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State of HMDA in 2023

We’ll discuss the current state of HMDA so close to submission in this session, and get some of your questions answered.

OnDemand
Recorded Tuesday,
January 31st, 2023
Presented by Carl Pry
2h total length
2.5 CRCM Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Lending
  • Lending Compliance
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Compliance Officer
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender

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We’re now a few years into the new age of HMDA – increased coverage requirements, data collection, and submission, as well as risk. How are you doing with all this? The rules regarding reporting thresholds are in flux for small banks as a result of a recent federal court decision, so we’ll have to wait for the outcome there. But for 2022’s submission season, it’s the same as in years past. In this webinar, we’ll review all the pain points of HMDA, including actions taken and a variety of data points. We’ll also address a number of questions - What will examiners be looking at it? What are the fair lending issues and risks you need to be aware of after submission? We’ll discuss the current state of HMDA so close to submission in this session, and get some of your questions answered.

What You'll Learn

  • Rules around thresholds and data elements, including legal challenges and what to do if you’re caught in the middle
  • Private vs. public data
  • Details of the coverage rules – who collects and submits information, and when
  • What types of applications are reportable?
  • The dwelling-secured loan standard – what does this impact?
  • Effects in the commercial loan area
  • How to handle HELOCs
  • LAR fields, including common errors and pain points
  • Categories of reporting, including information on the property, loan type, and loan features; plus identification information
  • Reporting GMI
  • Changes to the submission process
  • Quarterly reporting for some institutions
  • How the public obtains HMDA information changes
  • Practical and compliance implications

Who Should Attend

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

Carl Pry

Instructor Bio

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors in Washington, DC. Through his more than 30-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves as the Chair of the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Continuing Education Credit Information

State of HMDA in 2023 has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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