WEBINAR

HMDA Data – Trust But Verify Webinar

CFT Credits: 0.25

Ensuring the accuracy of Home Mortgage Disclosure Act (“HMDA”) data has always been a challenge and the challenges for 2018 will be even greater. This webinar will focus on ways to effectively review and ensure the accuracy of your HMDA data and avoid regulatory issues and resubmissions.

Webinar Description and Intended Audience

Ensuring the accuracy of Home Mortgage Disclosure Act (“HMDA”) data has always been a challenge and the challenges for 2018 will be even greater. This webinar will focus on ways to effectively review and ensure the accuracy of your HMDA data and avoid regulatory issues and resubmissions.

Regulators expect HMDA data to be accurate and they expect bankers and mortgage lenders to implement a system of policies, procedures, training, and ongoing monitoring to confirm its accuracy. Leveraging technology to perform ongoing periodic reviews of HMDA data can help manage that risk and help ensure the accuracy of your HMDA data. Assuring HMDA data integrity, whether manually or through systemic data integrity testing should be an integral part of the ongoing monitoring process.

The accuracy and completeness of HMDA data is also critical to understanding where and to whom loans are being made to manage fair lending risk and to ensure compliance with HMDA. Regulators continue to scrutinize lenders and inaccurate data can lead to costly file reviews, resubmissions, fines, and civil money penalties.

Covered Topics:

  • What should your HMDA management system consist of and what will regulators be looking for?
  • Three lines of defense – roles and responsibilities of the business unit, compliance department and audit function regarding HMDA data accuracy.
  • How will the regulators audit your HMDA data going forward?
  • Manual and Systemic File Reviews – The Pros and Cons of each and what method is right for your situation?
  • Manual File Review – What to consider when completing a manual file review and some of the common issues.
  • Systemic Data Integrity – How can leveraging technology help increase the accuracy of your HMDA data and reduce the chances of your having to do more time-consuming and costly manual file reviews?
  • Omissions Testing – Regulators are concerned with reportable applications that are inadvertently omitted from your LAR. How can you test for these to identify issues before the regulators?
  • Red Flags Analysis – Use technology to compare LAR data to the national aggregate data to identify anomalies that may require additional follow up.
  • What does the data tell you – Using HMDA data to assist with fair lending performance assessments?

Who Should Attend?

This webinar would be beneficial for anyone in the institution who has responsibility for HMDA data integrity or analyzing the information to help manage fair lending risk, including senior management, compliance officers, attorneys and auditors.

Webinar Viewing Options

LIVE WEBINAR:                                              

INCLUDES 7 DAYS OF UNLIMITED ONDEMAND PLAYBACK!  With this option, you will participate in the webinar live, via the internet. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time.  And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:

With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:

If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool.  With this option, you will receive a download of any applicable handouts and a CD-ROM (featuring the full-color PowerPoint presentation with audio) via regular mail. Mailed 7 to 10 days after the webinar takes place.

IN-HOUSE:                                                        

Webinars can be scheduled and offered exclusively for your company.  They can even be customized to best fit your needs.  To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

Register Here!

Choose the viewing option that best suits your needs. Live Webinar times are shown as Eastern Time. You can choose to pay by credit card or invoice when you register. CFT Credit will be awarded to the registrant, unless directed otherwise (additional attendees can also receive credit for an additional fee). CFT Webinars are powered by Total Training Solutions!

Webinar DateStart TimeEnd DateEnd TimeViewing Options - See Descriptions AbovePrice
08/21/18Archived Six Month On-Demand Recording$295.00Order
08/21/18Archived CD-ROM Video Recording$345.00Order
AnyIn-HouseRequest