In August 2017, we reported that the CFPB had given the mortgage industry a first look at the Internet-based platform it is developing for industry members to use to submit data under the Home Mortgage Disclosure Act (HMDA).
The CFPB recently provided an update on the status of the HMDA portal. The CFPB advised that it is demonstrating to the industry the platform’s functionality and user experience through webinars, industry conferences, and in-person user testing sessions. The CFPB noted that a video version of its demonstration of the platform will be made available soon and that the platform will be made available to the industry in the Fall of 2017. The industry must submit 2017 HMDA data to the CFPB through the portal by March 1, 2018.