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HMDA Compliance Updates

Dive into important aspects of the HMDA Governance Program.

The topic will focus on a review of new industry guidance and reporting requirement changes resulting from the implementation of the Consumer Financial Protection Bureau's (CFPB) 2015 Home Mortgage Disclosure Act (HMDA) Final Rule, effective January 1, 2018. Discussion will also focus on a deep dive into aspects of a HMDA governance program, reporting threshold requirements, challenges, best practices and next steps that organizations may consider to ensure compliance with the Final Rule. This material will help departments responsible for HMDA reporting understand the expanded Loan Application Register (LAR) in more detail and how to avoid common reporting pitfalls and mistakes that can occur when reporting, with Action Taken, Action Taken Date, Income, and expanded GMI data. Share best practices around Expanded transactional coverage, loan-level reporting requirements, and increased reporting frequency which are the hallmarks of the expanded Final Rule.

Runtime: 86 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction and HMDA Overview

  • Current State of Regulation C - HMDA
  • Key Regulatory Updates/Current Regulatory Actions
  • Compliance Program Challenges and Issues in Lar Reporting

2015 HMDA Final Rule

  • Expanded Transactional Coverage
  • Expanded Loan-Level Reporting Requirements
  • Increased Reporting Frequency
  • Key Points to Consider

HMDA Oversight

  • Structure
  • Governance
  • Policies and Procedures
  • Training
  • Software
  • QC Program

Loan Application Register (LAR) - Approaches and Concern

  • Typical Pain Points/Challenges
  • Industry Specific Observations
  • Scenarios/Use Cases to Walk Through

Action Steps/Best Practices for Enhancing Compliance With the 2015 HMDA Final Rule

  • Current State HMDA Assessment/CMS
  • 2018 HMDA Preparedness Assessments/Project Plan
  • HMDA QC and Monitoring Tools Implementation
  • Recurring HMDA LAR Testing
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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on November 30, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Stephen Dunn

Stephen Dunn

Navigant Consulting, Inc.

  • Senior Consultant in the Banking, Insurance, and Capital Markets practice of Navigant based in the Charlotte, NC office
  • Specializes in operational and compliance reviews, with recent work focusing on portfolio loan testing, underwriting analysis, and credit reporting
  • Assisted on multiple projects covering different aspects of mortgaging, including origination, servicing, and secondary marketing
  • Extensive experience with the Home Mortgage Disclosure Act (HMDA), including conducting a comprehensive LAR cleansing which resulted in validating the accuracy of the LAR and successful transmission
  • Assisted in performing mortgage origination and servicing assessments as well as FCRA assessments
  • Masters of Accounting from the University of North Carolina Kenan-Flagler Business School and is a Certified Public Accountant (CPA)
Vincent Urbancic

Vincent Urbancic

Navigant Consulting, Inc.

  • Associate Director in the Banking, Insurance, and Capital Markets practice of Navigant based in the Washington, D.C. office
  • More than fifteen years of professional experience in financial consulting and mortgage industry, with extensive experience in risk assessments, business process reviews, and regulatory readiness assessments
  • Led evaluations of the entities compliance management system and provided opinions and wrote reports to regulators as to the adequacy and effectiveness of such systems
  • Author of several articles on HMDA, including most recently HMDA in Transition
  • MBA degree, Johns Hopkins University and is an active volunteer for the Chartered Financial Analyst (CFA) Institute
Beji Varghese

Beji Varghese

Navigant Consulting, Inc.

  • Managing Director in the Banking, Insurance, and Capital Markets practice of Navigant Consulting, Inc. based in the Charlotte, NC office
  • Managed multiple FCRA projects for Consumer Finance companies, including remediation engagements, assisting with regulatory response, and preparation for exams related to FCRA
  • Actively involved with multiple regulatory matters including assisting clients respond to regulatory requests around mortgage servicing, FCRA, and UDAAP
  • Oversaw the implementation of multiple HMDA projects including several re-statements projects
  • Written several articles around mortgage servicing and has been a speaker with the MBA on regulatory compliance matters
  • Prior to joining Navigant, he was COO of a specialty residential mortgage servicer, where he was responsible for the firm’s infrastructure, operations, and servicing system performance
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 402950
Published 2018
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