All categories
Collecting Ethnicity, Race & Sex
Completion of the Loan Application Register
Definitions
Encompass Use/Behavior Questions
Institutional Applicability
Miscellaneous
Origination Channel
Public Disclosure Statements
Purchased Loans
Reportable Data Fields
Reporting
Collecting Ethnicity, Race & Sex
Completion of the Loan Application Register
Definitions
Encompass Use/Behavior Questions
Institutional Applicability
Miscellaneous
Origination Channel
Public Disclosure Statements
Purchased Loans
Reportable Data Fields
Reporting
41 results found
Regarding ethnicity and race what do we choose if the application is taken over the phone and we cannot see the applicant?
It is only necessary to collect ethnicity and race on an application taken via telephone if the applicant provides the ethnicity and race (also sex) after the person taking the application has provide...
Revised September 30, 2016
There are several fields that are required to be reported as "NA" or "Not Applicable". How is Encompass handling this reporting requirement?
Encompass has added mapping logic to these fields to auto-populate the required "NA", "8888", or "Not Applicable" data point as prescribed under the rule following the HMDA FIG reporting requirements...
Revised November 02, 2017
There are several fields that require the No Co-Applicant code to be reported in the HMDA LAR. How can I manage that for applicable loans with no co-borrower?
In the HMDA Information Input screen in the Demographic Information Co-Borrower section, upon selecting the "No Co-Applicant" Field 3840 the following fields will auto populate with the No Co-Applican...
Revised November 10, 2017
We would like to begin using the new Demographic Information before 1/1/2018. Can we change the HMDA Admin Settings 2018 HMDA Default to a date prior to 1/1/2018?
If you would like to begin collecting the 2018 DI before 1/1/2018, the recommended workflow is to use your data templates to set Field 4142 "Use 2018 DI" and leave the HMDA Admin Settings Default to 1...
Revised November 10, 2017
When the "Use 2018 DI" Field 4142 is checked, there is a big red "X" on the 1003 Page 3 GMI section. Is this acceptable?
The Red "X" on the 1003 Page 3 GMI section is required by the GSE's when collecting the Demographic Information on the 1003 Addendum.
Revised October 27, 2017
When we purchase a loan, our origination system assigns it a new loan number. We do not use the Broker's loan number. Will this have to change with the 2018 data collection?
Regulation C does not prevent you from assigning a new loan number for your own purposes when a loan is purchased; however, this would only be for your own internal use or other regulatory requirement...
Revised September 30, 2016
When will the Pipe Delimited File be made available?
Encompass released functionality to produce the Pipe Delimited format in the 17.3 Encompass Release. This is currently active and working.
Revised October 27, 2017
Where would obtain the information to know what "purchaser type" an investor might be?
There are a few ways to determine the purchaser type, starting with asking the purchasing entity (in this case the investor). You can also typically make this determination by researching the purchasi...
Revised September 30, 2016
Why do we have to guess the sex of the applicant if they do not provide it? I am not comfortable guessing whether the applicant is female or male and taking the chance that if inaccurate, the applicant may be offended.
There are a couple of issues to address under this question. Whether the data must be collected and reported is dependent upon the manner in which the application was taken (see chart below). Regardin...
Revised September 30, 2016
Will Encompass auto populate the middle credit score in the appropriate HMDA / LAR Field?
No Encompass will not. The commentary in the 2017 HMDA Final Rule, the bureau identifies multiple ways that relied upon credit scores might be identified. In the future we will look at some kind of co...
Revised October 27, 2017