Join us for this special 2.5-hour workshop for community banks to explore the requirements and the environment for HMDA reporting and accuracy. This means varying degrees of automation may be utilized. This session will include breakout rooms where you will get the opportunity to collaborate with peers, as well as our industry expert, Lauren Sparks. Space is limited, and live attendance is a must for this high-value learning experience!
One of the best ways to master this area is to learn from others, whether to see errors and build foolproof controls around them, or to hear about best practices you might adopt for yourself. We will be in search of the “root cause” for reporting problems.
Examples of HMDA internal controls will be outlined. Finally, we will break into groups to explore the operationalizing of compliance and best practices at your institution. Limited spots available! Let’s get it right!
What You’ll Learn
- Home Mortgage Disclosure Act overview
- Covered institutions and reporting timelines
- Key data fields
- HMDA examination procedures, testing, error rates, and resubmission
- Relationship of HMDA to Community Reinvestment Act and Fair Lending
- Common errors and audit findings in HMDA exams
- Internal controls to support the HMDA process
- Ideas/tips/tools from other professionals to try in your institution
Who Should Attend
This session is ideal for anyone with hands-on responsibilities for HMDA, the Community Reinvestment Act, or Fair Lending, and/or compliance, as well as those handling key functions in lending from application through onboarding. This can include the loan operations team, loan officers, credit staff, compliance officers, and auditors.