2024 HMDA Submission Due March 1, 2025: Updates, Challenges & Real-Life Examples
Tick tock! Every year like clockwork, HMDA data must be submitted by March 1. Do you have the tools needed to gather and provide the necessary details? Are you confident in your data’s integrity? Are you ready for the public scrutiny it may bring? This timely webinar will provide helpful tools and address the top 10 issues that can perplex HMDA reporters.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Submit the 2024 data with added confidence and improved data integrity
- Effectively use the HMDA resources found in the CFPB’s 2024 FIG (Filing Instructions Guide)
- Define several confusing issues, such as what is 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 question your financial institution’s reputation. Join this fast-paced webinar to learn about the top 10 issues that cause HMDA reporters confusion and receive valuable tools to submit your 2024 HMDA data by March 1, 2025. The presentation will include citations, tips, and real-life examples. You’ll also learn important information that can cause 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 and submission and resubmission steps
WHO SHOULD ATTEND?
This informative session is designed for all staff who need to understand and manage HMDA reporting, including loan operations personnel, loan officers, loan assistants, processors, compliance officers, fair lending officers, IT support staff, and auditors.
