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Home » Store » Taxable » New System May Ease Gathering of HMDA Data

New System May Ease Gathering of HMDA Data

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PCi Corp., a tech company based in Boston, has released what it is calling the “HMDA Wiz,” an enterprise system for lenders who need to achieve compliance with the Home Mortgage Disclosure Act. Complying with HMDA typically involves painstakingly collecting data from the loan origination system, then filling in detailed forms with their confusing array of fields for every loan. The loans must then be organized into categories, which…
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