Quality Edits
Business› Finance› Personal Finance
Mortgage
The data in question do not agree with an expected standard (value). Review for correctness and change only if erroneous data has been reported. An example is reported income that is less than or equal to $9 thousand. The letter 'Q' precedes the error numbers.
(It is important that you do an initial review of the data containing quality edits. If, after the review, you find that the data are reported correctly or you change the data because the data are reported incorrectly and the quality edit still remains on the data, those quality edit(s) will remain on succeeding edit reports).
- — Home Mortgage Disclosure Act (HMDA) Glossary retrieved 2014-05-16