- Perform a submission trial-run. Perform a few to get the hang of the process and iron out kinks or potential problems that could arise during the actual submission.
- Expect the unexpected. This includes any potential system outages, data issues, and staff emergencies.
- Prepare once, plan twice. Make sure you and your team are scheduled and present during the last stages of the submission process, keeping in mind that emergencies do happen. In the case of an emergency, have a plan in place. There’s no such thing as too much preparation, so anticipate all scenarios.
Remember, once you’re done, it’s all over (until next year).
Submitting HMDA via RiskExec? Here’s what you need to know: