Events Calendar

Webinar: HMDA Reporting Part 1: Application Basics
Tuesday, September 28, 2021, 03:00pm - 04:00pm

HMDA could be an acronym for How Much Data Applies? In reality, the Home Mortgage Disclosure Act does require collection and reporting of data regarding dwelling-secured applications. Part 1 of this three-part series will provide the definitions, demographics, rules, and application basics you need.


  • Distinguish a “prequalification” which is not HMDA reportable, from a “preapproval” which is reportable
  • Effectively use the CFPB’s HMDA resources to identify potential applications
  • Define various types of dwellings that trigger a HMDA application
  • Explain to applicants the need to collect demographic information
  • Understand the elements of a “completed” application


The Home Mortgage Disclosure Act (HMDA) requires financial institutions to collect and report data related to certain dwelling-secured applications. Reporting mistakes can result in civil money penalties and regulatory headaches. Join this fast-paced 60-minute session that outlines the basic rules for identifying potential HMDA applications and provides effective training for new employees and reinforces the importance of “getting it right” for the lending staff. This is the first webinar of a three-part series. Attend Parts 2 and 3 to learn more about collecting demographic information and commercial lending issues.


This informative session is designed for all employees who need to understand and manage HMDA reporting, including loan operations, loan officers, loan assistants, processors, compliance officers, and auditors.


  • HMDA flow chart and checklists
  • CFPB resource links
  • Employee training log
  • Interactive quiz

SPEAKER: Susan Costonis, Compliance Consulting and Training for Financial Institutions

Susan Costonis is a compliance consultant and trainer. She specializes in compliance management along with deposit and lending regulatory training. Most of her 35-year career was spent as a banker in several areas including lending, loan administration, electronic banking, and compliance risk management.

Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.