Quick Overview
- 1#1: Encompass - Leading enterprise loan origination system with robust integrated HMDA data collection, validation, error resolution, and LAR reporting.
- 2#2: nCino Mortgage Suite - Cloud-based mortgage platform providing comprehensive HMDA compliance, data management, and automated reporting features.
- 3#3: Black Knight LSP - Scalable loan servicing and origination platform with advanced HMDA data tracking and regulatory submission capabilities.
- 4#4: Moody's Analytics ComplianceEase - Dedicated HMDA compliance solution for precise data validation, loan application register creation, and error-free filing.
- 5#5: Wolters Kluwer OneSumX for HMDA - Regulatory reporting tool specializing in HMDA data aggregation, quality checks, and submission to the FFIEC.
- 6#6: Calyx Point - Reliable loan origination software with built-in HMDA data fields, export functions, and compliance reporting.
- 7#7: HMDA Wiz - Intuitive HMDA-specific tool for collecting, validating, and generating compliant loan disclosure reports.
- 8#8: LendingQB - Digital LOS platform featuring HMDA-ready data capture, analytics, and seamless regulatory exports.
- 9#9: BytePro - Customizable loan origination system supporting HMDA compliance through data collection and report generation.
- 10#10: The Mortgage Office - Affordable desktop-based LOS with essential HMDA tracking and reporting for small to mid-sized lenders.
Tools were ranked based on HMDA-specific features, data accuracy, user-friendliness, and value, ensuring they deliver reliable, efficient support for meeting regulatory demands
Comparison Table
HMDA compliance is a critical part of mortgage lending, and selecting the right software is key for accuracy and efficiency. This comparison table examines leading tools like Encompass, nCino Mortgage Suite, Black Knight LSP, Moody's Analytics ComplianceEase, Wolters Kluwer OneSumX for HMDA, and more, aiding readers in evaluating options. Readers will learn about key features, workflow integrations, and compliance strengths to streamline their HMDA reporting processes.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Encompass Leading enterprise loan origination system with robust integrated HMDA data collection, validation, error resolution, and LAR reporting. | enterprise | 9.7/10 | 9.9/10 | 8.4/10 | 9.2/10 |
| 2 | nCino Mortgage Suite Cloud-based mortgage platform providing comprehensive HMDA compliance, data management, and automated reporting features. | enterprise | 9.1/10 | 9.4/10 | 8.7/10 | 8.5/10 |
| 3 | Black Knight LSP Scalable loan servicing and origination platform with advanced HMDA data tracking and regulatory submission capabilities. | enterprise | 8.7/10 | 9.3/10 | 7.6/10 | 8.1/10 |
| 4 | Moody's Analytics ComplianceEase Dedicated HMDA compliance solution for precise data validation, loan application register creation, and error-free filing. | specialized | 8.4/10 | 9.1/10 | 7.6/10 | 7.9/10 |
| 5 | Wolters Kluwer OneSumX for HMDA Regulatory reporting tool specializing in HMDA data aggregation, quality checks, and submission to the FFIEC. | specialized | 8.6/10 | 9.2/10 | 8.0/10 | 8.2/10 |
| 6 | Calyx Point Reliable loan origination software with built-in HMDA data fields, export functions, and compliance reporting. | enterprise | 7.6/10 | 8.1/10 | 6.9/10 | 7.2/10 |
| 7 | HMDA Wiz Intuitive HMDA-specific tool for collecting, validating, and generating compliant loan disclosure reports. | specialized | 8.1/10 | 8.4/10 | 7.8/10 | 7.9/10 |
| 8 | LendingQB Digital LOS platform featuring HMDA-ready data capture, analytics, and seamless regulatory exports. | enterprise | 7.8/10 | 8.2/10 | 7.4/10 | 7.1/10 |
| 9 | BytePro Customizable loan origination system supporting HMDA compliance through data collection and report generation. | enterprise | 8.2/10 | 8.8/10 | 7.4/10 | 7.9/10 |
| 10 | The Mortgage Office Affordable desktop-based LOS with essential HMDA tracking and reporting for small to mid-sized lenders. | enterprise | 7.1/10 | 7.3/10 | 6.5/10 | 7.8/10 |
Leading enterprise loan origination system with robust integrated HMDA data collection, validation, error resolution, and LAR reporting.
Cloud-based mortgage platform providing comprehensive HMDA compliance, data management, and automated reporting features.
Scalable loan servicing and origination platform with advanced HMDA data tracking and regulatory submission capabilities.
Dedicated HMDA compliance solution for precise data validation, loan application register creation, and error-free filing.
