Course Description
Before your institution ever reports a single field to the CFPB, you need to define your internal HMDA rules clearly and consistently. Many HMDA fields are open to interpretation, and setting internal standards can prevent confusion, inconsistencies, and errors down the road. This session covers the gray areas HMDA doesn’t define and gives you practical tools to make those decisions, document them, and train staff.
Who is this Designed for: Compliance officers, CRA officers, and loan operations teams at banks, credit unions, and fintechs who want to ensure accurate HMDA data collection, coding, and reporting from the start.
Agenda
Why HMDA compliance starts before you collect or report any data
Application Date: common confusion points and best practices
Action Taken Date: documenting and sticking to your internal policy
Rate Set Date: key to getting Rate Spread and HOEPA right
Credit Score: choosing the method, documenting reliance
Clarifying relied-on fields in Adverse Actions and non-QM products
By the end of this webinar, you will know how to:
Establish clear, consistent internal HMDA rules before collecting or reporting data
Address common confusion points around application, action taken, and rate set dates
Document and apply internal policies to reduce errors and examiner findings
Decide and document your institution’s approach to credit scores and relied-on fields
Train staff effectively so HMDA coding and reporting are accurate from the start
Course Description
Before your institution ever reports a single field to the CFPB, you need to define your internal HMDA rules clearly and consistently. Many HMDA fields are open to interpretation, and setting internal standards can prevent confusion, inconsistencies, and errors down the road. This session covers the gray areas HMDA doesn’t define and gives you practical tools to make those decisions, document them, and train staff.
Who is this Designed for: Compliance officers, CRA officers, and loan operations teams at banks, credit unions, and fintechs who want to ensure accurate HMDA data collection, coding, and reporting from the start.
Agenda
Why HMDA compliance starts before you collect or report any data
Application Date: common confusion points and best practices
Action Taken Date: documenting and sticking to your internal policy
Rate Set Date: key to getting Rate Spread and HOEPA right
Credit Score: choosing the method, documenting reliance
Clarifying relied-on fields in Adverse Actions and non-QM products
By the end of this webinar, you will know how to:
Establish clear, consistent internal HMDA rules before collecting or reporting data
Address common confusion points around application, action taken, and rate set dates
Document and apply internal policies to reduce errors and examiner findings
Decide and document your institution’s approach to credit scores and relied-on fields
Train staff effectively so HMDA coding and reporting are accurate from the start
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