CFPB Releases HMDA FIG for 2021

The CFPB has released a Filing Instructions Guide (FIG) for HMDA data collected in 2021.

Looking to 2021 already may be a bit overwhelming, but the good news here is that there aren’t any real significant changes for collecting and reporting data in 2021.  There are a couple of things to be aware of, however, if you’re a large filer:

  • A code was added under the Automated Underwriting System (AUS) data field for “Internal Proprietary System”
  • When reporting NMLS #’s, do not include zeros not part of the NMLSR ID (e.g., if the NMLSR ID is 64573, it should be entered as 64573, not 00064573).

There will be also be some new, clarified and revised edits for 2021, including a couple to help ensure proper use of “1111” as an “Exempt” code and to help ensure the NMLSR ID is valid and not entered as a zero.

The CFPB also issued an updated Supplemental Guide for Quarterly Filers for 2021 to update key filing dates for quarterly reporters.

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