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HMDA Reporting Part 3: Commercial Lending Issues

Nov 11 2:00 PM - Nov 11, 2021 3:00 PM
Nov 11, 2021 2:00 PM - 3:00 PM
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Round out your HMDA knowledge with Part 3 of this three-part series. Learn how HMDA applies to commercial lending, including the nitty gritty requirements and problem areas to avoid. Real-life examples will be used t further illustrate how to use HMDA resources.

Learning Objectives

  • Identify common reporting problems for commercial loan applications:
    • Distinguish between covered and excluded applications
    • Know which structures are a dwelling for HMDA reporting
    • Discern what counts as gross annual income
    • Properly report demographic information; while corporations and partnerships are exempt, this information must be requested from “natural persons”
    • Address complex issues with mixed-use dwellings, which often serve as collateral for commercial loans
  • Use the CFPB and FFIEC HMDA resources more effectively• Define the correct loan purpose
  • Explain complex HMDA scenarios to lending staff, including new employees

This HMDA-focused webinar will review the fundamental requirements specific to commercial loan applications and focus on problem areas that can create HMDA reporting violations. Real-life examples will reference HMDA resources that can be used to improve training, identify potential reporting errors, and streamline verifying data integrity. This is the third webinar in a three-part series. Attend Parts 1 and 2 to learn more about application basics and collecting demographic information.

Agenda

Speakers

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.

Location

Fees

$259.00 

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections
  • Compliance