Thursday
Jan 14
2021

2020 HMDA Submission Due March 1, 2021: Challenges & Best Practices

Registration Options & Pricing

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Live Webinar Includes

  • Unlimited Connections to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Presenter’s Contact Info for Follow-Up

Recorded Webinar Includes

  • Recording of the Live Webinar
  • Can be viewed anytime 24/7, beginning 2 business days after the webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up
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10:00 am – 11:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

It’s time once again to gather last year’s HMDA data to report by March 1. Although somewhat routine, it’s not “old hat.” HMDA reporting can be challenging, and mistakes can be costly. This webinar will provide the information needed to fine-tune your HMDA reports.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Submit the 2020 data with added confidence and improved data integrity
  • Effectively use HMDA resources in the CFPB’s 2020 FIG (Filing Instructions Guide)
  • Grasp several confusing issues, such as what is and isn’t 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 challenging and potentially expensive endeavor for many financial institutions. One of the 10 largest HMDA lenders was fined $1.75 million for multiple years of inaccurate reporting. This fast-paced webinar will include citations, tips, real-life examples, tools for submitting 2020 HMDA data by the March 1, 2021, deadline, and these top 10 HMDA reporting challenges: 

  • Secondary market reporting rules
  • Tricky temporary financing issues, exemptions, and renewals of temporary financing
  • Correct gross annual income reporting
  • Dwelling definitions and mixed-use property scenarios
  • Demographic information collection dos and don’ts
  • Reporting tips for commercial loan applications
  • Data submission challenges with quality edits
  • Technical issues, such as keeping software updated and using the right browser
  • Tips to effectively use the 2020 FIG
  • Data integrity challenges – submission and resubmission steps

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This informative session is designed for staff involved with 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 2020 activity, including updated CFPB resources
  • Lists of data fields for each data point
  • Step-by-step data collection definitions and important tips to avoid mistakes
  • HMDA compliance resources, including submission and fair lending checklists
  • Employee training log
  • Interactive quiz

DON'T MISS THESE RELATED WEBINARS!

"HMDA Reporting Part 1: Application Basics"
Tuesday, September 28, 2021

"HMDA Reporting Part 2: Collecting Demographic Information"
Thursday, October 28, 2021

"HMDA Reporting Part 3: Commercial Lending Issues"
Thursday, November 11, 2021

 

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

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