Archive for: HMDA

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HMDA Part 3: Commercial Loans

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.

Instructor Bio

Susan Costonis, CRCM Compliance Training & Consulting for Financial Institutions

Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Costonis has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.

Registration Options

  • $279 – Live Webinar Access
  • $279 – OnDemand Access + Digital Download
  • $379 – Both Live & On-Demand Access + Digital Download
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HMDA Part 1: Application Basics

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.

Presenter: Susan Costonis, CRCM – Compliance Training & Consulting for Financial Institutions

Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Costonis has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Costonis has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.

Registration Options

  • $279 – Live Webinar Access
  • $279 – OnDemand Access + Digital Download
  • $379 – Both Live & On-Demand Access + Digital Download
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HMDA and Its Data Points

Bankers have always struggled with HMDA reporting. And changes over the last few years have made the HMDA rules even more difficult to understand.

In 2018, the CFPB doubled the number of reportable data points. A subsequent rule makes smaller banks “partially exempt” from the increased reporting requirement, but the rule can be difficult to understand. And very recently, the threshold for closed-end loans has decreased from 100 to 25, catching smaller banks off guard. It’s all so confusing. And even if the bank understands the basic HMDA rules, the detailed requirements for reporting can be difficult to understand. In this webinar, we’ll address the troublesome applicability issues and then explain the more difficult aspects associated with the data points . . . like reporting when there are multiple properties. We’ll provide registrants with a colorful, easy-to-read booklet containing explanatory charts, helpful Lender Worksheets, and an Input Worksheet for collecting LAR data. If the HMDA-reporting rules apply to your bank, you’ll find this explanatory webinar quite helpful.

What You’ll Learn

  • The Multiple Property Rule
  • Temporary-financing loans
  • Multifamily dwellings
  • HOEPA loans
  • Loan purpose
  • Property value
  • Multifamily Affordable Units

Who Should Attend?
This is a great webinar for lenders, processors, and compliance officers dealing with HMDA.

Presenter
For over forty years, Anne Lolley has been simplifying compliance issues for bankers. After earning her law degree from the University of Kansas, she joined the Kansas Bankers Association, where she developed its successful legal department and gave compliance-related seminars. She has been a compliance officer for two banks and currently works with Bank Consulting Services, where she continues to provide webinars to Kansas bankers. Her expertise at simplifying the complex and creating user-friendly reference manuals has made her a popular instructor.

Registration Options

  • Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $279
  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + CD  + $140
    • Additional Live Access + $75 per person
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2022 HMDA Submission Due March 1, 2023: Updates, Challenges, & Real-Life Examples

Confused about HMDA reporting? You’re not alone. The real-life examples used in this timely webinar will help clarify the confusion on the top five issues — before the March 1 reporting deadline.

After This Webinar You’ll Be Able To:

  • Submit the 2022 data with added confidence and improved data integrity
  • Effectively use the HMDA resources in the CFPB’s 2022 FIG (Filing Instructions Guide)
  • Interpret 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 challenge for many financial institutions. Most importantly, this public data can be scrutinized for potential discriminatory practices that can challenge your financial institution’s reputation. Join this fast-paced webinar to learn about issues that challenge HMDA reporters and receive valuable tools to submit your 2022 HMDA data by March 1, 2023. The presentation will include citations, tips, and real-life examples. You will learn important information about the causes of reporting errors, including these top five issues:

  • Secondary market reporting rules
  • Dwelling definitions and mixed-use property scenarios
  • Demographic information collection tips
  • Reporting tips for applications made in the commercial loan area
  • Data integrity challenges — submission and resubmission steps

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, fair lending officers, IT support staff, and auditors.

Take-Away Toolkit

  • HMDA worksheets and flow chart for 2022 activity, including updated resources from the CFPB
  • Lists of data fields for each data point
  • Helpful HMDA compliance resources, including checklists for submission and fair lending considerations
  • 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.

Presenter
Susan Costonis, CRCM – Compliance Training & Consulting for Financial Institutions
Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Costonis has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Costonis has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.

Registration Options

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $350 – Both Live & On-Demand Access + Digital Download
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HMDA A–Z Seminar All Day Streaming

HMDA compliance is tough! With all the data you are required to collect and report, there are bound to be mistakes. You can’t rest easy though, because too many errors can lead to civil money penalties. This webinar will take a look at HMDA from beginning to end and everything in between. This is a great opportunity to take an in-depth look at HMDA get your HMDA compliance on the right track!

What You’ll Learn

  • Who is Subject to HMDA?
  • What Applications are Subject to HMDA?
  • What’s a Dwelling?
  • How and When to Collect Demographic Information
  • What Data is Reported and When?
  • Risk Mitigators, Controls and Tips to Help you Succeed!
  • Your Questions, Plain English Answers, & Much More!

Who Should Attend
This webinar is for loan officers, loan processors, compliance, audit and other loan operations personnel.

Instructor Bio

David Dickinson‘s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.

