We have provided an updated HMDA policy and procedure. Note that the LAR (Loan Application Register) gets replaced by the HMDA portal. You no longer need to make your LAR available to the public in a lobby area, because the public can review the data through the CFPB's analysis. Most companies in a Metropolitan Statistical Area (MSA) will report, because all you need is 25 decisioned loans to trigger mandatory reporting.
Almost all reporters will use software to cull data from the LOS, and render it in an uploadable format. We have provided links to the FFIEC and CFPB's tools for this. In addition, we recommend that you utilize your NMLS call reporting process as a way of scrubbing data on a quarterly basis to avoid a massive job on March 1.
Download the file here - 2-42 2018 HMDA Policies and Procedures