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2018 HMDA Submission Due March 1, 2019, Part 2: Requirements, Clearing Edits, Exempt Fields & More

This is Part 2 of a two-part series. Part 2 will focus on preparing data for submission and the technical requirements. Join us for an in-depth review of the partial exemption rules and exemption codes.

Jan 24, 2019 02:00 PM   -­­  Jan 24, 2019 03:30 PM
CT
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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 adequately prepared to file an accurate submission of 2018 activity by the March 1, 2019, deadline.

This is Part 2 of a two-part series. Part 2 will focus on preparing data for submission and the technical requirements. Join us for an in-depth review of the partial exemption rules and exemption codes.

Learning Objectives

  • Review of institutional coverage for all reporters for 2018 activity
  • May 24th rule changes and partial HMDA exemptions
  • Decision points about exempt data
    • Some data fields are not required under the partial exemption rule, but it’s a best practice to retain and not report certain fields to support lending decisions and demonstrate fair lending compliance
  • Options for reporting loans sold to the secondary market and partial exemption data fields
  • Using the Filing Instructions Guide (FIG) to clear the four types of edits (syntactical, validity, quality, and macro quality)

Speaker

Susan Costonis, CRCM, Compliance Consulting & Training for FIs

Investment

$259