Although HMDA reporting institutions are busily working on their submission of 2020 data, the CFPB recently announced the availability of a beta version of the HMDA reporting platform for 2021 data. (As previously reported, in early January 2021 the CFPB announced the availability of the platform for the submission of Home Mortgage Disclosure Act (HMDA) data collected in 2020.) The beta platform for 2021 HMDA data may be accessed here by selecting “2021” from the dropdown after logging in.
The CFPB advises that the beta platform for 2021 HMDA data provides reporting institutions with the opportunity to determine whether their sample Loan Application Register (LAR) data comply with the reporting requirements outlined in the Filing Instructions Guide for HMDA data collected in 2021. No data submitted on the platform will be considered for compliance with HMDA data reporting requirements. During the beta period, reporting institutions may test and retest 2021 HMDA data files as often as desired. The official submission of HMDA data for 2021 will begin on January 1, 2022, or such later date when the 2021 HMDA platform is made available.
The CFPB notes that it will continue to add functionality to the 2021 beta platform during the testing period.