Exam Preparation

HMDA Exam Preparation for Community Banks

Home Mortgage Disclosure Act examinations focus on data accuracy, reporting completeness, and fair lending analysis. Canarie helps you maintain evidence of HMDA data quality controls and reporting procedures. Specifically tailored for the unique examination requirements facing community banks.

More for Community Banks

Community Banks Exam Preparation Challenges

Lean compliance teams wearing multiple hats
Same regulatory scrutiny as larger banks
Limited budget for compliance technology
Managing multiple examiner relationships
Keeping up with regulatory changes

Examining Agencies

CFPBFDICOCCFederal Reserve

Exam Frequency

As part of consumer compliance or fair lending examination

Preparation Steps for Community Banks

1
Review HMDA data quality controls
2
Compile data scrubbing documentation
3
Document geocoding accuracy
4
Gather LAR validation results
5
Prepare resubmission tracking
6
Document training on data collection
7
Compile internal audit results

Evidence Examiners Expect

HMDA policy and procedures
Data quality control documentation
Geocoding accuracy reports
LAR validation and error tracking
Resubmission history
Staff training records
Internal audit findings

Related Compliance Areas for Community Banks

Safety and soundnessBSA/AMLConsumer complianceFair lendingCRA

Frequently Asked Questions

Transform HMDA Exam Preparation for Your Community Bank

See how community banks prepare for examinations in days, not weeks.