Known Truth of Mortgage Lending #141:
The Home Loan Disclosure Act requires financial institutions to maintain, report, and publicly disclose information about mortgages.
Known Truth of Mortgage Lending #142:
HMDA reporting is a time-consuming, pain in the butt annual requirement!
Accuracy and getting it right are critical. The process of reviewing, testing, cleaning up, retesting, tweaking, and testing again is traditionally a very manual, loan-by-loan effort. For most lenders, this is the time of year you see the "HMDA Reporting - Go Away" sign hanging on your Compliance Manager's door!
KensieMae has helped over 900 lenders with their HMDA data and reporting.
2 HMDA Tune-Up and Readiness Package Options
HMDA Fast-Track Configuration
A 30 Day Engagement with a hands-on-keyboard KensieMae IDS expert, with up to 30 project hours
Configuration and best practices for automating and streamlining your HMDA collection tailored to YOUR workflow and interpretation
Access to select KMT Automation Tools and Utilities during the engagement
Comprehensive review and testing of 2023 HMDA LAR reporting configuration
HMDA Fast-Track Configuration + Cleanup
All of the services of the HMDA
Fast-Track Configuration Package, plus:
A 60 Day Engagement with a hands-on-keyboard KensieMae IDS expert, with up to 45 project hours
Access to KMT Automation Tools and Utilities, including the Infinity Solutions Enterprise Suite, during the engagement
Batch Update Utility Pro is included with the plus package (a $5,495 value) and no install/setup fee - Yours to keep!
Support and review of the final HMDA report data, including test-run batches
$4,750
$7,250
Never filed HMDA before? Not sure what you need? Not to worry - our IDS experts can customize a solution to your needs!
Ask about an IDS Professional Services engagement today!
Call your KensieMae Account Manager today, or drop us a quick request here:
