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
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Still waiting on our edit report and we filed last Might be calling tomorrow. 1451 lines this year... Finally on the right swing upwards again!
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#1789159 - 02/26/13 02:40 PM
Re: Who has submitted?
SMQ, CRCM
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Diamond Poster
Joined: Jun 2005
Posts: 1,343
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6,517 lines on my LAR. I also am the only one who deals with HMDA, and I touch every file. Having the files imaged has been wonderful, and made my life so much easier! Pivot tables are nice, but like Kathleen said, garbage in, garbage out!
Just Jay, I'd call...I submitted last Tuesday, had my edit report same day, and confirmation of completion within a day of sending my edit reports back.
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#1789164 - 02/26/13 02:48 PM
Re: Who has submitted?
Kathleen O. Blanchard
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Joined: May 2002
Posts: 6,259
NW IL
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CRA Wiz can only point out anomalies. It cannot know that a loan reported as a purchase is really a refi, or that the income is incorrect, etc. Garbage in to any system, garbage out. Absolutely agree! But CRA Wiz is like my security blanket. Our data integrity review last year found nothing wrong on either HMDA or CRA. So most of you had your edits within a day?
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#1789176 - 02/26/13 02:59 PM
Re: Who has submitted?
SMQ, CRCM
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10K Club
Joined: Sep 2002
Posts: 13,965
TN
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My edits were back to me in less than an hour. Remember, though, we only had 404 lines.
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#1789177 - 02/26/13 03:00 PM
Re: Who has submitted?
QCL
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Joined: Dec 2000
Posts: 21,293
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CRA Wiz can only point out anomalies. It cannot know that a loan reported as a purchase is really a refi, or that the income is incorrect, etc. Garbage in to any system, garbage out. Absolutely agree! But CRA Wiz is like my security blanket. Our data integrity review last year found nothing wrong on either HMDA or CRA. So most of you had your edits within a day? I mentioned this because I have had banks say "residential is fine, we use Wiz, just scrub commercial and consumer". Lo and behold, the files did not agree with what was in Wiz, loans misclassified, guess what has to be scrubbed?
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#1789179 - 02/26/13 03:00 PM
Re: Who has submitted?
#12
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Joined: Oct 2006
Posts: 14,390
Cheeseheadland
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Just Jay, I'd call...I submitted last Tuesday, had my edit report same day, and confirmation of completion within a day of sending my edit reports back. Had a lightbulb go off as I was writing an email to them, and had IT check the filters. We had it back the same afternoon last week already! In the process of completing now!
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#1789182 - 02/26/13 03:07 PM
Re: Who has submitted?
SMQ, CRCM
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Diamond Poster
Joined: Sep 2011
Posts: 1,651
A CU, Where Regs Don't Apply
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I had my edit back within 15 minutes of submission I think, very quick but similar to what I experienced last year.
And yeah Truff, Q006 is the error, apparently more than 95% of our purchase applications were approved and closed. Still less than a third of our business for the year, but it warrants double checking I'm sure.
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