This article is specifically for matching HMDA Codes to Point fields for HMDA (2017) reporting requirements.
Point allows you to enter loan information as per the HMDA (2017) collection and reporting requirements.
CFPB requires that the loan information is converted into standard codes which represent loan information for the purpose of HMDA reporting.
For example: A Lien Status of "First Lien" will generate a code "1," while a Lien Status of "Not Secured by a lien" will generate a code "3."
Below is the screen location of where all HMDA fields can be located to match with HMDA Codes along with a break down of the field locations. To view a printable copy of the Code Sheet, click the attachment at the bottom of this article.
Loan Application pg. 1
- Loan Type generates from the Loan Type section.
- Purpose of Loan generates from the Purpose of Loan section.
- To report the loan as Home Improvement, navigate to Track > HMDA > HMDA Reporting (2017) and check the Report the purpose of this loan as Home Improvement checkbox.
- Construction loans are automatically excluded from the HMDA report.
- Other is not a supported HMDA selection. If your loan is Other, then you should either report the loan as Home Improvement (if applicable), check the Exclude loan from HMDA report checkbox from the HMDA Reporting (2017) screen (if applicable), or select a loan purpose that matches a supported HMDA value.
Track > HMDA > HMDA Reporting (2017)
- Property Type generates from the Property Type dropdown list.
- Owner-Occupancy generates from the Occupancy dropdown list.
- Preapproval generates from the Preapproval dropdown list.
- Action Taken generates from the Origination Information section.
- Ethnicity generates from the Government Monitoring section.
- Selecting the Not Applicable checkbox will generate the code "4" for Not Applicable.
- For Co-borrower:
- Select the borrower's name from the Co-applicant dropdown list to report the ethnicity of the first co-borrower for purposes of HMDA reporting.
- Select No Co-applicant if a co-borrower does not exist to generate a code of "5".
- Race generates from the Government Monitoring section.
- Selecting the Not Applicable checkbox will generate the HMDA code "7" for Not Applicable.
- For Co-borrower:
- Select the borrower's name from the Co-applicant dropdown list to report the race of the first co-borrowe for purposes of HMDA reporting.
- Select No Co-applicant if a co-borrower foes not exist to generate a code "8".
- Sex generates from the Government Monitoring section.
- Selecting the Not Applicable checkbox will generate the HMDA code "4" for Not Applicable.
- For Co-borrower:
- Select the borrower's name from the Co-applicant dropdown list to report the race of the first co-borrower for HMDA reporting purposes.
- Select No Co-applicant if a co-borrower does not exist to generate a code "8".
- Type of Purchaser generates from the Origination Information section.
- Reasons for Denial generates from the Reasons for Denialsection.
- HOEPA Status generates from the Report as a HOEPA loan checkbox.
- Lien Status generates from the Lien Status dropdown list.
