2020 HMDA Submission Due March 1, 2021: Challenges & Best Practices

(90-minute webinar – recording also available)

Wednesday, January 13, 2021

12:00 PM Pacific          1:00 PM Mountain

2:00 PM Central           3:00 PM Eastern

It’s time once again to gather last year’s HMDA data to report by March 1.  Although somewhat routine, it’s not “old hat.”  HMDA reporting can be challenging, and mistakes can be costly.  This webinar will provide the information needed to fine-tune your HMDA reports. 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Submit the 2020 data with added confidence and improved data integrity
• Effectively use HMDA resources in the CFPB’s 2020 FIG (Filing Instructions Guide)
• Grasp several confusing issues, such as what is and isn’t a dwelling, mixed-use property scenarios, and complex demographic information collection
• Explain how to handle quality edits
• Understand clarifications for complicated data points

WEBINAR DETAILS

HMDA reporting continues to be a challenging and potentially expensive endeavor for many financial institutions.  One of the 10 largest HMDA lenders was fined $1.75 million for multiple years of inaccurate reporting.  This fast-paced webinar will include citations, tips, real-life examples, tools for submitting 2020 HMDA data by the March 1, 2021, deadline, and these top 10 HMDA reporting challenges:

• Secondary market reporting rules
• Tricky temporary financing issues, exemptions, and renewals of temporary financing
• Correct gross annual income reporting
• Dwelling definitions and mixed-use property scenarios
• Demographic information collection dos and don’ts
• Reporting tips for commercial loan applications
• Data submission challenges with quality edits
• Technical issues, such as keeping software updated and using the right browser
• Tips to effectively use the 2020 FIG
• Data integrity challenges – submission and resubmission steps 

WHO SHOULD ATTEND?

This informative session is designed for staff involved with HMDA reporting, including loan operations personnel, loan officers, loan assistants, processors, compliance officers, fair lending officers, IT support staff, and auditors. 

TAKE-AWAY TOOLKIT

• HMDA worksheets and flowchart for 2020 activity, including updated CFPB resources
• Lists of data fields for each data point
• Step-by-step data collection definitions and important tips to avoid mistakes
• HMDA compliance resources, including submission and fair lending checklists
• Employee training log
• Interactive quiz

DON’T MISS THESE RELATED WEBINARS!

HMDA Reporting Part 1: Application Basics

on Monday, September 27, 2021

HMDA Reporting Part 2: Collecting Demographic Information

on Wednesday, October 27, 2021

HMDA Reporting Part 3: Commercial Lending Issues

on Tuesday, November 9, 2021 

     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.

THREE REGISTRATION OPTIONS – WHAT YOU GET

1. Live Webinar Includes

• Unlimited connections within your institution to the Live Webinar
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Presenter’s contact info for follow-up 

2. Recorded Webinar Includes

• Recording of the Live Webinar
• Available two business days following Live date
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Free Digital Download, yours to keep
• Share link with anyone at your institution
• Presenter’s contact info for follow-up

3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.

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.

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE