The Home Mortgage Disclosure Act
Are you ready to collect over 40 pieces of information for every mortgage loan you make? And are you aware that many more loans will be on your LAR than there have been there in the past, while some loans that use to appear on the LAR will no longer appear? The year 2018 will bring many changes.
While the Home Mortgage Disclosure Act (HMDA) has existed for many years, recent regulatory activity will increase the potential for errors. While in many ways the new rule is simpler, the volume and complexity of
information that will have to be collected will create great strains on your institution. Bankers, now more than ever, have to understand the HMDA rules. This seminar will discuss the changes.
HMDA assumes that everyone lives in an absolutely cookie cutter world – which of course is not even close to
accurate. While the new rule takes out some guesswork, it certainly does not solve every possible problem. This
seminar is designed to help you get ready for 2018 and beyond. We will not be focusing on the current rule (still effective for 2017 information gathering) – we will be focusing on the new rule.
- The Purpose of HMDA
- Government Monitoring Information
- Reporting Responsibility
- The HMDA LAR
- Guidance and Basic Concepts
- LAR Format
- The Fields
- Record Retention
- The Disclosure Statement
- Lobby Notices
Adam Witmer, CRCM, Senior Consultant
Adam Witmer is a Senior Consultant with Young & Associates, Inc. where he focuses on regulatory compliance. Adam is a popular speaker who tries to make compliance fun by providing real life stories that apply to the topic at hand. He conducts seminars for state banking associations throughout the United States, provides in-bank training for clients, delivers keynote speeches, and puts on compliance webinars. In addition to compliance education, Adam serves client banks in the Midwest through consulting and by writing articles for various publications. Prior to joining Young & Associates, Inc., Adam served as an officer and the Director of Compliance for a multi-bank holding company. He has held the titles of Compliance Officer,
BSA Officer, and CRA Officer for multiple banks, and has experience in the areas of internal audit, deposit and loan operations, retail banking, and secondary market lending. He holds the designation of Certified Regulatory Compliance Manager (CRCM) by the Institute of Certified Bankers in Washington, D.C. Adam earned a BA in Business Administration from Taylor University and an MBA in Management and Human
8:30 a.m. Registration & Continental Breakfast
9:00 a.m. Program Begins
12:00 Noon Lunch (included)
1:00 p.m. Program Resumes
4:00 p.m. Program Adjourns
This seminar will be held at the IBA Center for Professional Development, 6925 Parkdale Place, Indianapolis, IN 46254. Directions, map & list of hotels are available at www.indianabankers.org or by calling 317-387-9380.
The following fees include the program, training materials, continental breakfast, lunch and refreshments:
$325 First Person
$155 Additional Member from Same Institution
Participation in IBA programs is limited to members, associate members, and nonmembers from an eligible membership category at applicable member or non-member rates.
WHO SHOULD ATTEND
Anyone who is involved in HMDA reporting or fair lending compliance will find this seminar invaluable. Those who will benefit greatly from this seminar are personnel involved in collecting the data from the applicant(s), reporting the data to the regulators, training applicable employees, ensuring compliance with the requirements (e.g., compliance officers and auditors), as well as anyone who wants a more meaningful understanding of the information this data can provide.
For more information please contact Elizabeth Kilty via e-mail at email@example.com or call 317-387-9380.
Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations 1 day prior or absences on the day of the program. Substitutions are welcome at any time.