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Presented by Protein Austin in Conjunction with Louisiana Bankers AssociationMASTERING HMD A 2019 MONDAY SEMINAR! A full day seminar providing a comprehensive review of the Home Mortgage Disclosure
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Mastering HMDA is a process of understanding and complying with the Home Mortgage Disclosure Act (HMDA) requirements, which includes filing accurate and timely data.
Financial institutions such as banks, credit unions, and mortgage lenders are required to file mastering HMDA.
Mastering HMDA can be filled out using the official HMDA Platform provided by the Consumer Financial Protection Bureau (CFPB) or through a third-party software.
The purpose of mastering HMDA is to monitor and enforce fair lending practices by requiring financial institutions to report and disclose information about their mortgage lending activities.
Financial institutions must report information such as loan applications, originations, and purchases related to mortgage loans, as well as applicant and loan characteristics.
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