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LBA PROFESSIONAL DEVELOPMENT WORKSHOPS New HMD Rules: Part 2 Operations Systems, Audit & Reporting Implications (Webinar) March 20, 2017 3:30pm 5:00pm The CFPB released a final HMD rule October 2015
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01
Familiarize yourself with the new HMDA rules and regulations.
02
Understand the types of data that need to be collected and reported.
03
Ensure you have access to the necessary tools and resources for data collection.
04
Begin by gathering all relevant loan/application data.
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Categorize the data based on the specified data points and codes.
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Double-check the accuracy and completeness of the collected data.
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Use the appropriate format and submit the data to the designated regulatory agency.
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Maintain proper documentation of the submitted data for future reference.

Who needs new hmda rules part?

01
Financial institutions and lenders who engage in consumer mortgage lending.
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Banks, credit unions, and other depository institutions.
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Non-bank mortgage companies and mortgage servicing firms.
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Any entity that falls under the jurisdiction of the Home Mortgage Disclosure Act (HMDA).
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