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HMDA Proposal Comment Letter (Due by October 29, 2014)
REAL ESTATE LOAN MATRIX
This tool was designed to assist loan officers when making real estate loans. Once you determine the collateral and the loan purpose, the Real Estate Matrix tells you which regulations apply and when you must provide certain disclosures. The Real Estate Matrix also provides a brief description of the regulatory requirements. Examiners from all regulatory agencies also use this Real Estate Matrix.
You may download the Matrix and distribute it to your loan officers.
- Real Estate Matrix 9.3 (Use this version beginning January 10, 2014)
- Real Estate Matrix 8.0 (Use this version beginning October 1, 2009)
ESCROW ANALYSIS WORKSHEET
This excel spreadsheet calculates escrow deposits as defined in Section 1024.17. It also tells you exactly which amounts to disclose on the HUD-1/1A Settlement Statement. You may save this spreadsheet to your hard drive for future use.
REPAYMENT ABILITY AND RISK REQUIREMENTS (QUALIFIED MORTGAGE RULE) MATRIX
This Matrix focuses entirely on the Ability to Repay Requirements and Qualified Mortgage Standards effective January 10, 2014. It is a supplemental tool and is not meant to replace any of our other tools.
ABILITY TO REPAY WORKSHEET
This worksheet will help document compliance with the Ability to Repay requirements found in Section 1026.43. Please note this worksheet is only intended to satisfy the minimum requirements.
HOEPA LOAN WORKSHEET
This worksheet helps loan officers determine if their loan is subject to the HOEPA requirements found in Section 1026.32. Simply input the requested information and get a "yes" or "no". If the loan is subject to HOEPA, the required disclosure can be found on the second tab.
HOEPA Worksheet Version 2013-1 (Use for loans originated in 2013)
REAL ESTATE LOAN CHECKLISTS
These checklists are a great resource to ensure that you are meeting regulatory requirements. They are available for both HMDA Banks and Non-HMDA Banks. Each file includes checklists for Purchase, Refinance and Home Improvement/Home Equity transactions for both fixed and adjustable rate loans. They also include checklists for HELOC and Ag/Commercial transactions.
We realize that not all banks are the same and have different needs, so feel free to customize these checklists to fit your bank.
HMDA FLOWCHART (Revised 1/13)
This flowchart helps you determine which loans are applicable to HMDA and which are not.
This flowchart helps you determine the closing and re-disclosure timing requirements under MDIA.
Policy & Procedure Templates
- Loan Originator Compensation Restrictions
- Steering Prohibitions
- Loan Originator Qualification Requirements
- Loan Originator Disclosure Requirements
CIP Lobby Notice
This is a free (8" x 10") notice you can display in your lobby to meet the requirements of Section 326 of the USA PATRIOT Act.