2024 HMDA Submission Due March 1, 2025: Updates, Challenges & Real-Life Examples
January 13, 2025
Live Webinar
DateJan 13, 2025Duration60 minutes
08:00 AM PST09:00 AM MST
10:00 AM CST11:00 AM EST
- Unlimited connections for your institution
- Available on desktop, mobile & tablet
- Take-away toolkit
- Presenter’s contact info for questions
On-Demand Webinar
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Tick tock! Every year like clockwork, HMDA data must be submitted by March 1.
Do you have the tools needed to
gather and provide the necessary details? Are you confident in your data’s
integrity? Are you ready for the public scrutiny it may bring? This timely
webinar will provide helpful tools and address the top 10 issues that can
perplex HMDA reporters.
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Submit the 2024 data with added confidence and improved data integrity
- Effectively use the HMDA resources found in the CFPB’s 2024 FIG (Filing Instructions Guide)
- Define several confusing issues, such as what is a dwelling, mixed-use property scenarios, and complex demographic information collection
- Explain how to handle quality edits
- Understand clarifications for complicated data points
WEBINAR DETAILS
HMDA reporting
continues to be a challenge for many financial institutions. Most importantly,
this public data can be scrutinized for potential discriminatory practices that
can question your financial institution’s reputation. Join this fast-paced
webinar to learn about the top 10 issues that cause HMDA reporters confusion and
receive valuable tools to submit your 2024 HMDA data by March 1, 2025. The presentation
will include citations, tips, and real-life examples. You’ll also learn
important information that can cause reporting errors, including these top five
issues:
- Secondary market reporting rules
- Dwelling definitions and mixed-use property scenarios
- Demographic information collection tips
- Reporting tips for applications made in the commercial loan area
- Data integrity challenges and submission and resubmission steps
WHO SHOULD ATTEND?
This informative session
is designed for all staff who need to understand and manage HMDA reporting,
including loan operations personnel, loan officers, loan assistants,
processors, compliance officers, fair lending officers, IT support staff, and
auditors.
TAKE-AWAY TOOLKIT
- HMDA worksheets and flowchart for 2024 activity, including updated CFPB resources
- Lists of data fields for each data point
- HMDA compliance resources, including checklists for submission and fair lending considerations
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Presented By
Susan Costonis
Compliance Training & Consulting for Financial Institutions
© 2024 FINANCIAL EDUCATION & DEVELOPMENT, INC