Use IMF's dashboard to put the Home Mortgage Disclosure Act to work for you
There is a wealth of information available about individual lenders' mortgage business within the Home Mortgage Disclosure Act data. And with the IMF HMDA Dashboard — just released with new 2020 data — you can easily mine that trove of data for all sorts of competitive intelligence.
This interactive tool makes it simple to pull out just the information you need. Look at the total market or concentrate on a particular geographic area, a specific lender, an underwriting characteristic or any combination of these factors and more. Then use the insight to figure out:
How does your product mix or results compare to the market or similarly chartered organizations?
Where can you expand your efforts?
Who might help you grow your business?
The IMF HMDA Dashboard is as easy to use as it is powerful. You'll be fluent in how to use the Dashboard in just a handful of minutes and poring over your first heat map (and the specific numbers behind it) just a minute or two later.
Best of all, it's a snap to get those numbers from the IMF HMDA Dashboard to your ultimate use. For example, with one quick menu command you can export the numbers to Excel for further analysis or you can grab the data as an image to include in a presentation so you can show others what you've uncovered.
The IMF HMDA Dashboard gives you access to the new 2020 origination data, including dollar volume, change from 2019 and market share, for all lenders required to file HMDA data for 2020 — thousands of your competitors and potential partners.
You can filter the data by any combination of the following:
Loan purpose (purchase or refinance)
Loan type (conventional-conforming, FHA, jumbo, etc.)
Property type
Lien type
Occupancy type
Underwriting characteristics (DTI, LTV)
Application channel
Secondary-market purchaser
Geographic area (one or more states or counties)
Peer group (similarly chartered or sized lenders)
Lender
The 2020 HMDA Dashboard also includes flags that allow you to include or exclude originations based on whether the loan is for a line of credit, reverse mortgage, higher-priced mortgage, business or commercial purpose or is interest-only, balloon-payment, or negative amortization.
No other resource makes the HMDA data so easy to use — or so valuable.
With access to the numbers from each lender required to file HMDA data (approximately 4,400 reporting institutions in 2020), your analysis can span the breadth of the market, not just the biggest players.
Narrow or broaden your search with just a click and see immediately how the numbers change by lender and geography.
Because you can search for lenders by name and view more than one at a time, you can get directly to the information you want and compare, contrast and aggregate information according to your needs.
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