Learn about important aspects of the HMDA Governance Program with Navigant experts, Beji Varghese, Vince Urbancic, and Stephen Dunn. This webinar will focus on a review of new industry guidance and reporting requirement changes that resulted from the implementation of the Consumer Financial Protection Bureau’s (CFPB) 2015 Home Mortgage Disclosure Act (HMDA) Final Rule (effective January 1, 2018).
The webinar will deep dive into aspects of a HMDA governance program, reporting threshold requirements, challenges, best practices, and next steps that organizations may consider to ensure compliance with the Final Rule. Departments responsible for HMDA reporting will learn more about the expanded Loan Application Register (LAR) and how to avoid common reporting pitfalls and mistakes that can occur when reporting, with Action Taken, Action Taken Date, Income, and expanded GMI data. The team will share best practices around expanded transactional coverage, loan-level reporting requirements, and increased reporting frequency which are the hallmarks of the expanded Final Rule.
This webinar will:
Discuss the current state of Regulation C - HMDA
Identify the 2015 HMDA final rule
Explain HMDA oversight
Recognize action steps/best practices for enhancing compliance with the 2015 HMDA final rule