Event Calendar

Saturday, December 5, 2020

Deadline July 1, 2020: HMDA Final Rule on Close-end Loan Data Collection & Reporting Webinar

Start Date: 6/5/2020 9:00 AM MDT
End Date: 12/5/2020 10:30 AM MST

Organization Name: Independent Bankers of Colorado

Tara F. Hunter
Phone: (303) 832-2000

Deadline July 1, 2020: HMDA Final Rule on Closed-end Loan Data Collection & Reporting Webinar

Do you know what HMDA reporting is required before and after this mid-year transition?  Even in the midst of pandemonium, reporting is still required.  Ensure you know what the rules are before the July 1 deadline – it just might be good news for your institution!

  • Understand the impacts of the July 1, 2020, changes to the reporting threshold for closed-end loans subject to HMDA reporting
  • Employ a tool for collecting demographic information based on whether the application was made in-person, by mail, or by phone
  • Distinguish what activity is recorded in the first quarter of 2020 and NOT recorded in the second quarter, if your institution is excluded under the revised threshold
  • Explain how and when demographic information must be requested under Reg B
  • Determine which applications remain subject to HMDA reporting
  • Identify common reporting challenges
In the midst of the COVID-19 pandemic, the CFPB delivered some good news for financial institutions.  Effective July 1, 2020, the final rule amends HMDA to increase the permanent threshold for collecting and reporting data on closed-end mortgage loans from 25 to 100 originated loans.  This will significantly reduce the number of smaller filers who are originating fewer than 100 closed-end HMDA reportable loans.  Attend this webinar and learn the impacts of the revised rules.  It is important to understand that collecting demographic information is not a requirement exclusive to HMDA, and institutions should continue to collect information as required by the Equal Credit Opportunity Act (Regulation B) for the purchase and refinance of a borrower’s principal residence.
This informative session is for staff who manage HMDA reporting, including loan operations staff, loan officers, loan assistants, processors, compliance officers, and auditors.
  • HMDA flow chart for 2020 activity, including updated resources from the CFPB
  • HMDA key data fields
  • Action taken chart
  • Tool for collecting demographic information
  • HMDA compliance resources
  • Employee training log
  • Interactive quiz
Common HMDA Violations & Challenges,  Recorded Webinar Available
 HMDA: Still a Four-Letter Word?, Wednesday, July 15, 2020
Susan Costonis, CRCM, Compliance Consulting and Training for Financial Institutions
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.
1. Live Webinar Includes
  • Unlimited connections within your institution to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
 2. Recorded Webinar Includes
  • Recording of the Live Webinar
  • Available two business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up
 3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here