HMDA Part 2: Demographic Collection
Borrowers can be sensitive about providing personal information. However, demographic data must be collected for mortgage loan applications covered by HMDA. Do you have a firm grasp on what elements need to be gathered? Join this fact-filled session to learn how to use the toolkit resources to successfully complete complex demographic information collection.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Define the terms of ethnicity, race, and gender information
- Explain the collection process to employees and customers
- Distinguish between the requirements for various application channels
- Understand the importance of collecting and reporting accurate information
WEBINAR DETAILS
Home Mortgage Disclosure Act (HMDA) compliance is a complex, data-driven process. The CFPB has issued multiple FAQs to clarify the correct codes and collection process. This webinar will provide effective training to both new employees and experienced staff on correctly documenting demographic information based on the various types of application submissions, including in-person, phone, internet, and “hybrid” submissions.
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.
