LenderClose Launches HMDA Compliance Tool in Preparation for 2018 HMDA Requirements
WEST DES MOINES, Iowa, February 26, 2018 (Newswire.com) - LenderClose announced the release of a new HMDA compliance tool, which will allow community banks and credit unions to validate and export HMDA-required data fields to meet CFPB requirements. The new tool will speed up processes and eliminate multi-system challenges.
"LenderClose's HMDA reporting solution is one of the cleanest most user-friendly I have seen. This daunting task just went from weeks of work to minutes. Partnering with LenderClose on this project and others has saved our credit union valuable time and more importantly continues to save our members money." - Jen Timmins/branch manager at Serve Credit Union.