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#2275186 - 09/06/22 06:40 PM Easy HMDA checks?
NoJustNo Offline
100 Club
Joined: Oct 2013
Posts: 221
Midwest
Trying to compile a list of easy checks -- what do you all look for? Here are a few:

If a loan is made to an LLC (only), Age should be 8888 (applicant) and 9999 (co-applicant)
If occupancy code is "3", HOEPA Status should be "3"

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#2275333 - 09/09/22 02:33 PM Re: Easy HMDA checks? NoJustNo
Truffle Royale Offline

10K Club
Joined: Jul 2003
Posts: 17,400
Not going to try to create a list of if/thens. It would be never ending and soon too much to possibly be an 'easy check.'
Rather train when to use 8888 and 9999, etc.
There are a number of good charts out there that help with completing specific codes. The HMDA Academy set is one that I rely on.

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#2275349 - 09/09/22 06:02 PM Re: Easy HMDA checks? NoJustNo
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
NoJustNo - check your IMs.
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The opinions expressed are mine and they are not to be taken as legal advice.

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