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:
|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.|
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.