Dive into important aspects of the HMDA Governance Program.
The topic will focus on a review of new industry guidance and reporting requirement changes resulting from the implementation of the Consumer Financial Protection Bureau’s (CFPB) 2015 Home Mortgage Disclosure Act (HMDA) Final Rule, effective January 1, 2018.
Discussion will also focus on a 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.
This material will help departments responsible for HMDA reporting understand the expanded Loan Application Register (LAR) in more detail 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.
Share best practices around Expanded transactional coverage, loan-level reporting requirements, and increased reporting frequency which are the hallmarks of the expanded Final Rule.
Learning Objectives:
- You will be able to discuss the current state of Regulation C - HMDA.
- You will be able to identify the 2015 HMDA final rule.
- You will be able to explain HMDA oversight.
- You will be able to recognize action steps/best practices for enhancing compliance with the 2015 HMDA final rule.
This Live Webinar Covers These Hot Issues:
Introduction and HMDA Overview
- Current State of Regulation C – HMDA
- Key Regulatory Updates/Current Regulatory Actions
- Compliance Program Challenges and Issues in Lar Reporting
- Expanded Transactional Coverage
- Expanded Loan-Level Reporting Requirements
- Increased Reporting Frequency
- Key Points to Consider
- Structure
- Governance
- Policies and Procedures
- Training
- Software
- QC Program
- Typical Pain Points/Challenges
- Industry Specific Observations
- Scenarios/Use Cases to Walk Through
- Current State HMDA Assessment/CMS
- 2018 HMDA Preparedness Assessments/Project Plan
- HMDA QC and Monitoring Tools Implementation
- Recurring HMDA LAR Testing
Credit Information (Sponsored by Lorman Education Services)
- CLE
- CPE
- NASBA
For Detailed Credit Information page
click here
Only registered attendee will receive continuing education credit.
Faculty
Stephen Dunn, Navigant Consulting, Inc.
- Senior Consultant in the Banking, Insurance, and Capital Markets practice of Navigant based in the Charlotte, NC office
- Specializes in operational and compliance reviews, with recent work focusing on portfolio loan testing, underwriting analysis, and credit reporting
- Assisted on multiple projects covering different aspects of mortgaging, including origination, servicing, and secondary marketing
- Extensive experience with the Home Mortgage Disclosure Act (HMDA), including conducting a comprehensive LAR cleansing which resulted in validating the accuracy of the LAR and successful transmission
- Assisted in performing mortgage origination and servicing assessments as well as FCRA assessments
- Masters of Accounting from the University of North Carolina Kenan-Flagler Business School and is a Certified Public Accountant (CPA)
Vincent Urbancic, Navigant Consulting, Inc.
- Associate Director in the Banking, Insurance, and Capital Markets practice of Navigant based in the Washington, D.C. office
- More than fifteen years of professional experience in financial cnancial Analyst (CFA) Institute
Beji Varghese, Navigant Consulting, Inc.
- Managing Director in the Banking, Insurance, and Capital Markets practice of Navigant Consulting, Inc. based in the Charlotte, NC office
- Managed multiple FCRA projects for Consumer Finance companies, including remediation engagements, assisting with regulatory response, and preparation for exams related to FCRA
- Actively involved with multiple regulatory matters including assisting clients respond to regulatory requests around mortgage servicing, FCRA, and UDAAP
- Oversaw the implementation of multiple HMDA projects including several re-statements projects
- Written several articles around mortgage servicing and has been a speaker with the MBA on regulatory compliance matters
- Prior to joining Navigant, he was COO of a specialty residential mortgage servicer, where he was responsible for the firm’s infrastructure, operations, and servicing system performance
(Not available outside the US)