Home Mortgage Disclosure Act (HMDA)/Reg C

Frequently Asked Questions

Disclaimer: These questions and answers are provided based on those received during webinars provided by the Ellie Mae Compliance Department, and those submitted to Ellie Mae directly by you. This content is intended for general information purposes with the goal of assisting Ellie Mae’s customers and non-customers, in complying with the future provisions under Regulation C (HMDA). This information is provided as a courtesy to Ellie Mae’s customers and Ellie Mae makes no representation or warranty regarding the accuracy of the information set forth herein, and you may not rely on this information to ensure your company’s compliance with Regulation C (HMDA). This publication should not be construed as legal advice or opinion on any specific facts or circumstances, including the application of the HMDA regulations. You are advised to consult your own compliance staff or attorney regarding your specific residential mortgage lending questions or situation to ensure your compliance with all applicable laws and regulations.

Does Lender Credits Field HMDA.X80 use General Lender Credits or Specific Lender Credits.

Revised October 27, 2017

Encompass uses the Lender credits provided to the borrower to offset closing costs that is disclosed under Line J of the Closing Cost Details page of the Closing Disclosure CD2.XSTLC. HMDA refers to 1026.38(h)(3) which are general credits and cure only.

Citation(s):Product Specific