HMDA Reporting Part 1: Application Basics

On-Demand Webinar
StreamedSep 27, 2021Duration60 minutes
  • 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
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HMDA could be an acronym for How Much Data Applies?

In reality, the Home Mortgage Disclosure Act does require collection and reporting of data regarding dwelling-secured applications.  Part 1 of this three-part series will provide the definitions, demographics, rules, and application basics you need.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:
  • Distinguish a “prequalification” which is not HMDA reportable, from a “preapproval” which is reportable
  • Effectively use the CFPB’s HMDA resources to identify potential applications
  • Define various types of dwellings that trigger a HMDA application
  • Explain to applicants the need to collect demographic information
  • Understand the elements of a “completed” application

WEBINAR DETAILS

The Home Mortgage Disclosure Act (HMDA) requires financial institutions to collect and report data related to certain dwelling-secured applications.  Reporting mistakes can result in civil money penalties and regulatory headaches. Join this fast-paced 60-minute session that outlines the basic rules for identifying potential HMDA applications and provides effective training for new employees and reinforces the importance of “getting it right” for the lending staff.  This is the first webinar of a three-part series.  Attend Parts 2 and 3 to learn more about collecting demographic information and commercial lending issues.

WHO SHOULD ATTEND?

This informative session is designed for all employees who need to understand and manage HMDA reporting, including loan operations, loan officers, loan assistants, processors, compliance officers, and auditors.

TAKE-AWAY TOOLKIT

  • HMDA flow chart and checklists
  • CFPB resource links
  • 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.

Presented By

Susan CostonisSusan Costonis
Compliance Training & Consulting for Financial Institutions
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