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Course description

The revised HMDA demographic data that becomes mandatory as of January 1, 2018 totally upends the Government Monitoring Information process the industry has been using for many years. More ethnicities, more races, the ability to report both male and female, all sorts of combinations…how do you make sure everyone understands what to do and how to report on the HMDA LAR?

A lot of data will be gathered and it is important to know what to do with it to report it properly.

This webinar will go through every aspect of the new demographic data, including:

  • The new disclosure form
  • The data the customer reports and how that is translated to the LAR
  • Using the form before 2017
  • Reporting in 2018 when data was obtained in 2017
  • What to ask and when to ask
  • The number of ethnicities and races an applicant can report versus how many are reported the LAR
  • What to do if the applicant selects only subcategories with no major category
  • How to report if the applicant selects both Hispanic or Latino and Not Hispanic or Latino
  • Reporting when the applicant selects both male and female
  • How to handle misspellings and smart answers
  • Understanding face to face meetings and the effect on reporting - there are some changes
  • What to do if electronic application is followed by a face to face meeting
  • Age - it is not one of the questions asked so how do you report it
  • How to analyze data for fair lending if the applicant only selected subcategories for race and ethnicity or chose Hispanic and Not Hispanic or Male and Female

Don't miss this webinar that will address every aspect of the revised demographic data, from gathering to reporting and analyzing. This can be mind boggling but this webinar will break it down so that it makes sense.

Attendees of this webinar will:

  • Have a firm understanding of what is required and how to handle the data
  • Gain confidence in HMDA reporting and eliminate confusion
  • Avoid costly errors that cause resubmissions

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 Demographics – Reporting and Analyzing
  • 2

    Materials

    • Slides

    • Demographic Information Addendum

    • HMDA Race and Ethnicity Reporting

    • Questions and Answers