HMDA Bootcamp Basics

June 6, 2022

Lending

Live Webinar

DateJun 6, 2022Duration90 minutes

08:00 AM PDT09:00 AM MDT

10:00 AM CDT11:00 AM EDT

Unlimited connections for your institution
Available on desktop, mobile & tablet
Take-away toolkit
Presenter’s contact info for questions

On-Demand Webinar

Unlimited and shareable access
two business days after live streaming
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

Sometimes going back to the basics is a step in the right direction.

If you (or your institution) are new to HMDA reporting, this program will provide a solid foundation and the details needed to collect and report data the right way.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Determine the various types of dwellings that trigger a HMDA application
Explain to applicants why demographic information (ethnicity, race, and gender) is collected
Understand the elements of a completed application
Define the correct loan purpose
Handle common reporting problems for commercial loan applications:

Distinguish between covered and excluded applications
Identify which structures can be considered a dwelling for HMDA reporting
Sort out complex issues with mixed-use dwellings (these structures are often used as collateral for commercial loans)

WEBINAR DETAILS

The Home Mortgage Disclosure Act (HMDA) requires financial institutions to collect and report data related to certain dwelling-secured applications. The detailed definitions and requirements can be confusing for new employees and financial institutions that have just become subject to reporting. This bootcamp session will provide straightforward examples that explain the rules for identifying potential HMDA applications and the elements of data collection – while reinforcing the importance of “getting it right.”

WHO SHOULD ATTEND?

This informative session is designed to teach the basics of HMDA reporting to those new to the process. It will also be a helpful review for loan operations staff, loan officers, loan assistants, processors, compliance officers, and auditors.

TAKE-AWAY TOOLKIT

CFPB resource links
Step-by-step data collection definitions and how to avoid mistakes
Tool for taking demographic information
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

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.