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New Loan Application

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  • September 19, 2017 at 10:51 am EDT #11730
    Rich
    Member

    We have determined that we are exempt from HMDA reporting due to the extremely low volume of covered loans that we originate.

    Because of this, are we also exempt from using the new Loan Application?

    Thanks.

    September 19, 2017 at 5:22 pm EDT #11734
    rcooper
    Member

    It will not be required unless you have investors purchasing or funding your loans that require it. You should check into that, if applicable.

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