HMDA Part 3: Commercial Loans
HMDA reporting can be complicated – especially when it comes to commercial loans. Do you know the difference between covered and excluded applications? What qualifies as a dwelling – or mixed-use dwelling? What demographics must be reported? This educational session will answer these questions and more, as well as exploring sticky problem areas that can lead to violations. Register today!
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Distinguish between covered and excluded applications
- Understand which structures meet the standard of being a dwelling for HMDA reporting
- Know what counts as gross annual income
- Meet the challenges of reporting demographic information
- Handle complex issues with mixed-use dwellings, which are often used as collateral for commercial loans
- 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
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 for commercial loans will be offered. Additionally, HMDA resources will be provided to improve training, identify potential reporting errors, and streamline the data integrity process.
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.
