A full-day seminar providing a comprehensive review of the requirements of the Home Mortgage Disclosure Act and the Federal Reserve Board’s Regulation C. Whether you are new to HMDA or have been reporting for years, you will benefit from this seminar’s practical, “real world” approach to HMDA compliance.
HMDA continues to pose challenges to both novice and experienced reporters. With increased regulatory scrutiny of HMDA data for fair lending purposes and the potential penalties associated with errors, it is crucial for an institution’s HMDA data gathering and reporting process to be precise.
Here is what you will learn:
- Key definitions, coverage and exemptions related to HMDA
- “What goes where and why” for each entry on the Loan/Application Register
- Proper lobby notices and requirements for making HMDA data available to the public
- Important FAQs and other tools available from the FFIEC
- Why and how HMDA data is used during the fair lending review process
- Common problem areas in HMDA, including the definition of refinance or temporary financing, and the difference between the Rate Spread and the HOEPA calculation
The Mastering HMDA seminar provides a comprehensive discussion of the regulation and explanations of common errors and problem areas. Throughout the presentation, the instructor discusses relevant FAQs (Frequently Asked Questions), published by the regulators and questions received from PBS’ call-in service. The seminar provides the attendee the opportunity to get answers to real world situations.
Who Should Attend
Anyone involved in HMDA data collection and/or reporting will benefit from this program. Loan processors, trainers, compliance officers and auditors will also find this seminar to be informative. No advance preparation is required.
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