HMDA Profiles

View the Implementing Your HMDA 2018 Data Collection Process Guide

View the Setting Up HMDA 2018 Data Collection

Use the HMDA Profiles settings to create one or more HMDA Profiles for your company. Enter HMDA information (such as your Respondent information) to be included in the HMDA report generated for each profile. You can also configure the default content that displays in the HMDA Input form when you start a new loan, such as the HMDA application date, how loans without channel selections are treated, and which income, DTI, and CLTV fields are used for purposes of HMDA reporting. Administrators can associate HMDA profiles with a unique Legal Entity Identifier (LEI), which can then be assigned to organizations within a company’s organization hierarchy. Loans created by Encompass users within each organization are assigned the HMDA profile associated with the organization's LEI.

Encompass administrators can use the List of HMDA Profiles section at the top of the HMDA Profiles setting to create multiple HMDA reporting profiles for a company. When a profile is created, it is added to the table in the List of the HMDA Profiles section. Administrators can use the icons on the upper-right of the table to add, edit, and delete profiles. Each profile is assigned a different Legal Identity Identifier (LEI). Administrators can then use the LEIs to associate HMDA profiles with different organizations within the company. The HMDA Profile is assigned to loan files that are created by Encompass users within the organization. When making 2018 HMDA calculations, Encompass uses the HMDA Profile settings for the LEI for the organization.

To Create a HMDA Profile:

  1. On the menu bar, click Encompass, and then click Settings.

  2. In the left panel, click Loan Setup, and then click HMDA Profiles.

  3. In the List of HMDA Profiles section, click the New icon.

  4. In the HMDA Profile Details section, type the name of the profile.

  5. In the Respondent Information section, enter the Respondent name, address, and contact information.

    The option described below was introduced in Encompass 18.4.0.5. (View the release notes)

  6. Selected the Use Non Universal Loan Identifier (NULI) for Loans Reported as Partially Exempt checkbox to populate the loan number to the Universal Loan ID field (field ID HMDA.X28) on the HMDA Information input form and to change the Universal Loan ID field name to Non Universal Loan ID when the Loan is Partially Exempt checkbox is selected on the HMDA Information input form for a loan file .

  7. In the Parent Mailing Address section, enter the mailing address for the reporting institution's parent company.

    The Parent Mailing Address fields are used only for loans with data collected in 2017 and reported by March 1, 2018.

  8. In the HMDA Application Date section, to use a field other than the default Encompass Application Date (field ID 745) in the HMDA report, select Other, select a date field from the list, and then click OK.

    • To search for a field, enter all or part of a search term in the Find field and then click the Find button to locate the first occurrence of a field containing the search terms. Click Find again to advance to the next occurrence.

  9. Select options for the Institution Type and the Channel Option

  10. In the Relied Upon Factors section, select alternative DTI, CLTV, or Income fields to use for HMDA reporting purposes.

    • To search for a field, select Other. On the Select Field pop-up window, enter all or part of a search term in the Find field and then click the Find button to locate the first occurrence of a field containing the search terms. Click Find again to advance to the next occurrence.

  11. In the Purchased Loans section, select options for reporting on loans that you have purchased from other institutions.

  12. In the Rate Spread section, indicate whether the rate spread will display to 3 decimal points.

  13. When finished, click the Save icon.

  14. The profile is added to the List of HMDA Profiles table at the top of the setting.

  15. To edit a profile, double-click an entry in the List of HMDA Profiles table, edit the information in the sections below the table, and then click the Save icon.

To Edit a HMDA Profile:

  1. In the List of HMDA Profiles section, double-click a profile on the list.

  2. Edit the profile information, and then click the Save icon.

To Delete a HMDA Profile:

  1. In the List of HMDA Profiles section, select a profile on the list.

  2. Click the Delete icon.