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#315566 - 02/11/05 07:50 PM HMDA - More than one race, did you have many?
RFitzpatrick Offline
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RFitzpatrick
Joined: Apr 2002
Posts: 424
Pacific NW
Just curious if those of you scrubbing your data noticed many applicants who chose more than one race this year for HMDA?

I had 1 out of about 500. I'm not sure if that's good or bad.
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#315567 - 02/11/05 07:58 PM Re: HMDA - More than one race, did you have many?
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,958
Bloomington, IN
We had none.
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#315568 - 02/11/05 08:08 PM Re: HMDA - More than one race, did you have many?
hmdagal Offline
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hmdagal
Joined: Dec 2002
Posts: 3,819
We have a few.

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#315569 - 02/11/05 08:09 PM Re: HMDA - More than one race, did you have many?
Sinatra Fan Offline
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Sinatra Fan
Joined: Jul 2002
Posts: 5,568
New Jersey
We had none.
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#315570 - 02/11/05 08:15 PM Re: HMDA - More than one race, did you have many?
someone else Offline
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someone else
Joined: Aug 2004
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back to my roots
We had none because our origination system won't allow more than one racial designation entry.
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#315571 - 02/11/05 10:07 PM Re: HMDA - More than one race, did you have many?
Tillie Offline
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Tillie
Joined: Apr 2003
Posts: 266
We had an even dozen out of almost 1200 entries.

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#315572 - 02/11/05 10:29 PM Re: HMDA - More than one race, did you have many?
Don_Narup Offline

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Joined: Jul 2001
Posts: 3,708
Las Vegas Nevada
Quote:

We had none because our origination system won't allow more than one racial designation entry.




Oops that may be a problem you want to correct very soon
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#315573 - 02/11/05 10:32 PM Re: HMDA - More than one race, did you have many?
CRAatBOK Offline

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Joined: Mar 2004
Posts: 6,172
Further South than I wanna be.
S E, I agree with Don. If your applications aren't in compliance it could be big trouble. If the applications are correct but your software won't let you enter additional races, then you will have to keep track of them and manually add them to your LAR. Hopefully you are like the rest of us and had so few it wouldn't be an issue.
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#315574 - 02/11/05 10:52 PM Re: HMDA - More than one race, did you have many?
Lestie G Offline

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Joined: May 2002
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Near the Land of Enchantment
I'm glad to hear y'all didn't see many of these - I was a little worried when I saw our extremely low number.
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#315575 - 02/12/05 12:16 AM Re: HMDA - More than one race, did you have many?
someone else Offline
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someone else
Joined: Aug 2004
Posts: 3,300
back to my roots
Quote:

Quote:

We had none because our origination system won't allow more than one racial designation entry.




Oops that may be a problem you want to correct very soon




Try telling that to our vendor. For some reason they think this is perfectly acceptable. I have been fighting with them for MONTHS about this (and several other HMDA related issues) but so far they have not budged. I have gone through all the proper management channels but haven't seen any results. I want to get a new vendor but it looks like it will be a cold day in hell...

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#315576 - 02/12/05 01:59 AM Re: HMDA - More than one race, did you have many?
CRAatBOK Offline

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Joined: Mar 2004
Posts: 6,172
Further South than I wanna be.
Meanwhile, back at the ranch, Someone Else is manually going through all of the applications for the year an checking to see if anyone marked more than one race. Or she is taking her chance that there aren't any.
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#315577 - 02/12/05 02:02 AM Re: HMDA - More than one race, did you have many?
Sisyphus Offline
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Sisyphus
Joined: Jun 2004
Posts: 214
Connecticut
We noticed 1 out of 1,200 reviewed in one department. Not sure about the rest.
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#315578 - 02/14/05 02:26 AM Re: HMDA - More than one race, did you have many?
Anonymous
Unregistered

