The Consumer Financial Protection Bureau shed a little more light on what compliance with its controversial 2015 updates to the Home Mortgage Disclosure Act rule looks like in a training session last week.

With 2017 more than halfway over, the industry’s deadline to become compliant with the 2015 updates is coming up quick, as most of the updated requirements take effect in January 2018.

The industry, so far, hasn’t wasted any time and has been on high alert to come into compliance, even going so far as to say that HMDA is replacing TRID (the TILA-RESPA Integrated Disclosure rule) as the most dreaded mortgage acronym.

Now with the deadline not too far off, the bureau provided the mortgage industry with a first look at the portal to be used for the reporting of, and public access to, data under HMDA, Richard J. Andreano, Jr. explained in a blog in the Consumer Finance Monitor.

Andreano stated that reporting institutions will use the portal to submit data commencing with the submission of calendar year 2017 data by March 1, 2018.

The blog covered a recent presentation by Michael Byrne, a project director in the technology division with the CFPB.

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