I am performing a HMDA compliance review and in looking at a loan appliation that in HMDA reportable, I noticed that the applicant marked "female" as their gender. We keep copies of driver's licenses and I can clearly tell they are "male". Can I change the application to indicate the correct gender status? Or should we just report it as documented on the application?
If the borrower marked it themselves, keep it as-is. Your job is to make sure your LAR matches the documents, not to make sure the borrower marks it correctly. (No snark - I've run into the problem several times. Even had one applicant who marked ALL the race choices just to be difficult. )
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#1545824 - 05/04/1107:19 PMRe: HMDA -GMI info is incorrect txgal, CRCM
raitchjay
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Joined: Oct 2009
Posts: 9,359
OK
As much as i think you ought to be able to correct it, i don't see any support for that in the GIR. I think the consensus is to simply report what the applicants checked on the application.
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