Home Mortgage Disclosure Act (HMDA) 2021: Reporting in 2021 for HMDA FFIEC 2020 Version

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Live Webinar

  • 60 minutes

Now it’s time for reporting in 2021 as FFIEC has already issued A Guide to HMDA Reporting Getting It Right 2020 which applies to data HMDA requires covered institutions to collect in 2020 and report to supervisory agencies by March 1, 2021. 

This webinar will provide valuable assistance to all personnel with HDMA reporting responsibilities in banks or other mortgage issuing institutions: 

  • Statement of FIL Rescission Date: This Financial Institution Letter will retire to inactive status one year after the date of its issuance, on February 13, 2021.

  •  Compliance with regulatory requirements 

  • Who must report 

  • What must be reported 

  • What kind of errors are common 

  • What errors cause the biggest regulator reactions 

  • General concepts of error reduction 

HMDA reporting used to have a very high error rate. This has been lessened by a system upgrade three years ago.  But rules have been changing and we have now been implementing the “final rules” 

Session Highlights: 

  • Learn how regulators view the importance of HMDA reports and what their major concerns are likely to be 

  • Understand the most common errors, so as to focus improvement where the effort will mostly bring benefits 

  • Understand which errors are most likely to be viewed as serious by regulators 

  • Tools and techniques will be discussed that have proven useful in helping management reduce mistakes.

Why Should You Attend:

 In the process of developing HMDA (Home Mortgage Disclosure Act) reports it is possible to make a variety of mistakes. Some of these are considered more significant than others. Some are more common than others. If the number of mistakes is high, it can result in rework and even fines. This can result in a loss of trust in your institution by regulators, which is never a good thing. The Topic is based on statistics as to common mistakes and the experience of a former regulator as to which mistakes will view as most significant to the regulators. It will also cover material useful in helping any operation reduce human errors. 

Who Should Attend: 

  • Chief Compliance Officer 

  • Chief Lending Officer 

  • Supervisors and managers in the HMDA function. 

  • Associates who prepare report input. 

Advanced Preparation: None

Program Level: Intermediate 

Prerequisites: None

Field of Study: Accounting

You may ask your Question directly to our expert during the Q&A session. 

** You can buy On-Demand and view it at your convenience.

Jim  George

Jim George

Jim George is an independent consultant to banks focusing on issues of risk and compliance, AML, and fraud. He brings over 25 years as a consultant to major banks in Associate Partner and Principal roles at PriceWaterhouse-Coopers Consulting, and IBM Consulting in Bank Risk and Compliance. Jim was the lead consultant to a major Federal Justice Department Taskforce investigating money laundering in Miami.

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PLEASE NOTE: To receive credit through the NASBA for this program you MUST attend the Live program in its entirety and complete the required progress checks.

Number of CPE Credits Awarded for This Course: 1 (Accounting - 1.0)

Delivery Method: Group Internet Based

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