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HMDA Essentials

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. Participants receive a detailed manual that serves as a handbook long after the program is completed.

OnDemand
Recorded Tuesday,
March 14th, 2023
Presented by Kimberly Boatwright
2h total length
2.5 CRCM Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Compliance
  • General Compliance
  • Lending
  • Lending Compliance
  • Mortgage Lending
  • Risk Management/Legal
  • Community Reinvestment Act Officer
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Internal Auditor
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Risk Manager

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Financial institutions have settled into the 2018 HMDA revisions. The world of HMDA has changed in a dramatic fashion. On April 16, 2020, the Consumer Financial Protection Bureau (CFPB) published a final rule amending Regulation C to set the thresholds for reporting data about:

  • Closed-end mortgage loans, so that institutions originating fewer than 25 closed-end mortgage loans in either of the two preceding calendar years will not have to report such data effective July 1, 2020.
  • Open-end lines of credit at 200 open-end lines of credit effective January 1, 2022, upon the expiration of the temporary threshold of 500 open-end lines of credit.

What You'll Learn

  • A thorough explanation of which institutions are covered by HMDA and Regulation C
  • A review of which loans are and are not reportable
  • Detailed information on how to complete the LAR
  • Information regarding amendments related to the collection of ethnicity, race, and sex of applicants and borrowers
  • Detail on the data submission and public availability requirements

Who Should Attend

The program is designed for loan officers, compliance officers, loan processors and clerks and auditors.

Kimberly Boatwright

Instructor Bio

Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC, and has more than two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC, and consumer compliance. During her career, she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.

Continuing Education Credit Information

HMDA Essentials has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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