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Course description

The HMDA LAR has grown from 39 fields to 110 fields. While you might have a vendor that will provide a system in which to enter the data and report it, the financial institution must gather that data, interpret it, and enter it into the reporting system.

Only 5 of the current HMDA fields remain unchanged. Others are deleted or used in new ways, or are brand new. Definitions are borrowed from various parts of Regulation Z yet apply to business and consumer purpose loans, open and closed end. Product areas need to be advised of the new data requirements, so that they can begin to identify data sources.

The new HMDA rules are vast and complex.  Most of the requirements apply to all loans and applications, including business purpose. If you haven’t at least determined how your financial institutions will be affected and developed a plan of action, you are behind schedule. You might think you don’t have time due to other pressing issues, but you don’t have time to ignore this.

Attend this BOL Learning Connect Webinar to delve deeper into the changes.

Don’t wait until the last moment, and have to revert to crisis management. Take the time to learn the new rules in an organized fashion. Staff can’t be trained on these new rules unless the trainers understand them and that is no small feat with these changes. There are circuitous definitions that have to be traced across regulations to understand. The regulation and commentary is not a quick read!


This program will explore many of the revised and new fields, looking at the regulation, commentary and file specifications.




Instructor(s)

Kathleen Blanchard

Kathleen Blanchard has over 32 years of experience in banking. She has developed lending and regulatory processes as a banker and consultant and presents detailed regulatory training that is very process specific. Her banking background includes commercial and private banking lending, credit review, credit policy and procedures, risk management and regulatory compliance at both community, regional and large international banks. Kathleen has been providing training and consulting services for banks, credit unions and non-bank lenders on their regulatory compliance processes, HMDA and CRA reporting, process development and training since 2006. She is a Certified Regulatory Compliance Manager and a BOL Guru for BankersOnline.com. Kathleen presents her views and advice on HMDA and CRA and other regulatory matters at her website, www.kaybeescomplianceinsights.com Since 2015, Kathleen has been delivering in depth regulatory compliance consulting and training via The HMDA Academy, a unique personalized combination of consulting, training and resources delivered online to assist financial institutions and vendors in learning and applying the revised HMDA process and rules going into effect in 2017 and 2018.

Course curriculum

  • 1

    Video

    • HMDA Rule Revisions: Deep Exploration
  • 2

    Materials

    • Materials

    • Slides

    • HMDA 2018 Planning Chart

    • HMDA Comparison

    • Reporting Multiple Properties for HMDA

    • Questions and Answers