Bank Webinars - Total Training Solutions, Inc.

Alabama Bankers Association

Recorded Tuesday, November 4th, 2008
The Home Mortgage Disclosure Act (HMDA) is normally one of the more difficult regulations with which to comply. Singling out what types of applications are reportable is difficult enough. In addition, the potential for data integrity issues are high, and regulators are increasingly intolerant of violations. In recent years, new complexities have been introduced, including revised definitions to consider and additional data elements to report on your LAR. Examiners and community groups are more vigilant than in the past. Make sure you're reporting everything you should be and are doing so correctly.

Clear definitions of the application types that are covered and reportable under HMDA
Clarified definitions, including home improvement loan, refinance, and prequalification
What is temporary financing?
Discussion of the Broker Rule - when someone else makes the credit decision
What information is collected and reported on the HMDA-LAR? When and how do you get that information?
Making sure data elements are reported correctly on the LAR
Common errors
How to report rate spreads and HOEPA status: important distinctions
And more

Plus frequent question and answer sessions throughout this presentation.

Anyone with HMDA responsibilities should attend this webinar, including residential loan officers, technology professionals with data integrity and LAR preparation responsibilities, compliance officers, auditors, and managers.

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who works in Lending Compliance for a large financial institution in Ohio. Prior to this, Carl was a manager in the Finance & Performance Management service line for Accenture. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

$245.00

Post-Webinar

Recording only

Unlimited playback & materials. If you were unable to attend the regularly scheduled event, but are interested in the topic, you can purchase the recorded version. You will receive a web address for online viewing and an audio CD and handouts for offline viewing.