HMDA 2018 Updates: Expanded Demographic Information
This communication provides a summary of Sun West’s requirements to meet expanded borrower demographic information as announced under the Consumer Financial Protection Bureau (CFPB) Home Mortgage Disclosure (Regulation C) final rule (HMDA final rule).
| HMDA Rule Requirements |
The HMDA final rule requires collection of expanded information related to applicants’ ethnicity, race, and sex:
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| Demographic Information Addendum | The Demographic Information Addendum must be included as an addendum to the Uniform Residential Loan Application (URLA) with all loan applications dated on and after January 1, 2018. |
If you have any questions, please contact your Client Relations Manager at (855) OK-SUNWEST or (855) 657-8693.
Sun West Mortgage Company, Inc.
18000 Studebaker Road, Suite 200
Cerritos, CA 90703
Phone: (800) 453-7884
This information is provided to licensed brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice.