As I visually scanned the 2004 LAR for possible errors. I pulled about five actual applications( files) (out of 300) that looked "weird". We see written applications where the applicant(s) will only complete selected GMI fields. The application phase closes and we never meet the applicant in person or talk to them until we call to say the loan is approved. So our LAR will indicate that some of the information is complete, but some was "not provided in mail, telephone, Internet application". For example, of the 5 that stand out on the LAR one reads "Ethnicity"- not provided in mail, telephone", etc. etc.), race-white, sex-male. Or they might read "Not Hispanic", race "Not provided in mail, telephone,etc. etc.) and sex-male and sex-female.
I'm not sure if the applicants are trying to be funny or are legitimately missing the fields. But my lenders are trained NOT to do a visual at loan closing. It is too late anytime after the application phase closes.
Does anyone else have some weird combinations of data?

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#315579 - 02/14/05 04:00 PM Re: HMDA - More than one race, did you have many?
someone else Offline
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someone else
Joined: Aug 2004
Posts: 3,300
back to my roots
Quote:

Meanwhile, back at the ranch, Someone Else is manually going through all of the applications for the year an checking to see if anyone marked more than one race. Or she is taking her chance that there aren't any.




KC - how did you know?
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#315580 - 02/14/05 05:16 PM Re: HMDA - More than one race, did you have many?
corkygirl Offline
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Joined: Sep 2004
Posts: 4,241
middle of the country
We had none, out of 602 loans.
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#315581 - 02/14/05 06:12 PM Re: HMDA - More than one race, did you have many?
DeeQ Offline
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DeeQ
Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
0 out of 1500+
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#315582 - 02/14/05 07:29 PM Re: HMDA - More than one race, did you have many?
CRAatBOK Offline

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Joined: Mar 2004
Posts: 6,172
Further South than I wanna be.
BTW, we had 0 out of 2,000+ apps.
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#315583 - 02/14/05 09:10 PM Re: HMDA - More than one race, did you have many?
Sinatra Fan Offline
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Sinatra Fan
Joined: Jul 2002
Posts: 5,568
New Jersey
My sense is that applicants are so used to checking only one box for "Race" that they didn't think to check more than one box, and they probably did not read the fine print above advising them of their right to check more than one box.

Just a guess, though.
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#315584 - 02/14/05 11:08 PM Re: HMDA - More than one race, did you have many?
swiggles Offline
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swiggles
Joined: Aug 2001
Posts: 7,333
We had none. However, I did notice that most Hispanics refuse to designate a race. We're not surprised. Is HUD?

Oh wait...I got my regs mixed up. I should've wrote, are the regulators surprised?
Last edited by swiggles; 02/14/05 11:10 PM.
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#315585 - 02/14/05 11:28 PM Re: HMDA - More than one race, did you have many?
Leonard Ryan Offline
Member
Leonard Ryan
Joined: Feb 2003
Posts: 64
Laguna Hills, CA
Quote:

Quote:

Quote:

We had none because our origination system won't allow more than one racial designation entry.




Oops that may be a problem you want to correct very soon




Try telling that to our vendor. For some reason they think this is perfectly acceptable. I have been fighting with them for MONTHS about this (and several other HMDA related issues) but so far they have not budged. I have gone through all the proper management channels but haven't seen any results. I want to get a new vendor but it looks like it will be a cold day in hell...




We worked with over 40 vendors last year to help them understand the HMDA multiple race issues... Let me approach it from my side. Send me a PRIVATE email at len@questsoft.com with the vendor's name. I used to design LOS systems so I can sometimes get through speaking their language. I should have an answer for you in 2-3 days.

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#315586 - 02/15/05 04:04 PM Re: HMDA - More than one race, did you have many?
someone else Offline
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someone else
Joined: Aug 2004
Posts: 3,300
back to my roots
Leonard - thank you for the offer but I do not think your efforts will be too effective. This particular vendor is linked to a large secondary market purchaser. They take their cues from the purchaser and NO ONE else. I have learned that the hard way. Thanks though!
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#315587 - 02/15/05 08:11 PM Re: HMDA - More than one race, did you have many?
Moman Offline
Platinum Poster
Joined: Jul 2004
Posts: 505
WA
2 out of 461

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