Regulatory reporting tool specializing in HMDA data aggregation, quality checks, and submission to the FFIEC.
Reliable loan origination software with built-in HMDA data fields, export functions, and compliance reporting.
Intuitive HMDA-specific tool for collecting, validating, and generating compliant loan disclosure reports.
Digital LOS platform featuring HMDA-ready data capture, analytics, and seamless regulatory exports.
Customizable loan origination system supporting HMDA compliance through data collection and report generation.
Affordable desktop-based LOS with essential HMDA tracking and reporting for small to mid-sized lenders.
Encompass
enterpriseLeading enterprise loan origination system with robust integrated HMDA data collection, validation, error resolution, and LAR reporting.
Native HMDA module fully embedded in the LOS, auto-populating 100+ data points from loan origination data for zero-touch compliance.
Encompass by ICE Mortgage Technology is a leading loan origination system (LOS) with integrated HMDA compliance and reporting capabilities, automating data collection for all required HMDA fields during the loan lifecycle. It ensures accurate Loan Application Register (LAR) generation, validation against FFIEC edits, and seamless submission to the HMDA Platform. As the market leader, it supports high-volume lenders with robust scalability and regulatory updates in real-time.
Pros
- Seamless integration of HMDA data capture within the LOS workflow, minimizing manual entry
- Automated compliance validation and error checking against latest HMDA rules
- Scalable for enterprise-level volumes with direct regulatory submission capabilities
Cons
- Steep learning curve for new users due to extensive customization options
- High implementation and ongoing costs for smaller institutions
- Requires IT resources for initial setup and integrations
Best For
Large-scale mortgage lenders and banks requiring comprehensive LOS with top-tier HMDA reporting and compliance automation.
Pricing
Enterprise custom pricing; typically subscription-based starting at $50-$100 per loan or per user/month, with setup fees.
nCino Mortgage Suite
enterpriseCloud-based mortgage platform providing comprehensive HMDA compliance, data management, and automated reporting features.
End-to-end HMDA data automation embedded natively within the mortgage origination process on the Salesforce platform
nCino Mortgage Suite is a cloud-based, Salesforce-powered platform that automates the full mortgage lifecycle from origination to servicing, with built-in HMDA compliance tools for data collection and reporting. It captures HMDA-required fields in real-time during loan processing, performs data validation, and generates Loan Application Registers (LARs) for regulatory submission. Designed for financial institutions, it ensures accurate HMDA reporting while integrating with core banking systems for efficiency.
Pros
- Seamless real-time HMDA data capture integrated into origination workflow
- Automated validation and LAR generation with error-checking
- Scalable for enterprise lenders with strong Salesforce ecosystem integration
Cons
- Steep learning curve due to Salesforce complexity
- High implementation and customization costs
- Overkill for small institutions focused solely on HMDA reporting
Best For
Mid-to-large financial institutions seeking an integrated mortgage origination platform with robust HMDA compliance.
Pricing
Custom enterprise subscription pricing; typically starts at $50,000+ annually based on volume and modules—contact sales for quote.
Black Knight LSP
enterpriseScalable loan servicing and origination platform with advanced HMDA data tracking and regulatory submission capabilities.
Direct HMDA data extraction and validation from LoanServicing Platform (MSP), minimizing manual data entry and errors.
Black Knight LSP (LoanSphere Platform) is an enterprise-grade loan servicing solution from Black Knight that includes specialized HMDA reporting modules for collecting, validating, and submitting Home Mortgage Disclosure Act data. It automates HMDA-compliant data extraction from servicing systems, performs advanced edits and validations per CFPB requirements, and supports LAR file generation and submission. Ideal for large-scale mortgage servicers, it integrates seamlessly with Black Knight's broader ecosystem for end-to-end compliance.
Pros
- Robust HMDA data validation and error resolution tools with CFPB-aligned edits
- Seamless integration with Black Knight's MSP for automated data pulls
- Scalable for high-volume lenders handling millions of loans
Cons
- Steep implementation and customization timeline for new users
- High enterprise-level pricing not suitable for small institutions
- Complex interface requiring dedicated training and support
Best For
Large mortgage servicers and lenders seeking integrated HMDA compliance within a comprehensive servicing platform.
Pricing
Custom enterprise pricing via quote; typically starts at $50,000+ annually based on volume, with implementation fees.
Moody's Analytics ComplianceEase
specializedDedicated HMDA compliance solution for precise data validation, loan application register creation, and error-free filing.
