Mon, Nov 13, 2017
The CFPB announced the beta launch of the new HMDA Platform. The main objective of the beta release is to provide financial institutions an opportunity to become familiar with the HMDA Platform and, in particular, determine whether their sample LAR data complies with the reporting requirements outlined in the Filing Instructions Guide for HMDA data collected in 2017.
The beta version of the HMDA Platform will allow financial institutions to establish test log-in credentials; upload sample HMDA files and perform validation on their data; receive edit reports; allow users to confirm their test data submission; and conclude the test HMDA filing process.
During the beta period, financial institutions may test and retest as often as desired. All test accounts created and test data uploaded during the beta period will be removed from the system when the filing period opens in January 2018.
Check out the beta version of the HMDA Platform: https://ffiec.cfpb.gov
During the beta period, the CFPB encourages financial institutions to provide feedback on their experiences using the HMDA Platform to HMDAfeedback@cfpb.gov.