HMDA Seminar OnDemand with Live Streaming
Attend the HMDA Seminar from the convenience of your own office or home via Live Streaming Video as it happens on Tuesday, December 14th (9:00 am – 4:00 pm Central Time), or at your own convenience with 6 months of OnDemand playback.
We’re about at that time of year again – HMDA data collection, verification, and preparation for submission. But the last few years have seen some pretty extensive expansions and other developments in HMDA that make data collection and submission more challenging than ever. Plus with the new administration and its focus on fair lending-related issues, enforcement of data accuracy issues will be at an all-time high.
How are you doing with all this? For 2021’s submission season, it’s essentially the same set of rules as 2020, but we’ve learned a lot over the past few years. In this full-day streaming session we’ll cover HMDA from beginning to end, including a review of all the pain points of HMDA, including exceptions, action taken, dates, loan factors and various other data points. We’ll provide plenty of links and resources to make the process easier, and we’ll address a number of questions, especially the tough ones: What data fields are most problematic? What is most commonly done incorrectly? 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.
Final rules around thresholds and data elements – Who should report?
Private vs. public data
Details of the coverage rules – who collects and submits information, and when
What types of loans and lines of credit are reportable
The dwelling-secured loan standard – what does this impact? And what is a “dwelling”? Differences from Reg. Z
Effects in the commercial loan area
How to handle HELOCs
LAR fields – many data requirements and tricky ones
Categories of reporting, including information on the property, loan type, and loan features; plus identification information
Collecting and reporting GMI – dependent on channel
The submission process
Quarterly reporting for some institutions
How the public obtains HMDA information and its impact on fair lending risk
Practical and compliance implications
Fair lending impacts – what should you be looking at?
Key field guidance
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.
Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Managing Director for Treliant Risk Advisors in Washington, DC. 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.
OnDemand with Live Streaming – $995