Event Calendar

Wednesday, January 26, 2022

2021 HMDA Submission Due 3-1-22: Updates & Challenges Webinar

Start Date: 1/26/2022 9:00 AM MST
End Date: 1/26/2022 10:30 AM MST


Event Website: https://financialedinc.com/a/ibc/webinar/2021-hmda-submission-due-march-1-2022-updates-challenges

Organization Name: Independent Bankers of Colorado

Contact:
Maelynn Lewis
Email: mlewis@ibcbanks.org
Phone: (720) 607-7937

HMDA reporting can be tricky and error laden. Increase your institution’s accuracy and reduce potential liability by learning the latest on the issues that beset HMDA reporters, including the top 10 challenges. HMDA reporting continues to be a challenge for many financial institutions and potentially expensive for some. One of the 10 largest HMDA lenders was fined $1.75 million for multiple years of inaccurate reporting. Join this fast-paced webinar to learn the top 10 issues that challenge HMDA reporters, receive valuable tools, and prepare to submit your 2021 HMDA data before March 1, 2022. The presentation will include citations, tips, real-life examples, and these top-five issues that can cause reporting errors:

  • Secondary market reporting rules
  • Dwelling definitions and mixed-use property scenarios
  • Demographic information collection dos and don’ts
  • Reporting tips for applications made in the commercial loan area
  • Data integrity challenges and submission and resubmission steps
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
  • Submit the 2021 HMDA data with added confidence and improved data integrity
  • Effectively use the HMDA resources in the CFPB’s 2021 Filing Instructions Guide
  • Unravel confusing issues, such as what is and isn’t a dwelling, mixed-use property scenarios, and complex demographic information collection
  • Explain how to handle several types of quality edits
  • Understand clarifications for complicated data points
TAKE-AWAY TOOLKIT
  • HMDA worksheets and flowchart for 2021 activity, including updated CFPB resources
  • Lists of data fields for each data point
  • Step-by-step data collection definitions and tips to avoid mistakes
  • HMDA compliance resources including checklists for submission and fair lending
  • Employee training log
  • Interactive quiz
WHO SHOULD ATTEND?
This informative session is designed for staff who contribute to or manage HMDA reporting, including loan operations staff, loan officers, loan assistants, processors, compliance officers, fair lending officers, IT support staff, and auditors.
 
DON’T MISS THIS RELATED WEBINAR!
An In-Depth Look at Regulation Z's Amended Qualified Mortgage (QM) Rule, Wednesday, March 23, 2022
 
MEET THE PRESENTER
Susan Costonis, CRCM, Compliance Training & Consulting 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.

THREE REGISTRATION OPTIONS – WHAT YOU GET
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. On-Demand 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.