In October 2021, CU*Answers introduced a new database for credit unions to enter all of the required Home Mortgage Disclosure Act (HMDA) loan information. Coming in October 2022, credit unions will have the ability to upload this data directly into the HMDA website. This enhancement comes just in time for the next required HMDA reporting in early 2023.
Ashley Melder, VP of Professional Services, Lender*VP, said, “We look forward to more credit unions taking advantage of using our database for entering HMDA data now that they can upload the information directly into the HMDA website.”