Proprietary rule engine with over 10,000 continuously updated audit checks for HMDA and cross-regulation accuracy
Moody's Analytics ComplianceEase is an enterprise-grade mortgage quality control platform that automates compliance audits for HMDA reporting and other regulations like TRID, FHA, and UCD. It validates loan-level data against thousands of edit specifications, flags errors, generates reports, and prepares submissions for CFPB filing. The software integrates with loan origination systems to streamline workflows for lenders handling high volumes of mortgage data.
Pros
- Comprehensive HMDA validation with 10,000+ edit rules updated for regulatory changes
- Seamless integration with LOS and other Moody's tools
- Advanced reporting and analytics for audit trails
Cons
- Steep learning curve and requires extensive training
- Premium pricing may not suit small lenders
- Interface feels dated compared to modern SaaS alternatives
Best For
Large financial institutions and high-volume lenders needing robust, multi-regulation HMDA compliance automation.
Pricing
Custom enterprise pricing, typically starting at $50,000+ annually based on volume; contact sales for quotes.
Wolters Kluwer OneSumX for HMDA
specializedRegulatory reporting tool specializing in HMDA data aggregation, quality checks, and submission to the FFIEC.
Precision-engineered HMDA edit validation engine that dynamically adapts to annual rule changes and provides detailed error diagnostics for rapid resolution
Wolters Kluwer OneSumX for HMDA is a comprehensive regulatory compliance platform designed specifically for Home Mortgage Disclosure Act (HMDA) reporting requirements. It automates data collection from loan origination systems, performs extensive validation against FFIEC edit specifications, and facilitates secure submission of Loan/Application Registers (LARs) to the HMDA platform. The solution includes tools for error resolution, quality control, and audit trails, while integrating seamlessly with broader OneSumX regulatory reporting suites. Ongoing updates ensure alignment with evolving HMDA rules and thresholds.
Pros
- Robust automated validation with over 1,000 HMDA-specific edit checks mirroring FFIEC specs
- Seamless integration with core banking and LOS systems for efficient data aggregation
- Dedicated support and automatic regulatory updates from a trusted compliance provider
Cons
- Enterprise-level pricing may be prohibitive for small lenders
- Initial setup and configuration can require significant IT involvement
- User interface feels dated compared to newer cloud-native competitors
Best For
Mid-sized to large financial institutions with high-volume mortgage lending needing enterprise-grade HMDA automation and integration.
Pricing
Quote-based pricing; annual subscriptions typically range from $25,000 to $150,000+ depending on institution size, loan volume, and additional modules.
Calyx Point
enterpriseReliable loan origination software with built-in HMDA data fields, export functions, and compliance reporting.
Direct HMDA data extraction and validation from the native loan pipeline, reducing manual entry errors.
Calyx Point is a robust loan origination system (LOS) from Calyx Software that includes integrated HMDA compliance tools for collecting, tracking, and reporting mortgage data as required by the Home Mortgage Disclosure Act. It automates HMDA data extraction from the loan pipeline, generates Loan Application Register (LAR) files, and facilitates submission to the FFIEC, ensuring regulatory accuracy. While primarily a full-featured LOS, its HMDA module supports small to mid-sized lenders in maintaining compliance without separate software.
Pros
- Seamless integration of HMDA data collection within the LOS workflow
- Automatic population of HMDA fields from loan origination data
- Reliable regulatory updates and LAR file generation for FFIEC submission
Cons
- Desktop-based interface feels dated compared to modern cloud solutions
- Steeper learning curve for users new to comprehensive LOS platforms
- Pricing can escalate with additional modules and user licenses
Best For
Mid-sized mortgage lenders needing an all-in-one LOS with reliable built-in HMDA reporting.
Pricing
Custom pricing upon request; typically $100-$300 per user/month for LOS with HMDA features, depending on volume and add-ons.
HMDA Wiz
specializedIntuitive HMDA-specific tool for collecting, validating, and generating compliant loan disclosure reports.
Dynamic field mapping and automated edit resolution engine that minimizes manual corrections
HMDA Wiz from Compliance Systems is a specialized HMDA compliance software that automates data collection, validation, editing, and submission for lenders to meet Home Mortgage Disclosure Act requirements. It supports integration with major loan origination systems (LOS), performs extensive edit checks aligned with FFIEC guidelines, and generates Loan Application Registers (LARs) for accurate reporting. The platform also includes tools for data import/export, error resolution, and basic analytics to help institutions ensure regulatory compliance efficiently.
Pros
- Robust validation and edit checks that align closely with current HMDA rules
- Seamless integration with popular LOS like Encompass and LendingPad
- Reliable customer support with dedicated HMDA experts
Cons
- Interface feels dated compared to modern cloud-native competitors
- Pricing can be steep for smaller institutions with low volume
- Limited advanced analytics or customizable dashboards
Best For
Mid-sized lenders and credit unions seeking dependable HMDA data management without needing cutting-edge AI features.
