HMDA: A Summary of New Final Rules

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Category new hmda reporting requirements;hmda rules

Deadline: August 15, 2017 | Date: August 15, 2017

Venue/Country: NY, U.S.A

Updated: 2017-07-20 16:17:55 (GMT+9)

Call For Papers - CFP

Under the leadership of the Consumer Financial Protection Bureau the rules change significantly in 2017, 2018, and for large institutions again in 2020. There will be changes reducing the number of financial institutions must report, the types of loans subject to reporting, the data which will have to be reported, and the methods and IT reporting requirements.

WHY SHOULD YOU ATTEND

Everyone in the value chain of making mortgage decisions and fulfilling HMDA reporting requirements will need to be working in compliance with the new rules. If data isn’t captured early enough, from the right transactions, and completely enough, costs of reporting may become higher than necessary and potentially, penalties may be incurred.

AREAS COVERED

• A brief introduction to HDMA, from the viewpoint of a former regulator.

• Key dates for HMDA changes

• Transactions which must be included in reports

• Data which will be reportable

• Processes for submission

• Information gathering and reporting

• References to other materials

LEARNING OBJECTIVES

• Learn if your organization meets the new requirements for reporting, fewer will have to report in the future

• Learn the changes made in the types of loans which will be covered by reporting

• Know what changes in processes and IT will be required on what dates

• Know where to find authoritative detail.

WHO WILL BENEFIT

Loan Operations, Loan Officers, Loan Assistants and Processors, Compliance Officers, Fair Lending Officers, and Auditors. Anyone working in HMDA Reporting at a bank or mortgage company or mortgage servicer.

For more detail please click on this below link:

http://bit.ly/2uxA8CB

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