Top 10 HMDA Reporting Mistakes

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.

Regulators can assess civil money penalties for HMDA reporting errors and require an institution to “scrub” and resubmit data. The consequences can be expensive and time-consuming. How can you avoid these fines, penalties, and headaches? What does the HMDA data tell all prudential regulators about potential Fair Lending?


  • What are the top 10 HMDA reporting mistakes and how can you avoid making them?
  • Step by step data collection definitions and helpful tips
  • Best practices for HMDA data validation
  • 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 DATA FIELDS THAT WILL BE REQUIRED UNDER THE EXPANDED PROPOSAL MADE BY THE CFPB ON JULY 25th; it was 573 pages – learn some key proposals for changes in these five areas:
    • Coverage
    • Types of Loans
    • Expanded Data
    • Mortgage Industry standards
    • Technology tools and Electronic Reporting
  • What are some potential impacts to your Fair Lending analysis when “age” and “credit score” factors are added?


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


Susan Costonis is a compliance consultant and trainer. She frequently provides consulting services to financial institutions regarding fair lending and other compliance management issues. Her 36 year career in banking and training began with 20 years at First National Bank, an affiliate of Wells Fargo Bank, in Fort Collins, CO. Susan has been a bank compliance consultant or compliance officer in Louisiana since 1998.

During her career, Susan has successfully managed compliance programs and exams for institutions supervised by the OCC, FDIC, and Federal Reserve. She is a Certified Regulatory Compliance Manager and completed the ABA Graduate Compliance School and the Graduate Banking School of the University of Colorado. Susan regularly presents seminars to financial associations.

Credit Information

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


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

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


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.