Avoiding HMDA Reporting Mistakes
In the process of developing HMDA (Home Mortgage Disclosure Act) training reports it is possible to make a variety of mistakes. Some of these HMDA reporting is considered more significant than others. Some HMDA compliance are more common than others. If the number of mistakes is high, it can result in rework and even fines. This can result in loss of trust in your institution by regulators, which is never a good thing.
Why Should You Attend
This webinar is based on statistics as to common mistakes and the experience of a former regulator as to which mistakes will viewed as most significant to the regulators. It will also cover material useful in helping any operation with human error training.
Areas Covered in this Webinar
A brief introduction from the viewpoint of a former regulator
The worst mistake: omission (non-reporting)
Specific errors in reports filed
Ways to reduce human errors
Learn how regulators view the importance of HMDA reports and what their major concerns are likely to be
Understand the most common errors, so as to focus improvement where the effort will mostly bring benefits
Understand which errors are most likely to be viewed as serious by regulators
Tools and techniques that have proven useful in helping management to reducing mistakes
Who Will Benefit
Anyone working in HMDA Reporting at a bank or mortgage company or mortgage servicer including
Jim George is an independent consultant to banks focusing on issues of risk and compliance, AML, and fraud. He brings over 25 years of experience as a consultant to major banks in Associate Partner and Principal roles at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting (now Accenture). He has also been SVP Operations for a major Insurance Company providing insurance outsourcing services to the banking industry.
Jim’s work has included projects in AML and fraud investigation, prevention, identity/KYC issues, and related systems. His background includes work in bank operations and payments strategy, systems, reengineering, and quality improvement.