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#1789546 - 02/27/13 02:43 PM
Re: Who has submitted?
SMQ, CRCM
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100 Club
Joined: Feb 2011
Posts: 155
Peak 10 Breck, CO
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Were on the board!!
submitted the first 48 loan LAR...
up next 650 and 2600 loan LAR!
the email edit/check submission process is so nice
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#1790686 - 03/01/13 07:11 PM
Re: Who has submitted?
Matt_B
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Diamond Poster
Joined: Sep 2011
Posts: 1,648
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. Preliminary investigation shows we might have as many as 75 loans that didn't close which were moved to a "prospects" folder in the origination software that the HMDA report does not pull data from. Apparently loan officers thought "Well, maybe I can try again in a few months, and just use the same file!". Our two worst MLO's have left in the last month, I'm seeing their names on lots of files. And I have until Monday to resubmit! I'm going to guess I'll be here tomorrow/Sunday again. Bleh.
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#1790690 - 03/01/13 07:18 PM
Re: Who has submitted?
SMQ, CRCM
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Diamond Poster
Joined: May 2011
Posts: 1,987
Idaho
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Submitted yesterday and didn't hear anything back, so we reviewed our submission and appartently we had the wrong file extension, so we re-filed this morning and still haven't heard anything. Not even an acknowlgdement of receipt. How long should I wait until I get nervous?
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All opinions are my own, not my employer's
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#1790708 - 03/01/13 07:38 PM
Re: Who has submitted?
SMQ, CRCM
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Diamond Poster
Joined: May 2011
Posts: 1,987
Idaho
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I've checked both of those. Does the response come from hmdasub@frb.gov?
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All opinions are my own, not my employer's
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#1790724 - 03/01/13 07:53 PM
Re: Who has submitted?
SMQ, CRCM
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10K Club
Joined: Sep 2002
Posts: 13,965
TN
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hmdahelp@frb.gov
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#1790733 - 03/01/13 08:03 PM
Re: Who has submitted?
SMQ, CRCM
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10K Club
Joined: Sep 2002
Posts: 13,965
TN
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FDIC here
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My Opinions Only
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#1790767 - 03/01/13 08:42 PM
Re: Who has submitted?
SMQ, CRCM
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Diamond Poster
Joined: May 2011
Posts: 1,987
Idaho
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Found it. Our IT department blocked our compliance email from receiving emails originated outside the bank. I will stop pulling my hair out now...
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All opinions are my own, not my employer's
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#1790923 - 03/02/13 09:43 PM
Re: Who has submitted?
SMQ, CRCM
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Diamond Poster
Joined: Sep 2011
Posts: 1,648
A CU, Where Regs Don't Apply
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Resubmitted, got a better edit report this time around, was able to respond to everything and get it sent back within about a half hour of resubmission. I think I can forget about HMDA now, until Monday morning at least. Relieved!
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#1790962 - 03/04/13 02:07 PM
Re: Who has submitted?
SMQ, CRCM
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Member
Joined: Oct 2010
Posts: 94
SC
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We added two MSA's in 2012. Faxed in the corrected Q595 and received an updated Institution Register Summary. However, we did not receive a new Q595 report. Should we receive a new Q595, do we have to resubmit to get it, or can we just fax back in the new IRS with a note that we added two new MSA's and acknowledge which ones they are?
If that didnt make sense, I'm sorry. I'll try to explain it better if need be...
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#1791164 - 03/04/13 08:15 PM
Re: Who has submitted?
SMQ, CRCM
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Member
Joined: Oct 2010
Posts: 94
SC
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More hours of research, and the answer was found in the 12/2010 CRA/HMDA Reporter. In case anyone else has this same issue, here you go:
Return the completed Q595 report to HMDA Operations processing staff without the completed/signed Confirmation Sheet. Then: 1. The MSA/MDs circled YES will be added to the depository institution’s panel and a new Confirmation Sheet and revised IRS report will be generated and e-mailed to the institution; 2. The institution will review the IRS report making sure that all MSAs are listed for their home/branch offices; and 3. Once the institution confirms the IRS report is accurate, the completed Confirmation Sheet may be returned to the HMDA Operations staff who will track the institution as “Complete.”
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#1791458 - 03/05/13 05:18 PM
Re: Who has submitted?
SMQ, CRCM
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New Poster
Joined: Jan 2013
Posts: 17
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For a resubmission via email, in the subject heading it would be: Complete resubmission 2012 HMDA LAR. In the body of the email, is this where we would explain why we had to resubmit, along with the banks identification?
Last edited by Cardinal12; 03/05/13 05:22 PM.
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#1792110 - 03/06/13 08:57 PM
Re: Who has submitted?
SMQ, CRCM
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Platinum Poster
Joined: Jul 2007
Posts: 571
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yep, the one button is the ONLY way to go!
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#1792341 - 03/07/13 04:26 PM
Re: Who has submitted?
SMQ, CRCM
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Diamond Poster
Joined: Sep 2011
Posts: 1,648
A CU, Where Regs Don't Apply
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I faxed in mine on Saturday, late afternoon, just got my confirmation this morning. Wish I had emailed!
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#1792348 - 03/07/13 04:36 PM
Re: Who has submitted?
SMQ, CRCM
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Diamond Poster
Joined: Jul 2010
Posts: 1,115
The Great White North
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Does anyone else have a hard time getting the spreadsheet uploaded into the HMDA software? We convert it to a csv then to a txt then edit it in DOS then other things and finally get it into the software. It is always such a mess every year, while we end up getting it done, there has to be an easier way. We submit via internet email.
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