Representative Engagements

CrossCheck has assisted numerous mortgage companies in validating the accuracy of HMDA data previously submitted or in preparation for an upcoming submission. Our approach to HMDA data error and omission testing integrates systemic data routines to identify conflicts between loan origination systems (LOS) and HMDA data. Identifying statistical anomalies or “red flags” compared to peers and/or national aggregate data is a first step that helps focus the review. Through this approach, we can ascertain the root cause of identified data issues, provide the framework for enhancing system controls, and enable automated corrections to the LAR, resulting in improved data integrity for current and future submissions.