The disclosure reports for the 2012 HMDA reporting year will probably be available by September. What story will your institution’s HMDA performance tell to regulators, community groups, the press, and anyone with Internet access? Will your credit union compare favorably with competitors or will your data trends reveal potential discriminatory lending practices? How will you know?
Where do you find the answers to these questions? This webinar explains the examiners’ approach when analyzing HMDA performance. You will receive practical analysis tools to monitor HMDA activity throughout the year to proactively manage fair lending concerns. HMDA data analysis is the first step to defend your fair lending program. Learn how to document that your lending practices are based on non-discriminatory factors and avoid a "criteria interview” and a fair lending exam.
- Data integrity and accuracy are crucial. Learn the definitions, common reporting errors, and best practices for HMDA data validation, including tips for using the new HMDA Getting it Right! guide released April 18, 2013, and the FFIEC geocode system that was updated July 10, 2013.
- NEW! The NCUA issued a new Fair Lending Guide in March and explained their expectations for fair lending compliance, including the importance of accurate HMDA reporting and analysis.
- Could your credit union be a "HMDA outlier” because the data shows the lending patterns are outside the normal range for pricing, denials, withdrawals, or lending terms? What’s normal? How to identify pricing discrimination triggers from the most-recent fair lending exam "benchmarks”
- Learn how to avoid common analysis mistakes and correctly compare "apples to apples”
- TAKE-AWAY TOOLKIT
- Cheat sheet to give simple data control steps for each of the 26 data fields
- HMDA Data Collection Worksheets to help you work smarter, not harder
- HMDA flow chart to identify reportable transactions
- Highlights of the new 2013 119-page Guide to HMDA Reporting: Getting It Right!
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
Who Should Attend?
This informative session is for senior lending management, loan officers, compliance officers, risk managers, and auditors. It is designed for both new and experienced staff who deal with HMDA analysis and fair lending concerns.
ABOUT THE PRESENTER – Susan Costonis, Compliance Consulting and Training for FIs
Susan Costonis is a compliance consultant and trainer. She specializes in compliance management along with deposit and lending regulatory training. Most of her 34-year career was spent as a banker in several areas including lending, loan administration, electronic banking, and compliance risk management.
Susan has written numerous training manuals and successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has worked for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and "translates” complex regulations into simple concepts by using humor and real life examples.
Lending Council members receive a 10% discount
|Over $75 million
|$7 - 75 million
|Under $7 million
Scholarships are available for all KCUA education events. Scholarships pay 100% of registration fee for credit unions under $7M, 50% for credit unions between $7-$75M and 25% for credit unions over $75M.
Cancellation Policy: Sorry, no cancellations are allowed after connecting instructions and handout materials are distributed to registrants. Substitutions are welcomed and encouraged.
Please note: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.