Insights
Incident Management – Ways in which Mortgage Lenders can Prepare for Data Breach Incidents
There are numerous ways mortgage lenders can prepare to not only try and prevent a data breach, but to respond in the event that one does occur. This article focuses on best practices related to a mortgage lender’s incident response procedures. Maintaining a comprehensive and actionable plan that can be easily and efficiently implemented if…
Collecting accurate HMDA data and avoiding hefty penalties
HOME MORTGAGE DISCLOSURE ACT (HDMA): Demographic Information Mortgage lenders need to monitor their employees to ensure accurate HMDA data collection and reporting of demographic information (race, ethnicity, and sex). Federal regulators stress the importance of collecting accurate data to help detect and prevent mortgage lending discrimination. Often mortgage lenders rely upon their employees to collect…