HMDA LAR Pre-Submission Audit

Pre-submission inspection template for sampling HMDA Loan/Application Register (LAR) entries against loan files to verify key data fields, identify discrepancies, and confirm readiness before the CFPB filing deadline.

Audit Scope and Sample Selection

• Audit period and submission year confirmed
• Sample size documented and representative of the LAR population
• Sample selection method recorded
• Loan files and LAR records available for each sampled application
• Audit checklist version and reviewer identified

Application and Action Data Reconciliation

• Application date matches source loan file
• Action taken / loan purpose / occupancy fields match source documentation
• Loan amount and property value are supported by the file
• Loan type, lien status, and rate spread fields are accurate
• Application channel and preapproval status match the file

Applicant, Property, and Demographic Data Validation

• Applicant ethnicity, race, and sex fields are supported by the application record
• Applicant age and credit score fields, if reported, are accurate and complete
• Property address and census tract information are complete and consistent
• Property type and construction method are supported by the file
• Manufactured housing / multifamily indicators, if applicable, are correctly reported

Pricing, Underwriting, and Outcome Fields

• Interest rate, APR, and rate spread fields reconcile to the final terms
• Debt-to-income ratio and combined loan-to-value ratio are supported by underwriting records
• Action taken and denial reason fields are complete and accurate
• Pricing data, if applicable, is consistent with the rate sheet and closing package
• Any exceptions or overrides are documented in the file

Submission Readiness and Corrective Actions

• All identified discrepancies have been logged with owner and due date
• Reconciled records have been rechecked after correction
• Submission file is ready for CFPB filing
• Reviewer notes any unresolved items requiring escalation before deadline
• Inspector sign-off completed