Introduction

The Home Mortgage Disclosure Act (HMDA) was enacted by Congress in 1975 and was implemented by the Federal Reserve Board's Regulation C. On July 21, 2011, the rule-writing authority of Regulation C was transferred to the Consumer Financial Protection Bureau (CFPB). This regulation provides the public loan data that can be used to assist:

  • In determining whether financial institutions are serving the housing needs of their communities
  • Public officials in distributing public-sector investments so as to attract private investment to areas where it is needed
  • And in identifying possible discriminatory lending patterns

This regulation applies to certain financial institutions, including banks, savings associations, credit unions, and other mortgage lending institutions. This webinar will offer insight into ensuring your institution is compliant with HMDA requirements and how to build a successful program.

Learning Objectives

  • Overview of HMDA –What is it?
  • Components of HMDA
  • Outline of Effective HMDA Program
  • Monitoring for HMDA
  • Auditing HMDA activities
  • Steps for ensuring HMDA Compliance

Why should you attend?

The increased scrutiny of examiners and regulators regarding HMDA requires financial institutions to increase their oversight efforts. Non-compliance with HMDA requirements increases risk exposure of financial institutions failing to protect consumers. As a result, financial institutions can experience negative implications affecting them both reputationally and financially. HMDA continues to provide valuable information regarding home lending, and it’s now more important than ever those financial institutions ensure they are implementing the appropriate tools to ensure they are compliant with HMDA rules and regulations. Learning Objectives:

  • Define what HMDA is
  • Identify operations and activities that have HMDA implications
  • Tips and suggestions for an effective HMDA program
  • How to effectively audit HMDA activities
  • Maintaining HMDA compliance

Who Will Benefit

  • Compliance Officers
  • Lending Officers
  • Loan application processors for mortgages
  • CRA Officers
  • Compliance Auditors

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Dr. Gina J. Lowdermilk, PhD (ABD), CAMS, CRMS is a qualified BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, int Know More

Dr. Gina J. Lowdermilk