HMDA Review & Update
For those of you working to meet the March 1 submission date - this on-demand webinar is for you!
Most HMDA-reporting banks spend considerable time “scrubbing” HMDA data in preparation. This program will help you get the job done.
While the world of the Home Mortgage Disclosure Act (HMDA) is about to undergo major changes, creditors cannot afford to lose focus on the basic requirements of Regulation C that remain in effect until January 1, 2018. HMDA-reporting banks spend considerable time in January and February of each year “scrubbing” HMDA data before the March 1 submission date. This webinar is designed to get you ready for the task.
Errors can result from the failure to report a covered loan, reporting a loan that is not reportable and miscoding data on reported loans. Regulators continue to report significant error rates for HMDA data. Penalties may be imposed for such errors. This program reviews data collection and reporting rules, common problems that occur when collecting and reporting the HMDA data, and issues related to the public disclosure of the information.
- A thorough explanation of which institutions are covered by HMDA and Regulation C;
- A review of which loans are and are not reportable;
- Detailed information on how to complete the LAR;
- Clarification of the handling of secondary market and broker transactions;
- Detail on the data submission and public availability requirements; and
- Steps to identify and eliminate reporting errors and thereby avoid penalties.
The existing rules continue, largely unchanged, through the end of the 2017 reporting cycle on March 1, 2108. This program covers the basic rules of HMDA and Regulation C. It provides the information needed to assure accurate reporting of HMDA data. Participants receive a detailed manual that serves as a handbook long after the program is completed.
Loan officers, compliance officers, loan processors and clerks and auditors. Whether you are new to the requirements or a seasoned veteran, this program provides a comprehensive review of HMDA and Regulation C.
Jack Holzknecht, CRCM, is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 39 years. Jack’s career began as a federal bank examiner. He also headed the form and software division of a regional consulting company. He has developed and presented training programs to bankers in 43 states. He also developed and delivered training for the FDIC.
Kelly M. Owsley, CRCM, is Director of Training Services for Compliance Resource, LLC. Since 2000, she has worked for financial institutions ranging in asset size from $250 million to $3 billion. Kelly has worked in branch management, lending, product development and training. Recently, she served as VP of Compliance for a community bank where she was responsible for implementing and training all compliance related topics.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hours/session
Member price: $275.00 | Non member price $550.00
Member price: $295.00 | Non member price $560.00
Online: Visit the CBA Webinar Catalog
Mail: Click here and mail completed form with check payable to ConferenceEdge to: (Mail at least 10 days prior to event)
1516 Xavier St., Ste 500, Denver, CO 80204
Phone: Call ConferenceEdge at (877) 988-7526 (credit card payments only)
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