Deadline July 1, 2020:
HMDA Final Rule on
Closed-End Loan Data Collection & Reporting
(90-minute webinar – recording also available)
Friday June 5, 2020
This is a morning webinar
8:00 AM Pacific 9:00 AM Mountain
10:00 AM Central 11:00 AM Eastern
Do you know what HMDA reporting is required before and after this mid-year transition? Even in the midst of pandemonium, reporting is still required. Ensure you know what the rules are before the July 1 deadline – it just might be good news for your institution!
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand the impacts of the July 1, 2020, changes to the reporting threshold for closed-end loans subject to HMDA reporting
- Employ a tool for collecting demographic information based on whether the application was made in-person, by mail, or by phone
- Distinguish what activity is recorded in the first quarter of 2020 and NOT recorded in the second quarter, if your institution is excluded under the revised threshold
- Explain how and when demographic information must be requested under Reg B
- Determine which applications remain subject to HMDA reporting
- Identify common reporting challenges
WEBINAR DETAILS
In the midst of the COVID-19 pandemic, the CFPB delivered some good news for financial institutions. Effective July 1, 2020, the final rule amends HMDA to increase the permanent threshold for collecting and reporting data on closed-end mortgage loans from 25 to 100 originated loans. This will significantly reduce the number of smaller filers who are originating fewer than 100 closed-end HMDA reportable loans. Attend this webinar and learn the impacts of the revised rules. It is important to understand that collecting demographic information is not a requirement exclusive to HMDA, and institutions should continue to collect information as required by the Equal Credit Opportunity Act (Regulation B) for the purchase and refinance of a borrower’s principal residence.
WHO SHOULD ATTEND?
This informative session is for staff who manage HMDA reporting, including loan operations staff, loan officers, loan assistants, processors, compliance officers, and auditors.
TAKE-AWAY TOOLKIT
- HMDA flow chart for 2020 activity, including updated resources from the CFPB
- HMDA key data fields
- Action taken chart
- Tool for collecting demographic information
- HMDA compliance resources
- Employee training log
- Interactive quiz
DON’T MISS THESE RELATED WEBINARS!
Common HMDA Violations & Challenges
on Tuesday, March 10, 2020
HMDA: Still a Four-Letter Word?
on Wednesday, July 15, 2020
 MEET THE PRESENTER-Susan Costonis, CRCM, Compliance Consulting and Training for Financial Institutions
Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, 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 and “translates” complex regulations into simple concepts by using humor and real-life examples.
Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
THREE REGISTRATION OPTIONS
- LIVE WEBINAR
The live webinar option allows you to have unlimited internet connections. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com. For upcoming webinars, click here.
- RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 2 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.
- BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Options 1 and 2 described above.
AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE
|
