WEBINAR

Top 15 Issues With The New HMDA Rules Webinar

CFT Credits: 0.25

This two-hour webinar provides insight into the muddy areas of HMDA which may result in erroneous data fields on the HMDA LAR and lead to violations. Participants receive a detailed manual that serves as a handbook long after the program is completed.

Webinar Description and Intended Audience

What?
The world of HMDA changed dramatically on January 1, 2018. The final rules implementing changes to Regulation C required by the Dodd-Frank Wall Street Reform and Consumer Protection Act were generally effective on that date.

The modifications to HMDA were massive and many financial institutions are still dealing with the challenges of collecting data under the burdensome new requirements. This program provides the top 15 issues that may have been overlooked when implementing the new HMDA requirements.

Why?
This two-hour webinar provides insight into the muddy areas of HMDA which may result in erroneous data fields on the HMDA LAR and lead to violations. Participants receive a detailed manual that serves as a handbook long after the program is completed.

Covered Topics:

  • Which institutions are covered by HMDA and Regulation C beginning in 2018 and how the coverage rules may change in future years;
  • Challenges in determining if a structure is considered a dwelling, like a manufactured home versus mobile home;
  • When you should report a mixed-use property as a dwelling;
  • How to report multifamily residential structures, such as manufactured home communities;
  • Clarification on reporting home improvement loans;
  • HMDA reporting requirements for construction and permanent financing versus TRID requirements;
  • The expanded clarification on temporary financing;
  • Whether your financial institution can exempt closed-end mortgage loans and open-end lines of credit in 2018 and in future years;
  • The purpose of the Legal Entity Identifier and its impact on the Universal Loan Identifier;
  • Explanation of the census tract data field and forthcoming geocoding tool available from the CFPB;
  • Detailed requirements related to the collection of ethnicity, race, and sex of applicants and borrowers;
  • Challenges with reporting the rate spread;
  • Where to locate specific fees from the Loan Estimate and Closing Disclosure required to be reported on the HMDA LAR;
  • When and how to report the use of an Automated Underwriting System; and
  • Steps to identify and eliminate reporting errors and thereby avoid penalties.
  • Bonus item – Discussion of HMDA exemption contained in the Economic Growth, Regulatory Relief and Consumer Protection Act. 

Who Should Attend?

The program is designed for loan officers, compliance officers, loan processors and clerks 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
11/05/18Archived Six Month On-Demand Recording$295.00Order
11/05/18Archived CD-ROM Video Recording$345.00Order
AnyIn-HouseRequest