WEBINAR
TRID

HMDA Update 2019

CFT Credits: 0.25

The CFPB’s 2018 HMDA rules are now in effect, although both the OCC CFPB have announced that enforcement of the new rules will be delayed at least a year. What exactly does this mean? As well, the Dodd-Frank reform bill recently signed into law (S. 2155) makes some important changes to the rules, especially for small reporters. Will this have an impact on your reporting for 2019?

Webinar Description and Intended Audience

What has Changed and What’s Stayed the Same?

The CFPB’s 2018 HMDA rules are now in effect, although both the OCC CFPB have announced that enforcement of the new rules will be delayed at least a year. What exactly does this mean? As well, the Dodd-Frank reform bill recently signed into law (S. 2155) makes some important changes to the rules, especially for small reporters. Will this have an impact on your reporting for 2019?

The new rules expand what types of loans are covered, and many more data elements are now to be collected. There are also some important changes to definitions and some new clarifications and exceptions, several of which are flying below the radar. As well, the submission and disclosure processes will change, to the new CFPB online method. What do the CFPB’s announcements mean? Short story is don’t change your processes just yet, but there are some things to keep in mind. As well, the existing HMDA data elements must still be collected and submitted properly. We’ll discuss the current state of HMDA in this session, as well as what to look forward to in the future, and get some of your questions answered.

Covered Topics:

  • S. 2155 changes to HMDA – impact to small reporters
  • The OCC’s and CFPB’s announcements about the new HMDA rule and delays in enforcement – what does all this mean and what should we do?
  • Details of the new coverage rules – who collects and submits information, and when
  • What types of loans are reportable now
  • The new dwelling-secured loan standard – what does this impact?
  • New clarifications and definitions
  • Changes in the commercial loan area
  • How to handle HELOCs
  • New LAR fields – moving to 53 fields, but with many additional data requirements
  • New categories of reporting, including information on the property, loan type, and loan features; plus identification information (new subcategories)
  • Changes on how GMI is reported
  • Changes to the submission process
  • Quarterly reporting for some institutions
  • How the public obtains HMDA information changes
  • Practical and compliance implications

This webinar is a breakout session from the Core Compliance Suite. A subscription to the Core Compliance Suite (CCS) includes a quarterly, two-hour webinar focused on the most recent changes to the compliance landscape as well as access to six core compliance webinars presented by Carl Pry which are essential to your annual compliance training. Click on the following link for more information on the Core Compliance Suite. You can email questions to scott@cfteducation.org or talk with a representative by calling 1-800-795-5242.

Who Should Attend?

Loan officers, managers, and processors, compliance and fair lending officers, auditors, counsel, and anyone else with HMDA-related responsibilities, including data collection, reporting, analysis, and disclosure.

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
01/31/19Archived Six Month On-Demand Recording$295.00Order
01/31/19Archived CD-ROM Video Recording$345.00Order
AnyIn-HouseRequest