The New HMDA Rules for 2018
Product ID: 705572
- Duration: 60 Min
Why Should You Attend:
Under the leadership of the Consumer Financial Protection Bureau the rules change significantly in 2018, and for large institutions again in 2020. There will be changes reducing the number of financial institutions must report, the types of loans subject to reporting, the data which will have to be reported, and the methods and IT reporting requirements. There are policy type changes and a total replacement of their systems. Actual changes required start with reports due in March of 2018.
Learning Objectives :
- Learn about the background behind the regulations and how that helps in understanding the New Rules
- Learn if your organization meets the new requirements for reporting, fewer will have to report in the future
- Learn the changes made in the types of loans which will be covered by reporting
- Know what changes in processes and IT will be required on what dates
- Know where to find authoritative detail.
Who Will Benefit:
- Loan Officers
- Clerks and auditors
- Lenders
- Personal bankers
- Loan assistants and processors
- Loan Operations Staff
- Compliance Officers, Fair Lending Officers
- IT staff, and auditors.
Jim George
Independent consultant, George Consulting LLC
Jim George is an independent consultant working with major banks and other financial institutions in areas of mortgage, compliance management, and risk management. He was formerly an Associate Partner in the Bank Risk and Compliance unit of IBM Consulting and with PriceWaterhouse-Coopers consulting before that. Jim worked for the Director of Operations in HUD’s Office of Fair Housing around the time HDMA reporting regulations were first implemented. He was Senior Vice President of Operations and Compliance for a mortgage servicing company.
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