Top 15 Issues in HMDA Data

With the massive 2018 modifications to HMDA, many institutions are still dealing with the challenges of collecting data under the burdensome new requirements. 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 Thursday,
April 11th, 2024
Presented by Kimberly Boatwright
1h 30m total length
2 CRCM Credits
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Compliance
  • General Compliance
  • Lending Compliance
  • Risk Management/Legal
  • Compliance Officer
  • Internal Auditor
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Risk Manager

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The world of HMDA changed dramatically in 2018, first when final rules changing Regulation C required by the Dodd-Frank Wall Street Reform and Consumer Protection Act went into effect, and again when Congress passed the Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA). Now more than five years later, these changes continue to be cumbersome and challenging.

This webinar will help you gain clarification around HDMA rules, including determining if a structure is considered a dwelling, when a mixed-use property is reported as a dwelling, and how to report multifamily residential structures, such as manufactured home communities. We’ll also go in-depth on correct reporting for areas where a majority of violations occur, including failure to properly collect and report the HMDA data fields for "covered loans" as Regulation C requires, and selecting the wrong "loan purpose" field.

What You'll Learn

  • Overview of HDMA best practices and common errors
  • Clarification on reporting home improvement loans
  • Reporting requirements for construction and permanent financing vs. TRID requirements
  • Expanded clarification on temporary financing

Who Should Attend

The program is designed for loan officers, compliance officers, loan processors, 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

Top 15 Issues in HMDA Data has been approved for 2 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.