Auditing for HMDA Compliance,
Including New Data Collection Rules
Webinar OR Recorded Webinar + Free Digital Download
Thursday, December 6, 2018
12:00 pm – 1:30 pm Pacific
1:00 pm – 2:30 pm Mountain
2:00 pm – 3:30 pm Central
3:00 pm – 4:30 pm Eastern
The expanded data points for 2018 have taken the HMDA challenges of confirming data integrity and detecting fair lending red flags to a new level. There are two potential sets of HMDA rules for 2018. The CFPB changed the rules retroactively on August 31, 2018, for institutions that originated fewer than 500 closed-end or 500 open-end loans in each of the preceding two calendar years. Banks must also have at least a satisfactory CRA rating. Attend this webinar to learn which rules will govern your institution and their effect on your HMDA audit process.
- Are you a “large” reporter or eligible for the HMDA exemptions?
- Requirement changes
- Defining the audit scope
- How to find and verify data
- Challenges with auditing demographic information
- Using data to detect fair lending red flags
- If exempted from some data reporting, which fields should still be collected as a fair lending best practice?
- TAKE-AWAY TOOLKIT
- Template for audit workpapers
- HMDA audit checklist and list of data fields for each data point
- Fair lending steps for denied consumer and commercial applications
- CFPB resources
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
DON’T MISS THIS RELATED WEBINAR!
HMDA Reporting: Lessons Learned, Common Mistakes & FAQs
on Friday, September 21, 2018
All webinars are available for six months after broadcast
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND?
This informative session is designed for auditors, compliance officers, fair lending officers, loan operations staff, loan officers, and loan assistants.
Please note: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.
ABOUT THE PRESENTER – Susan Costonis, CRCM, Compliance Consulting and Training for FIs
Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.
THREE REGISTRATION OPTIONS
Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
1. LIVE WEBINAR
The live webinar option allows you to have one internet connection from a single computer terminalYou may have as many people as you like listen and watch from your office computer. Registrants receive a website address and passcode that allows entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com.
2. RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 6 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.
The recorded webinar may ONLY be ordered for 6 months following the live webinar. In addition, the download must be completed within 6 months of the live webinar date.
3. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Options 1 and 2 described above.
AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE