2018 HMDA Submission Due March 1, 2019 Part 1:
Identifying Reportable Loans, Data Integrity & FIG Analysis
Webinar OR Recorded Webinar + Free Digital Download
Tuesday, January 15, 2019
12:00 pm – 1:30 pm Pacific
1:00 pm – 2:30 pm Mountain
2:00 pm – 3:30 pm Central
3:00 pm – 4:30 pm Eastern
It’s been a challenging year for HMDA reporters. Complex new rules were effective January 1, 2018, followed by the CFPB’s procedural rule issued August 31, 2018. The new rule allows partial exemptions of selected HMDA data fields for small volume institutions. It is critical to understand the rules and be prepared to file an accurate submission of 2018 activity by the March 1, 2019, deadline.
This is Part 1 of a two-part series. Part 1 will focus on correctly identifying reportable loans, steps for data integrity, and tips for understanding the Filing Instructions Guide (FIG). Join us to learn more about data fields, data scrubbing, common mistakes, and reporting accuracy.
- Reportable loan criteria: four steps to confirm that all reportable loan applications have been identified
- Understanding which applications are not reportable is equally important and will be covered
- Detailed steps for completing the data fields of the LAR (Loan Application Register)
- Challenges with new and revised data fields, including demographic information and many of the underwriting results
- Practical suggestions for “scrubbing” data
- Common reporting mistakes and practical tips for managing the process
- FIG overview – the 174-page guide explains the submission process and data and file specifications
- TAKE-AWAY TOOLKIT
- HMDA worksheets and flow chart for 2018 activity, including updated CFPB resources
- List of data fields for each data point
- Step-by-step data collection definitions and how to avoid mistakes
- HMDA compliance resources, including submission checklists and fair lending considerations
- Employee training log
- Quiz to measure staff learning and a separate answer key
DON’T MISS PART 2!
This program is the first of two in a series
2018 HMDA Submission Due March 1, 2019, Part 2:
Requirements, Clearing Edits, Exempt Fields & More
on Wednesday, January 23, 2019
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND?
This informative session is designed for loan operations staff, loan officers, loan assistants and processors, compliance officers, fair lending officers, IT support staff, and auditors.
Please note: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.
ABOUT THE PRESENTER – Susan Costonis, CRCM, Compliance Consulting and Training for FIs
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
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.
1. LIVE WEBINAR
The live webinar option allows you to have one internet connection from a single computer terminalYou may have as many people as you like listen and watch from your office computer. Registrants receive a website address and passcode that allows 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 prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com.
2. 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 6 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.
The recorded webinar may ONLY be ordered for 6 months following the live webinar. In addition, the download must be completed within 6 months of the live webinar date.
3. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Options 1 and 2 described above.
AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE