Understanding the differences in applications for HMDA, Regulation B and TRID (Regulation Z) is key to correct handling and reporting and streamlining the reporting process.

Both HMDA and Regulation B allow the financial institution to define an application based upon internal processes, while TRID is specific regarding when an application is received and disclosures are required. Defining a HMDA application to be the same as a TRID application can lead to reporting problems when a loan is not originated and required information for the HMDA LAR is missing.  Confusing inquiries under Regulation B with HMDA rules can also lead to wasted time and HMDA errors.

Developing a firm process for HMDA applications can save a great deal of time by eliminating confusion and creating an efficient HMDA reporting process. The information in this webinar will help your financial institution to develop a solid HMDA application process. Viewers will come away with an understanding of the fields that absolutely must be completed on the HMDA LAR and which ones allow special reporting for missing information and how to incorporate those differences in your HMDA application definition.

This one-hour webinar will go into detail regarding best practices to define an application for HMDA, for both consumer purpose and business purpose loans.

WHO SHOULD ATTEND: Compliance officers and staff, HMDA reviewers, auditors, quality assurance staff, lending management, and any other staff members who need to be conversant in HMDA reporting rules.