VACB Webinar: Challenges & Best Practices 2021 | Financial Education & Development Inc. | 13 January 2021 | Virtual Event
Venue
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| Event Date |
Wed Jan 13 PST (almost 4 years ago)
In your timezone (EST): Wed Jan 13 3:00pm - Wed Jan 13 4:30pm |
| Location | Virtual Event |
| Region | All |
Details
HMDA reporting continues to be a challenging and potentially expensive endeavor for many financial institutions. One of the 10 largest HMDA lenders was fined $1.75 million for multiple years of inaccurate reporting. This fast-paced webinar will include citations, tips, real-life examples, tools for submitting 2020 HMDA data by the March 1, 2021, deadline, and these top 10 HMDA reporting challenges:
• Secondary market reporting rules
• Tricky temporary financing issues, exemptions, and renewals of temporary financing
• Correct gross annual income reporting
• Dwelling definitions and mixed-use property scenarios
• Demographic information collection dos and don’ts
• Reporting tips for commercial loan applications
• Data submission challenges with quality edits
• Technical issues, such as keeping software updated and using the right browser
• Tips to effectively use the 2020 FIG
• Data integrity challenges – submission and resubmission steps
Speakers
2021 Speaker
PRESENTER:
Susan Costonis, CRCM
Compliance Consulting and Training for Financial Institutions