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.

Session Highlights

• 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
• Loan processors
• Retail mortgage professionals