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2018 HMDA Submission Due March 1, 2019, Part 1: Identifying Reportable Loans, Data Integrity & FIG Analysis

This is Part 1 of a two-part series. Part 1 will focus on correctly identifying reportable loans, steps for data integrity, and tips for understanding the Filing Instructions Guide (FIG). Join us to learn more about data fields, data scrubbing, common mistakes, and reporting accuracy.

Jan 16, 2019 02:00 PM   -­­  Jan 16, 2019 03:30 PM
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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Lenders

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Description

It’s been a challenging year for HMDA reporters. Complex new rules were effective January 1, 2018, followed by the CFPB’s procedural rule issued August 31, 2018. The new rule allows partial exemptions of selected HMDA data fields for small volume institutions. It is critical to understand the rules and be prepared to file an accurate submission of 2018 activity by the March 1, 2019, deadline.

This is Part 1 of a two-part series. Part 1 will focus on correctly identifying reportable loans, steps for data integrity, and tips for understanding the Filing Instructions Guide (FIG). Join us to learn more about data fields, data scrubbing, common mistakes, and reporting accuracy.

Learning Objectives

  • Reportable loan criteria: four steps to confirm that all reportable loan applications have been identified
    • Understanding which applications are not reportable is equally important and will be covered
  • Detailed steps for completing the data fields of the LAR (Loan Application Register) 
  • Challenges with new and revised data fields, including demographic information and many of the underwriting results
  • Practical suggestions for “scrubbing” data
  • Common reporting mistakes and practical tips for managing the process
  • FIG overview – the 174-page guide explains the submission process and data and file specifications

Speaker

Susan Costonis, CRCM, Compliance Consulting & Training for FIs

Investment

$259.00