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State of HMDA in 2025: Rules and Tips for Successful Submission

Where are the typical problem areas and regulatory focal points of HDMA? HMDA is always one of the more complex regulatory topics out there. There are more than a few tripwires and tricky data points to keep track of, and that requires a detailed and consistent process to ensure the right information is collected and submitted every time.

Upcoming
Tuesday, January 28th, 2025
10:00 am - 12:00 pm
Presented by Carl Pry
2.5 CRCM Credits
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Lending
  • Lending Compliance
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Compliance Officer
  • IT Professional
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Senior Management
  • Training Manager
  • Trainer

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We’re in an age where regulators are citing lenders for data integrity violations and even assessing civil money penalties How is your process?

In this webinar, we’ll review all the pain points of HMDA, including the always-challenging action taken and a variety of other data points. We’ll review the differences between prequalification and preapproval, as well as conditional approval.

We’ll also address a number of other questions. What will examiners be looking for? What are the fair lending issues and risks you need to be aware of after submission? We’ll discuss the current state of HMDA so close to submission in this session, and get your questions answered, as well as provide many useful resources.

What You'll Learn

  • Reporting thresholds, including impact to small reporters through exceptions
  • Detailed coverage rules: Who collects and submits information, and when, including the partial exemption for certain banks
  • What types of loans (and lines of credit) are reportable
  • The dwelling-secured loan standard: What does this impact? What is a “dwelling?”
  • Clarifications and definitions, including exceptions – knowing what not to report
  • Impacts on commercial loan areas
  • Handling HELOCs
  • Dealing with conditional approvals: When to report and when to not report
  • LAR fields and details on data requirements, with emphasis on vague and gray areas
  • Data reporting on the property, loan type, and loan features, plus identification information (including subcategories)
  • How GMI is reported (including differences in new 1071 reporting)
  • The submission process – the mechanics
  • Quarterly reporting for large reporters
  • How the public obtains HMDA information changes
  • Practical and compliance implications

Who Should Attend

This session is ideal for loan officers, managers, processors, compliance and fair lending officers, auditors, counsel, and anyone else with HMDA-related responsibilities, including data collection, reporting, analysis, and disclosure.

Carl Pry

Instructor Bio

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors in Washington, DC. Through his more than 30-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves as the Chair of the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Continuing Education Credit Information

State of HMDA in 2025: Rules and Tips for Successful Submission has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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