WyHy Federal Credit Union Streamlines HMDA Reporting with Coviance
Learn how WyHy Federal Credit Union streamlined their HMDA reporting process using the Coviance HMDA Validation tool, reducing errors, simplifying corrections, and ensuring compliance with the latest regulations.
Published
October 21, 2024
Home Mortgage Disclosure Act (HMDA) reporting can be a daunting and resource-intensive task for lenders. At WyHy Federal Credit Union, the process was no exception, involving a frantic scramble each year to compile and submit accurate HMDA data on time.
Discover how WyHy Federal Credit Union transformed a once stressful and time-consuming annual task into a manageable, ongoing process with the Coviance HMDA Validation tool:
- Improved Accuracy: Reduce submission errors with real-time validation and automated checks
- Simplified Corrections: Easier identification and resolution of reporting issues
- Compliance Confidence: Automatically updates to the latest HMDA requirements
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