The CFPB recently announced that the platform for the submission of Home Mortgage Disclosure Act (HMDA) data collected in 2023 is now available for the submission of the data. The platform may be accessed here. HMDA data for 2023 must be submitted on or before March 1, 2024.
A beta testing version of the platform also is available and may be accessed here. HMDA reporting lenders can submit data to the beta testing version of the platform to determine if their data is appropriate for a formal submission of the data to the actual platform. The CFPB advised that no data entered on the beta testing platform will be considered a HMDA submission for compliance with HMDA data reporting requirements.
The CFPB also provided links to the Filing Instructions Guide for HMDA data collected in 2023, and to an Online Loan/Application Register (LAR) Formatting Tool. The Tool is designed to help smaller volume mortgage lenders create an electronic file that can be submitted to the HMDA platform.