Webinar: HMDA Part 2: Demographic Collection
October 11, 2023 3:00 pm - 4:00 pm
Do you know what details to gather when a loan is subject to HMDA?
Do the requirements vary by application type? Part 2 of this three-part series will focus on key HMDA terms and demographic collection, including proper documentation, collection methods, reporting requirements, the implications of different application types, and more!
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Use the toolkit resources to successfully complete complex demographic information collection
- Define the terms ethnicity, race, and gender
- Explain the collection process to employees and accountholders
- Distinguish between the requirements for various application channels
- Understand the importance of collecting and reporting accurate information
WEBINAR DETAILS
The Home Mortgage Disclosure Act (HMDA) is a complex and data-driven process. The CFPB has issued FAQs (frequently asked questions – and answers) on multiple topics to clarify the correct codes and collection process. This webinar will provide effective training to help both new employees and experienced staff correctly document the demographic information based on the various types of application submissions. These methods include in-person, phone, internet, and “hybrid” submissions.
Attend all the webinars in this three-part series to gain a broader understanding of HMDA applications, demographic collection, and related commercial loans.
WHO SHOULD ATTEND?
This informative session is designed for all employees who need to understand and manage HMDA reporting, including loan operations staff, loan officers, loan assistants, processors, compliance officers, and auditors.
TAKE-AWAY TOOLKIT
- Step-by-step data collection definitions and important tips to avoid mistakes
- Tool for taking demographic information
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Presented By: Susan Costonis, Compliance Training & Consulting for Financial Institutions
Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. 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.