ABS Announces HMDA Readiness for The Mortgage Office®

LONG BEACH, Calif., Oct. 17, 2017 /PRNewswire/ -- Applied Business Software ("ABS") today announced the upcoming update to The Mortgage Office™ Loan Origination System (LOS) will be ready for the collection and reporting changes of the 2018 Home Mortgage Disclosure Act and Regulation C (HMDA).

The upcoming enhancements will enable our users to easily collect and report the loan data as defined in HMDA 2017 LAR by the Consumer Financial Protection Bureau (CFBP). The data required under the current rule collected in 2017 must be submitted to the CFPB between January 1, 2018 and March 1, 2018.

"ABS once again takes the lead in the implementation and on-time delivery of solutions needed by our clients to stay compliant with the HMDA changes becoming effective January 1, 2018." – Jerry Delgado, CEO, Applied Business Software.

About Applied Business Software

Applied Business Software is a market leader and global provider of software systems and solutions to the lending industry. ABS offers a complete suite of software products designed from the ground up to specifically address the needs of those who originate and service loans. All our products are consistently rated superior in design, system interface, expandability, and ease of use. ABS is based in Long Beach, California. For additional information about ABS's products and services, visit www.themortgageoffice.com or call (800) 833-3343.

Press Contacts
For Applied Business Software, Inc.:
Elizabeth Morales
Director of Business Development
(800) 833-3343
[email protected] 
www.themortgageoffice.com 

SOURCE Applied Business Software