Coviance HMDA Validation
HMDA Reporting Made Easy
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Multiple Validation Checks
Guarantee that your HMDA reports are accurate and compliant. The Coviance HMDA Compliance Validation tool validates at the loan-level and automatically updates to reflect the most current HMDA requirements. We deliver quarterly reports on missing HMDA data so you can fix errors well in advance of submission.
Submit with Confidence
The HMDA Validation tool proactively adjusts to reflect the latest CFPB requirements. Lenders can export a submission ready CSV file for easy submission to the CFPB portal, enabling institutions to meet deadlines with confidence and ease.
How it Works
Data Entry
Input loan data quickly and accurately with intelligent pre-filling.
Instant Validation
Catch potential errors in real-time with loan-level validation.
Review & Export
Review, adjust, and export your HMDA data with confidence.
By validating HMDA required data at the file level proactively at the time of loan processing, we ensure accuracy throughout the year... making our HMDA filing a breeze instead of a burden.
Ready to simplify your HMDA Reporting?
Frequently Asked Questions
Can't find what you're looking for?
HMDA (Home Mortgage Disclosure Act) is a regulation that requires lenders to report mortgage data to the Consumer Financial Protection Bureau (CFPB). The data helps regulators ensure that lenders are treating applicants fairly and in compliance with anti-discrimination laws.
Coviance HMDA Validation simplifies the process through automated validation checks. This tool helps lenders identify errors in real time, ensuring that your HMDA reports are accurate and compliant. The tool reduces manual efforts, making it easier to submit reports on time.
Our tool offers the only loan-level validation in the market, allowing lenders to address potential errors as they occur. Additionally, it supports external CSV file appending, ensuring seamless, consolidated submissions for compliance. Coviance also delivers quarterly reports on missing data, providing ample time to correct errors before submission.
Yes! Our tool is updated annually with the latest requirements from the CFPB, ensuring that your submissions meet the most current standards. This proactive approach helps lenders stay compliant with evolving regulations.
Lenders are often required to submit a single file per LEI (Legal Entity Identifier). With Coviance’s Easy File Appending feature, you can seamlessly merge external CSV files with those generated by our validation tool, making submissions smooth and error-free.