Is your institution currently exempt from HMDA reporting because you make less than twenty-five closed-end dwelling secured loans? Are Home Equity Lines of Credit a niche for your institution? Under the 2018 HMDA rules you may be required to report HELOCs in 2018! If you originated 100 or more HELOCs in 2016 AND 2017 (and you also meet the Asset and MSA tests), you will need to start reporting them in 2018!
If this is news to you, join us on June 1, 2017, for our 2018 HMDA Coverage webinar. We will take an in-depth look at who’s covered, what’s covered, what’s not covered and much, much more!