The CFPB has posted information on changes to the submission process listed in the Filing Instructions Guide for HMDA data collected in 2017. Beginning with the HMDA data collected in 2017, filers will submit their HMDA data to the CFPB using a web interface referred to as the HMDA Platform. HMDA filers will interact directly with the HMDA Platform to file their HMDA data. The Data Entry Software currently provided by the FFIEC will no longer be available as a method of data entry or data submission.
From the link –
Filing Instructions Guide for HMDA data collected in 2017 (FIG):
Beginning with the HMDA data collected in 2017, filers will submit their HMDA data to the Consumer Financial Protection Bureau (CFPB) using a web interface referred to as the HMDA Platform. HMDA filers will interact directly with the HMDA Platform to file their HMDA data. The Data Entry Software currently provided by the FFIEC (DES) will no longer be available as a method of data entry or data submission.
Some financial institutions, typically those with small volumes of reported loans, that currently manually enter each loan into the DES for submission, will need a software solution to create an electronic file that can be submitted to the new HMDA Platform.
Many solutions exist to create the electronic file. For example:
- A financial institution’s current Loan Origination Software (LOS) may meet this need.
- Software commonly available on desktop computers such as Microsoft Access or Excel may also be used for data entry and formatting.
- In addition, the CFPB will publish a Microsoft Excel HMDA loan/application register (LAR) data entry formatting tool. This tool will help filers enter and format their HMDA data into a pipe delimited text file needed to submit the data to the CFPB’s HMDA Platform. We expect that this tool will be available for filers in early January 2017.
HMDA filers that use vendor software to prepare their HMDA data for submission are encouraged to contact their vendors to confirm that their software will format HMDA data collected in 2017 according to the requirements specified in Section 3 of the FIG. These include the creation of a pipe delimited text file to be uploaded to the HMDA Platform.
HMDA filers should also refer to Section 2 of the FIG for information on additional changes to the filing process.
Check the Resources for Filers page for future HMDA processing updates. We also encourage HMDA filers to visit the HMDA Regulatory Implementation page and sign up to receive email updates.
Thank you.
CFPB HMDA Help