Webinar

HMDA Reporting Mistakes: Will you be ready for the March 1, 2014 Deadline?

The FDIC fined 49 banks under their supervision with civil money penalties that totaled $446,700 in 2012 for HMDA reporting violations.

The FDIC fined 49 banks under their supervision with civil money penalties that totaled $446,700 in 2012 for HMDA reporting violations; the fines ranged from &1,500 to $60,000. The fines were less for FDIC banks in 2013; 3 banks totaling $39,500. However, the 2013 total fines were $513,500 after the CFPB fined Mortgage Master $425,000. What did they do wrong? How can you avoid these fines, penalties, and headaches? What does the HMDA data tell all prudential regulators about potential fair lending?

The objectives for this webinar will cover the basic requirements for accurate HMDA data collection. Learn how to use the “HMDA Getting it Right Guide” and other tools that will help streamline your efforts and detect potential reporting errors.

Highlights

  • Step by step data collection definitions and helpful tips
  • Best practices for HMDA data validation
  • FDIC updated HMDA exam procedures February 2013 with “error rate calculations” for Key Data Fields; the key data fields will be reviewed in this session.
  • Helpful HMDA compliance resources including checklists and a matrix to track errors
  • Overview of HMDA data analysis process for Fair Lending purposes
  • PREVIEW OF THE ADDITIONAL 14 DATA FIELDS THAT WILL BE REQUIRED UNDER THE EXPANDED REQUIREMENTS OF SECTION 1094 OF THE DODD-FRANK FINANCIAL REFORM ACT.
  • What happens to your Fair Lending analysis when “age” and “credit score” factors are added

Audience

Loan Operations, Loan Officers and Loan Assistants, Compliance Officers, Fair Lending Officers, and Auditors.

Speaker

Susan Costonis is a compliance consultant and trainer. She specializes in compliance management along with deposit and lending regulatory training. Most of her 35-year career was spent as a banker in several areas including lending, marketing, compliance, and senior management. Susan has written numerous training manuals and successfully managed compliance programs and exams for institutions supervised by the OCC, FDIC, and Federal Reserve. She is a Certified Regulatory Compliance Manager, 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.

Credit Information

Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 hrs.

Pricing

Either Live or 6-Month On-Demand Webinar: $255

Both Live and 6-Month On-Demand Webinar: $355

Registration

Online: Click here.

Phone: Call Total Training Solutions at (800) 831-0678

Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.

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