He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. Dickinson is on the faculty of the Center for Financial Training, the American Bankers Association National Compliance Schools, and is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM), and has been a BankersOnline Guru for many years. The American Bankers Association honored Dickinson with their Distinguished Service Award in 2016.

Dickinson and his wife, Karen, have 3 adult children and 2 grandsons (none of whom live at home!) and 3 cats (of which Dave is allergic — the cats, not the children!). They live on a lake in Nebraska and when possible, he can be found fishing or making sawdust in his shop. Dickinson plays the guitar & piano and enjoys singing with Karen. They occasionally lead worship at their church.

Registration Options

Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts $1049

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Best-Ever Compliance Checklists for Commercial Loans

Don’t let compliance traps trick you – discover the best practices for business-entity documentation, underwriting documents, guarantors, and security interests to ensure your success!

Several compliance-related laws apply to commercial loans as well as consumer loans. This colorful checklist, patterned after the popular Best-Ever Consumer Checklists, will guide bankers through those compliance traps and ensure compliance. In addition to addressing compliance issues, this checklist (and the accompanying information) will provide “best practice” suggestions and reminders that commonly apply to commercial loans. We’ll include information on business-entity documentation, underwriting documents, guarantors and security interests.

Covered Topics

  • HMDA
  • Customer identification
  • Environmental risk analysis
  • Appraisals and evaluations
  • Adverse action
  • Providing copies of appraisals
  • Intent to apply for joint credit
  • Flood insurance

Who Should Attend?

Lenders, loan processors, compliance officers and loan review personnel.

Instructor Bio
For over forty years, Anne Lolley has been simplifying compliance issues for bankers. After earning her law degree from the University of Kansas, she joined the Kansas Bankers Association, where she developed its successful legal department and gave compliance-related seminars. She has been a compliance officer for two banks and currently works with Bank Consulting Services, where she continues to provide webinars to Kansas bankers. Her expertise at simplifying the complex and creating user-friendly reference manuals has made her a popular instructor.

Registration Options

  • Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $279
  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + CD  + $140
    • Additional Live Access + $85 per person
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State of HMDA in 2023

We’re now a few years into the new age of HMDA — increased coverage requirements, data collection, and submission, as well as risk. How are you doing with all this? The rules regarding reporting thresholds are in flux for small banks as a result of a recent federal court decision, so we’ll have to wait for the outcome there. But for 2022’s submission season, it’s the same as in years past. In this webinar, we’ll review all the pain points of HMDA, including actions taken and a variety of data points. We’ll also address a number of questions — What will examiners be looking at it? What are the fair lending issues and risks you need to be aware of after submission? We’ll discuss the current state of HMDA so close to submission in this session, and get some of your questions answered.

Covered Topics

  • Rules around thresholds and data elements, including legal challenges and what to do if you’re caught in the middle
  • Private vs. public data
  • Details of the coverage rules – who collects and submits information, and when
  • What types of applications are reportable?
  • The dwelling-secured loan standard – what does this impact?
  • Effects in the commercial loan area
  • How to handle HELOCs
  • LAR fields, including common errors and pain points
  • Categories of reporting, including information on the property, loan type, and loan features; plus identification information
  • Reporting GMI
  • Changes to the submission process
  • Quarterly reporting for some institutions
  • How the public obtains HMDA information changes
  • Practical and compliance implications

Who Should Attend?
Loan officers, managers, and processors, compliance and fair lending officers, auditors, counsel, and anyone else with HMDA-related responsibilities, including data collection, reporting, analysis, and disclosure.

Presenter
Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Managing Director for Treliant LLC in Washington, D.C. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Registration Options

Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts $279

  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + Digital Download +$140
    • 12 Months OnDemand Playback + CD + $140
    • Additional Live Access + $75 per person
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HMDA Reporting Part 2: Collecting Demographic Information

Do you know what details to gather when a loan is subject to HMDA? Do the requirements vary by application type?

Part 2 of this three-part series will focus on key HMDA terms and demographic collection, including proper documentation, collection methods, reporting requirements, the implications of different application types, and more!

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Use the toolkit resources to successfully complete complex demographic information collection
  • Define the terms ethnicity, race, and gender
  • Explain the collection process to employees and accountholders
  • Distinguish between the requirements for various application channels
  • Understand the importance of collecting and reporting accurate information

WEBINAR DETAILS

The Home Mortgage Disclosure Act (HMDA) is a complex and data-driven process. The CFPB has issued FAQs (frequently asked questions – and answers) on multiple topics to clarify the correct codes and collection process. This webinar will provide effective training to help both new employees and experienced staff correctly document the demographic information based on the various types of application submissions. These methods include in-person, phone, internet, and “hybrid” submissions.
Attend all the webinars in this three-part series to gain a broader understanding of HMDA applications, demographic collection, and related commercial loans.

TAKE-AWAY TOOLKIT

Step-by-step data collection definitions and important tips 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

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.

ABOUT THE PRESENTER – Susan Costonis, CRCM
Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.

REGISTRATION OPTIONS

Live Webinar – $279
Recorded Webinar and Digital Download – $279
Live Webinar, Recorded Webinar and Digital Download – $379

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