“Keeping up” is the most common training goal for compliance and lending personnel. Since the late 1960’s, the steady stream of new consumer laws and regulations has been continuously supplemented by revisions of previously issued regulations.
It seems that we get changes to HMDA and/or Regulation C every year. The changes keep adding to the challenge of fully complying with the requirements of the law and regulation.
The current HMDA rule has been in effect for over 5 years – since 1/1/2018 - yet questions constantly arise, even from experienced compliance officers.
The 2018 modifications to HMDA were massive and many financial institutions are still dealing with the challenges of collecting data under the burdensome new requirements.
Recorded on October 25, 2022
Improving HMDA Knowledge and Year-End LAR Preparation
Software, including the CFPB platform edits, can identify many errors. However, those are not the only errors that can occur. Many HMDA fields, and data in your loan operating system that drives those fields, are dependent upon human decisions.
Understanding the differences in applications for HMDA, Regulation B and TRID (Regulation Z) is key to correct handling and reporting and streamlining the reporting process.
This two-hour webinar provides insight into the murky areas of HMDA which may result in the failure to report the appropriate loans on the LAR or errors in reported data fields.
Recorded on January 26, 2021
Temporary Financing – Making Sense of the HMDA Rules
Queries about temporary financing are some of the most frequent HMDA questions asked. This one-hour webinar will walk you through everything you need to know about HMDA’s temporary financing rules.