New HMDA Rules for 2017 and Beyond

Duration 60 Mins
Level Basic & Intermediate
Webinar ID IQW20B0248

  • A brief introduction to HDMA, from the viewpoint of a former regulator
  • Key dates for HMDA changes
  • Transactions which must be included in reports
  • Data which will be reportable
  • Processes for submission 
  • Information gathering and reporting
  • References to other materials

Overview of the webinar

The Home Mortgage Disclosure Act (HMDA) requires certain institutions to collect, report and disclose information about their mortgage lending activity. Regulation- C implements HMDA and sets out specific requirements for the collection, recording, reporting and disclosure of mortgage lending information. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) transferred rulemaking authority for HMDA to the CFPB, effective July 2011.   
This course addresses the fact that the rules change significantly in 2017, 2018 and for large institutions again in 2020. There will be changes reducing the number of financial institutions must report, the types of loans subject to reporting, the data which will have to be reported and the methods and IT reporting requirements.

Who should attend?

  • HMDA Compliance Manager
  • Underwriting Manager
  • Mortgage Banking Leaders
  • Risk and Compliance Officers 

Why should you attend?

  • To understand what changes are being made in the HMDA program /  Reg. C so as to be prepared to comply 
  • Learn if your organization meets the new requirements for reporting, fewer will have to report in the future
  • Learn the changes made in the types of loans which will be covered by reporting
  • Know what changes in processes and IT will be required on what dates  
  • Know where to find authoritative detail  

Faculty - Mr. Jim George

Jim George is an independent consultant to banks focusing on issues of fraud. He brings over 25 years as a consultant to major banks in Associate Partner and Principal roles at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance and Andersen Consulting (now Accenture). He has also been SVP Operations for a Fortis-US division providing outsourcing services to the banking industry. 
Jim's work has included projects in fraud investigation, fraud prevention, identity issues, compliance and AML (anti-money laundering). His background includes work in bank operations and payments strategy, reengineering, systems and quality improvement.

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