HMDA Bootcamp Basics
June 6, 2022
Live Webinar:
DateJun 6, 2022Duration90 minutes
12:00 PM PDT01:00 PM MDT
02:00 PM CDT03:00 PM 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
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
Presented By
Compliance Training & Consulting for Financial Institutions
© 2022 FINANCIAL EDUCATION & DEVELOPMENT, INC