HMDA Data Collection Rules: Preparing for the Extensive January 1, 2018 Changes

May 17, 2017 03:00pm -
May 17, 2017 04:30pm
(GMT-5)

Event Description

The “new” HMDA rules were announced on October 15, 2015, with a mandatory compliance date of January 1, 2018.  The CFPB allowed financial institutions over two years to prepare for these changes.  There are approximately 150+ business days from this presentation until January 1, 2018.  There are very few parts of the existing rules that will remain unchanged – and there are 110 data elements in the new rule.  Will you be ready for these extensive changes?  Join us to learn more about the new rules and gain valuable tips to develop a successful implementation plan.

HIGHLIGHTS

  • What data will your institution be required to gather and report for 2018 activity?  What will be excluded?
    • Practical methods for collecting reportable data and documenting the exclusions
    • Overview of selected portions of the 110 points of data
  • Which definitions changed?  When is a dwelling-secured loan or line included or excluded from reporting?
  • How to properly request and record demographic information 
    • Process for applicants to self-identify under subcategories for ethnicity and certain race categories
  • What does the frontline need to know about these changes?
  • Expanded and revised pre-approval rules 
  • Best practices for collection, reporting, and validating the data fields and potential problem areas
  • Regulatory guidance highlights and accuracy expectations 
    • Technical change highlights, including the new data submission process

TAKE-AWAY TOOLKIT

  • HMDA fact sheet that summarizes key changes and tips for implementation
  • HMDA key dates timeline and coverage charts
  • Road map template for an implementation plan
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.

WHO SHOULD ATTEND?

This informative session is designed for lenders, personal bankers, loan assistants and processors, loan operations staff, compliance officers, fair lending officers, IT staff, and auditors.

REGISTRATION OPTIONS

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.


Event Type:Webinar &/or On-Demand Link/CD
Early registration ends on Apr 11, 2017.
Regular registration starts on Apr 12, 2017 and ends on May 08, 2017.
Late registration starts on May 09, 2017.
(GMT-05:00) Eastern Time (US & Canada)

 

Registration Fees
Fee TypeEarlyRegularLate
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 Additional Hookups
Member Fee: $175.00$175.00$175.00
Non-Member Fee: $260.00$260.00$260.00
 Recorded Webinar + Free Digital Download
Member Fee: $345.00$345.00$345.00
Non-Member Fee: $490.00$490.00$490.00
 Both Live Webinar and Recorded Webinar + Free Digital Download
Member Fee: $395.00$395.00$420.00
Non-Member Fee: $600.00$600.00$625.00