Instant HMDA

Instant HMDA

Instant HMDA provides lenders the easiest, fastest and most cost effective HMDA data validity solution available.

  • Performs instant check while loan is being processed
  • Enables lenders to correct Validity and Quality errors at point-of-contact, before errors become regulatory fines
  • Obtains census tract data with just one click.

Features include:
  • Instant Geocoder – to accurately match addresses with scores that allow for minor data variation elements that often occur
  • HMDA Review – to analyze production for error-free submissions.
  • No more re-keying an address to find geocodes
  • Rate Spread – to calculate whether a loan is a Higher Priced Mortgage Loan (HPML)

Instant HMDA is integrated with the following Loan Origination Systems covering over 60% of today’s HMDA transactions. Click LOS link to learn more.

The Compliance EAGLE suite includes Instant HMDA and 13 additional critical review services, equipping lending institutions with automated rule sets to identify and adhere to regulatory exceptions and guidelines:

  • TILA/RESPA Integrated Disclosure (TRID) compliance
  • Qualified Mortgage/Ability-to-Repay (QM/ATR)
  • High Cost, Guaranteed Fee Tolerances and Transfer Tax services
  • Truth in Lending Act (TILA)
  • Real Estate Settlement Practices Act (RESPA) compliance on non-TRID loans, federal, state and local consumer lending laws
  • Home Ownership and Equity Protection Act (HOEPA)
  • Office of Foreign Assets Control (OFAC)
  • Social Security Number (SSN) checks, exclusionary lists
  • NMLS License verifications, and more

instant hmda compliance software