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#2205762 - 02/12/19 02:30 PM Unintentional Application (duplicate) - report?
Compli(cated) Offline
100 Club
Joined: Mar 2011
Posts: 185
Wisconsin
We went to a new lending software mid-year and now have a couple of duplicate applications in the system that were input by the LO due to not understanding how the system works. I.e. there are applications that were generated by a customer asking for credit and then handled accordingly and then there are duplicates of the same exact applications, but the customer only applied once. Can we disregard the duplicates for HMDA reporting?
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#2205768 - 02/12/19 02:47 PM Re: Unintentional Application (duplicate) - report? Compli(cated)
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,893
Galveston, TX
Sounds like purely a recordkeeping issue. What disposition would you report on these duplicates?
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#2205771 - 02/12/19 02:52 PM Re: Unintentional Application (duplicate) - report? Compli(cated)
Compli(cated) Offline
100 Club
Joined: Mar 2011
Posts: 185
Wisconsin
That's the problem, no clue what they would fall under (otherwise we would just report them and be done) - none of them really fit.
_________________________
Opinions are my own.
"I was gratified to be able to answer promptly. I said I don't know." - Mark Twain

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#2205773 - 02/12/19 02:57 PM Re: Unintentional Application (duplicate) - report? Compli(cated)
Bville Offline
Diamond Poster
Bville
Joined: May 2001
Posts: 1,282
Out West
We would just delete the duplicate from the software. It's not an application, as stated above it's a recordkeeping issue.

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#2205775 - 02/12/19 03:02 PM Re: Unintentional Application (duplicate) - report? Compli(cated)
Inherent_Risk Offline
Gold Star
Joined: Jan 2017
Posts: 395
Just make sure you have the application date correct if the application got entered into the correct system at a later date.

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#2205780 - 02/12/19 03:15 PM Re: Unintentional Application (duplicate) - report? Compli(cated)
Compli(cated) Offline
100 Club
Joined: Mar 2011
Posts: 185
Wisconsin
thanks everyone!
_________________________
Opinions are my own.
"I was gratified to be able to answer promptly. I said I don't know." - Mark Twain

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