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Do I have to report HMDA Data?

Do I have to report HMDA Data?

Depends on the size of your business and whether YOU are providing the credit decision

Written by Thomas Morgan
Updated on April 10, 2023

You gain insight into your volume when you file your quarterly call reports for NMLS. This is the best time to decide whether you should prepare to report loan origination volume through the HMDA reporting portal.

If you originate (meaning make a credit decision on) over 25 closed-end loans, you must report HMDA data.

If you do not underwrite and approve these loans, you are not an HMDA reporter.

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