HMDA Part 3: Commercial Loans

Compliance Lending

On-Demand Webinar:

StreamedOct 26, 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

See Registration Options

Do you know which commercial loans are subject to HMDA?

What are the determining factors? What is a dwelling? What about mixed-use dwellings? Have you had reporting violations? Part 3 of this three-part series will focus on HMDA-related commercial loans, reporting compliance, demographic reporting challenges, and more! Scenarios will be used to illustrate key points.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Identify common reporting problems for commercial loan applications
- Distinguish between covered and excluded applications
- Which structures meet the standard of being a dwelling for HMDA reporting?
- What counts as gross annual income?
- Demographic reporting challenges
- Complexities with mixed-use dwellings which are often used as commercial loan collateral
Use the CFPB and FFIEC HMDA resources more effectively
Define the correct loan purpose
Explain complex HMDA scenarios to lending staff, including new employees

WEBINAR DETAILS

The Home Mortgage Disclosure Act (HMDA) applies to some commercial loans. This webinar will offer a review of the fundamental requirements specific to commercial loan applications, while focusing on the common problem areas that can create reporting violations. Real-life examples and HMDA resources will be referenced to improve training, identify potential reporting errors, and help streamline the process to verify data integrity. Attend all the webinars in this three-part series to gain a broader understanding of HMDA applications, demographic collection, and related 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, commercial loan officers, loan assistants, processors, compliance officers, and auditors.

TAKE-AWAY TOOLKIT

HMDA flow chart for 2023 activity, including updated CFPB resources
Tool for gathering demographic Information
Step-by-step data collection definitions and important reporting tips
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.