Comply 17 System is Complete and Ready for Download
The much-anticipated Comply 17 is now complete, QA tested and ready for download. This update is mandatory for doing the 2017 submission as it contains the new CFPB HMDA.TXT format that is needed in order to upload to the CFPB submission portal. This version also contains all of the 2018 HMDA changes and new fields. When you install, the 2018 year will be available and you can start bringing in that data when ready. We have even added all of the 2018 edits that were released just 2 weeks ago. The CFPB will be making many modifications to the edits over the coming year so these will be a work in progress, but what we have is a great first start.
Some of the key changes in Comply 17:
- Ability to create 2017 Submission in new HMDA.TXT format; this is the first year they are doing a pipe-delimited file instead of the old fixed-length format
- Updated 2017 Edits
- Creation of the 2018 report year
- All of the 2018 HMDA required fields and new enumerations
- All of the 2018 HMDA Edits
- The new Comply custom Form View designer – you can now customize Form Views as well as List Views now
- New Map View Definitions – Allows users to combine and save data sets to mapping definitions
- Universal Loan Identifier (ULI) functionality – for 2018 you can either bring in ULIs or App Numbers and have Comply calculate the ULIs
We are fully up-to-date on the CFPB HMDA FIG but it is a moving target (2018-HMDA-FIG.pdf). We will be monitoring the FIG for changes and will be updating the system as appropriate. A full list of changes will be provided early next week for your review but we thought it was beneficial to make the update available to those that want the update quicker since it is mandatory anyway.
We look forward to your feedback on all of the new changes and enhancements.
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