HMDA Part 1: Application Basics
On-Demand Webinar:
StreamedSep 13, 2023Duration60 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
How do you know if a loan application is covered by HMDA?
Part 1
of this three-part series will focus on HMDA applications, including how to
define them, dwelling types, using HMDA resources, demographic information
requirements, components of a completed application, and more!
AFTER
THIS WEBINAR YOU’LL BE ABLE TO:
- Determine if an application will be covered by HMDA using a simple four-step process to define loan purpose, dwelling security interest, extensions of credit, and exclusions
- Effectively use HMDA resources from the CFPB
- Define various types of dwellings that will trigger a HMDA application
- Explain the need to collect applicants’ 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
applications secured by a dwelling. Reporting mistakes can result in civil
money penalties and regulatory headaches. Join this fast-paced session that outlines
the basic rules for identifying potential HMDA applications, provides effective
training for new employees, and reinforces the importance of “getting it right”
for lending staff. Attend all the webinars in this three-part series to gain a
broader understanding of HMDA applications, demographic collection, and
commercial loans.
WHO SHOULD ATTEND?
This informative session
is designed for all employees who need to understand and manage HMDA reporting,
including loan operations staff, loan officers, loan assistants, processors,
compliance officers, and auditors.
TAKE-AWAY TOOLKIT
- HMDA flowchart 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 institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
Compliance Training & Consulting for Financial Institutions
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