Bio:
Kathleen Blanchard has over 32 years of experience in banking. She has developed lending and regulatory processes as a banker and consultant and presents detailed regulatory training that is very process specific. Her banking background includes commercial and private banking lending, credit review, credit policy and procedures, risk management and regulatory compliance at both community, regional and large international banks.
Kathleen has been providing training and consulting services for banks, credit unions and non-bank lenders on their regulatory compliance processes, HMDA and CRA reporting, process development and training since 2006. She is a Certified Regulatory Compliance Manager and a BOL Guru for BankersOnline.com. Kathleen presents her views and advice on HMDA and CRA and other regulatory matters at her website, www.kaybeescomplianceinsights.com
Since 2015, Kathleen has been delivering in depth regulatory compliance consulting and training via The HMDA Academy, a unique personalized combination of consulting, training and resources delivered online to assist financial institutions and vendors in learning and applying the revised HMDA process and rules going into effect in 2017 and 2018.
Areas of Expertise:
AML/BSA Independent Audits
Compliance Audits
Compliance Consulting
Compliance Review
CRA
HMDA Analysis
Questions Answered
01/17/2021
Our financial institution has engaged a third-party mortgage lender to process our applications, including underwriting, on our behalf. We report these on our HMDA LAR. Our examiners are questioning this and feel the third party should report because they made the credit decisions. What should we do?
01/10/2021
If an application is reviewed by several investors and one approved and purchased the application after closing, while the others denied the application, how is this reported for HMDA?
01/10/2021
If a major home improvement loan that is classified as temporary is refinanced to allow additional time to complete the renovations, is the refinanced loan temporary?
01/03/2021
A 12-month construction loan to a consumer has been originated; the intent is to modify the loan to permanent financing. Will this loan qualify as temporary for HMDA purposes?
12/20/2020
Is a “mini-perm” reported for HMDA as permanent financing or is it excluded as temporary financing?
05/24/2020
Will a financial institution that is newly exempt from HMDA closed-end reporting stop gathering demographic data?
05/17/2020
Our financial institution did not originate 100 HMDA reportable closed-end loans in 2019 and therefore is no longer a required reporter for 2020. Can we stop collecting immediately?
05/10/2020
Should the financial institution count all transactions on its HMDA LAR for the 2 preceding calendar years to determine if it is no longer required to report for HMDA?
05/03/2020
Will the new open-end reporting threshold of 200 originated lines in each of the two prior calendar years also go into effect as of July 1, 2020?
02/23/2020
We heard that some banks would be required to submit strategic plans under the revised rule. Is this true?
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