Skip to content

Mtg. App Accepted 2018 but 2017 GMI Info Section

Answered by: 

We have a mortgage loan application accepted in 2018 that has a completed 2017 GMI info section. We can we do to fix this?

Because of the change from GMI to Demographic Information Collection (DI), there's going to be some of these. Basically, these applicants used the wrong form, so you simply need to update it. If you meet with the applicant(s) in person, provide them with a new Demographic Information Collection form. If you don't meet with them in person, complete the HMDA LAR by transferring their GMI to the appropriate DI responses.

First published on 04/08/2018

Filed under: 
Filed under lending as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics