Auditing for HMDA Compliance Including New Data Collection Rules

Dec 06, 2018
Program Overview: 

PDF Brochure Thursday, December 6, 2018       3:00 - 4:30 pm

HMDA audits have always presented the challenges of confirming data integrity and also detecting potential Fair Lending “Red Flags”.  The expanded data points for 2018 have taken these challenges to a new level.  There are TWO potential sets of HMDA rules for 2018.  The rules were changed retroactively on August 31, 2018 by the Bureau for Consumer Financial Protection for financial institutions that meet lower threshold limits*. These rules implement the changes made to HMDA by the Economic Growth, Regulatory Relief, and Consumer Protection Act that was signed into law on May 24, 2018.  Which rules will govern the HMDA audit process for your institution?  What do you need to know?



  • What is the appropriate audit focus for your institution?  Are you a “large” reporter or eligible for the HMDA exemptions?
  • What is no longer required for exempted institutions? What is STILL required?
  • What should an audit scope include?  Where do you find and verify the data?
  • Challenges with auditing demographic information
  • Using the data to detect Fair Lending Red Flags
  • If the institution is exempted from reporting some of the data fields, what fields should still be collected as a best practice for Fair Lending? 

Take-Away Toolkit

  • Template for Audit Workpapers
  • HMDA audit checklist and list of data fields for each data point
  • Fair Lending Steps for Denied Consumer Applications
  • Fair Lending Steps for Denied Commercial Applications
  • CFPB Resources



Susan Costonis is a compliance consultant and trainer who began her career in 1978.  She specializes in compliance management along with deposit and lending regulatory training.  Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies.  She has been a compliance officer 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.



This informative session is designed for:  Auditors, Compliance Officers, Fair Lending Officers, Loan Operations, Loan Officers and Loan Assistants.













Live Webinar
    $255.00 Single Location
    $150.00 Each Additional Location

Recorded Webinar & Free Digital Download

Premiere Package (Live & Recorded Webinar with Free Digital Download)


Live Webinar
    $300.00 Each Additional Location

Recorded Webinar & Free Digital Download 

Premiere Package (Live & Recorded Webinar with Free Digital Download)

Association Contact: 

If you have any questions or need additional information, please contact Marcy Borden at 317-387-9380 or

Cancellation Policy: 

Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. If your bank is unable to participate after registering, you can select to purchase the on-demand presentation.

Webinar Options: 

1.  Live Webinar
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. Registrants receive a toll-free number & pass code that will allow entrance to the seminar. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast.  You will need the most current version of Adobe Reader available free at

2.  Recorded Webinar & Free Digital Download
Can’t attend the live webinar?  The recorded webinar & Free Digital web link is a recording of the live event, including audio, visuals, & handouts. We even provide the presenter’s email address so you may ask follow-up questions.  Approximately one week prior to the webinar, you will receive an email with the web link.  This web link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.  

LIMITED AVAILABILITY:  The Recorded Webinar & Free Digital Download web link may ONLY be ordered for 6 months following the webinar.

3.  Both Live Webinar & Recorded Webinar & Free Digital Download
Includes options 1 and 2 above

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