Data Scrubs
A CRA data “scrub” or records review involves a sample of loan records that are reviewed to verify the following items:
- CRA loan type codes are verified
- Loan amount is compared to note or allonge
- Action type is corroborated
- Action date is reviewed
- Geo-coding information is confirmed
- Business/Farm Revenues are reviewed
- Annual income is double checked
- Affiliate flag code is confirmed
Reports include an Excel spreadsheet documenting the HMDA and CRA files selected for testing and the results of the comparison of the application/file information to the LAR and Microdata file; each Excel spreadsheet will include a legend to reference the source document used to perform the review. Also, a sample of all source documents from one loan file used to review a LAR entry.