HMDA Rules: 3-Part Series

Recorded: November 2-4th, 2021     

• Join us in November as Sterling Compliance hosts a 3-part series on the rules of HMDA, and take back to your FI, a detailed HMDA reference guide which includes procedures, a data collection checklist, and a demographic collection form, among other resources.

  November 2, 2021: Part 1, The Basics
  We will make sure you understand the basics; covering the when, what, how and why to report HMDA Data. Your learning objectives will include:

  • Regulatory Purpose and Scope
  • Institutional Coverage, including exemptions
  • Transactional Coverage, including exemptions
  • Reportable Activity
  • Reportable Data: Covering what’s required for consumer transactions, commercial transactions, and what’s not required for partially exempt institutions.
  • Recording your data on the Loan Application Register
  • Annual reporting requirements
  • Enforcement

  November 3, 2021: Part 2, Breaking Down the Data
  After covering the basics in Part 1, we will move on to Part 2 to and cover in detail the reporting requirements for each data field reported on the Loan Application Register. We will also discuss the reporting requirements for each individual data point including pain points and nuances for each, covering:

  • Formatting
  • When to report Not Applicable
  • Multiple Purpose Transactions
  • Determining what to report in various scenarios

  November 4, 2021: Part 3, Auditing Your Data
  We'll conclude the series by providing helpful tips to assist in HMDA Data auditing to ensure data integrity. During this last session we will cover:

  • Determining the appropriate type of data review
  • Determining key or high-risk data points
  • Source Documents
  • Mining for Conflict
  • Manual Scrubs

  Tools:
  HMDA Reference Guide:

  • Data Reporting Breakdown
  • Key Fields
  • HMDA Procedures
  • Data Collection Checklist
  • Demographic Collection Form
  • HMDA: Multiple Purpose Loans
  • Reporting “NA” Reference Guide
  • Action Taken Reference Guide
  • HMDA: Common Q&A
  • CFPB HMDA Resources
  Your registration includes:
• A copy of the presentation materials
• Unlimited video replay

Refund Policy:

If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.

CBANC Complaint Policy:

The goal of CBANC Education is to provide quality educational content and excellent service to our users.  If you have any questions or concerns regarding the quality of our content or service, please contact us at support@cbancnetwork.com.