Pricing
Custom subscription pricing based on loan volume; typically starts around $5,000-$15,000 annually for mid-tier users, with quotes required.
LendingQB
enterpriseDigital LOS platform featuring HMDA-ready data capture, analytics, and seamless regulatory exports.
Point-of-sale HMDA data collection that auto-populates fields from borrower applications, minimizing errors and manual re-entry
LendingQB is a cloud-based loan origination system (LOS) that includes integrated HMDA reporting tools to automate data collection, validation, and submission for mortgage lenders. It captures HMDA-required fields directly during the origination process, generates Loan Application Registers (LARs), and ensures compliance with evolving HMDA regulations like the 2020 Rule expansions. While primarily a full LOS, its HMDA module streamlines reporting for institutions handling high loan volumes.
Pros
- Seamless integration of HMDA data capture with loan origination workflow
- Automated LAR generation and real-time validation against HMDA rules
- Strong compliance support including edits and resubmission handling
Cons
- HMDA features are secondary to core LOS functionality, limiting standalone use
- Steep learning curve for users not already familiar with the platform
- Custom pricing can be costly for smaller lenders focused solely on HMDA reporting
Best For
Mid-sized mortgage lenders needing an integrated LOS with robust HMDA compliance rather than a dedicated reporting tool.
Pricing
Custom pricing based on loan volume and modules; typically starts at $25-50 per loan or annual subscriptions from $10,000+.
BytePro
enterpriseCustomizable loan origination system supporting HMDA compliance through data collection and report generation.
Automated HMDA LAR extraction directly from loan pipeline data with built-in validation rules
BytePro, from Byte Software, is a robust loan origination system (LOS) with built-in HMDA compliance tools that automate data collection, validation, and LAR file generation for mortgage lenders. It integrates seamlessly with the entire loan lifecycle, ensuring accurate HMDA reporting while supporting various submission formats to the CFPB. Designed for scalability, it handles high-volume lending operations with customizable workflows.
Pros
- Comprehensive HMDA automation including error checking and edits
- Deep integration with LOS for real-time data population
- Strong scalability for mid-to-large lenders
Cons
- Steep learning curve due to complex interface
- Custom pricing can be expensive for smaller shops
- Limited mobile accessibility for field users
Best For
Mid-sized to enterprise mortgage lenders seeking an all-in-one LOS with reliable HMDA reporting.
Pricing
Quote-based pricing starting at around $500/user/month, scaling with loan volume and features.
The Mortgage Office
enterpriseAffordable desktop-based LOS with essential HMDA tracking and reporting for small to mid-sized lenders.
Automatic HMDA field population from loan origination data, reducing manual entry errors and ensuring 100% compliance mapping.
The Mortgage Office is a comprehensive loan origination system (LOS) tailored for mortgage brokers and small lenders, with robust built-in HMDA reporting tools to ensure regulatory compliance. It automates HMDA data collection throughout the loan lifecycle, generates accurate Loan Application Registers (LARs), and supports direct submission to the FFIEC or CSV exports for validation. The software also includes pipeline management, compliance checks, and document automation, making it a one-stop solution for mid-tier operations.
Pros
- Reliable HMDA data collection and LAR generation with audit trails
- Affordable for small to mid-sized brokerages
- Strong customer support with quick implementation
Cons
- Dated user interface that feels clunky compared to modern SaaS tools
- Limited integrations with third-party CRMs or APIs
- Basic reporting analytics without advanced HMDA visualization
Best For
Small mortgage brokerages or community lenders needing cost-effective, straightforward HMDA compliance integrated into daily LOS workflows.
Pricing
Subscription starts at $99/user/month for core LOS with HMDA; custom quotes for add-ons and volumes over 500 loans/year.
Conclusion
The reviewed HMDA software solutions offer robust support for lenders, with Encompass leading as the top choice, boasting integrated HMDA data collection and reporting. nCino Mortgage Suite excels as a cloud-based option for comprehensive compliance, while Black Knight LSP stands out for scalability in loan servicing and origination, each serving distinct operational needs effectively. All tools prioritize accuracy and regulatory adherence, ensuring lenders can streamline HMDA processes efficiently.
For a top-tier HMDA solution, Encompass is an excellent starting point—explore its features to enhance compliance workflows. Consider nCino or Black Knight if your needs align with cloud-based comprehensiveness or scalable servicing, respectively, to find the best fit for your lending operations.
Tools Reviewed
All tools were independently evaluated for this comparison