2019 - New HMDA Rules for 2019

OVERVIEW
The Home Mortgage Disclosure Act (HMDA) requires certain institutions to collect, report and disclose information about their mortgage lending activity. Regulation- C implements HMDA and sets out specific requirements for the collection, recording, reporting and disclosure of mortgage lending information. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) transferred rulemaking authority for HMDA to the CFPB, effective July 2011.
This course addresses the fact that the rules change significantly in 2017, 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.
LEARNING OBJECTIVES
A brief introduction to HDMA, from the viewpoint of a former regulator
Key dates for HMDA changes
Transactions which must be included in reports
Data which will be reportable
Processes for submission
Information gathering and
WHY SHOULD YOU ATTEND
To understand what changes are being made in the HMDA program / Reg. C so as to be prepared to comply
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?
HMDA Compliance Manager
Underwriting Manager
Mortgage Banking Leaders
Risk and Compliance Officers
SPEAKER
Jim George is an independent consultant to banks focusing on issues of fraud. He has over 25 years’ experience as a consultant to major banks in an associate partner and principal roles at PricewaterhouseCoopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting (now Accenture). He has also been SVP Operations for a Fortis-US division providing outsourcing services to the banking industry.
For more detail please click on this below link:
http://bit.ly/2k2kWuf
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