Wednesday, August 14, 2019
2:00 – 3:00 pm (Eastern Time)
1:00 – 2:00 pm (Central Time)
12:00 – 1:00 pm (Mountain Time)
11:00 – 12:00 pm (Pacific Time)
Hot off the press! With recent announcements from the CFPB and anticipated policy changes for HMDA, it’s imperative that your organization is up to speed on the new requirements. As banks continue to face implementation challenges with this complex regulation it’s critical that banks effectively implement the required changes and avoid hefty regulatory penalties.
This webinar will discuss the amended HMDA requirements that were made effective in 2018 and provide clarification on the more complex topics such as multipurpose loans, mixed-use property scenarios, and more. Get answers to your top FAQs and expert analysis in an easy-to-follow format to help your organization gain a higher level of HMDA understanding.
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Attendees to this banking webinar will learn:
Foundational information on the HMDA rules and proposed policy changes
Detailed review of the revised HMDA data collection and reporting requirements
Answers to the most recently asked questions related to the 2018 rule
Clarifications for complicated data points
Latest developments in HMDA enforcement
The 7 essential steps required for HMDA compliance
BONUS MATERIAL: Participants will receive a comprehensive HMDA Compliance and Examination Checklist to include in your organization’s audit and compliance procedures!
Dena Somers is a highly regarded bank consultant and compliance attorney. She has provided regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries nationwide for more than 20 years. Her areas of expertise include consumer and mortgage lending compliance, Fintech and specialty finance, regulatory compliance training, business strategy and best practice advisement, and corporate governance. Throughout her career, Ms. Somers has advised hundreds of banking and financial institutions— ranging from local community banks to $50 billion financial holding companies— to achieve operational efficiency while ensuring regulatory compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company, Fintech lender, national money service business, and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. Additionally, Ms. Somers is a published author for Lexis Nexis in the areas of Bank Teller training, loan policies, and loan documentation training.
1.0 CPE Credits and 1.2 AAP Credits