Join us for our HMDA Audit on September 31, 2018. We will answer all the questions submitted during the live webinar, in writing, such as:
Question: We qualify for the HMDA Small Filer exemptions. Do we even need to worry about auditing the exempt fields on our LAR?
Answer: Even if you’re a Small Filer and taking advantage of the exemptions, you still need to make sure you’re reporting the correct exempt codes in the exempt fields. This can vary and honestly, is more complex than we feel it needed to be. Auditing is still important, even for Small Filers.