Hi there, I was looking for some feedback on your HMDA process. We are struggling with our HMDA process. Currently our Loan Ops completes our HMDA form, Compliance then completes a the same exact form (because they "do not trust" the Loan Ops folks), and then a second person in Compliance reviews the form that was completed was correct. I was curious as to:
- Who owns the HMDA data gather process?
- Who reviews the HMDA data?
- Which person approves the data to go on the LAR?
- Are the HMDA data gathering forms scanned? If so, is it just the form or are the documents used as evidence scanned.. or both?