Tools and Techniques to Reduce Common HMDA Reporting Mistakes
Mistakes are always a possibility when developing HMDA reports. Some of these mistakes are significant and can result in rework and even fines, leading to distrust in your institution by regulators, which is never a good thing. There are some common mistakes that you can easily avoid if you take a few simple precautionary measures.
The focus of this webinar by expert speaker Jim G. George will be on the best available information as to the most frequent and important errors detected by the HMDA regulators. Questions such as what are common mistakes made with respect to HMDA reporting and what can be done to reduce mistakes will be answered by Jim in this session.
A brief introduction from the viewpoint of a former regulator
Omission (non-reporting) and how it is the worst mistake
Common and specific errors in reports filed
Way to avoid the mistakes in HDMA reporting
Ways to reduce human errors
Management's role in avoiding mistakes
The associate's role in avoiding mistakes
Who Should Attend
Anyone working in HMDA reporting including associates, supervisors, and managers
Mortgage Industry professionals
Marketing coordinates, administrators, managers, presidents and vice-presidents of banks, credit associations, and mortgage companies
Jim G. George is an independent consultant working with major banks and other financial institutions in areas of AML, KYC, anti-fraud, and risk management. He was formerly an Associate Partner in the Bank Risk and Compliance unit of IBM Consulting and with PriceWaterhouse-Coopers consulting be...
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