RW Advantage - Webinars

*CU FOCUSED* - HMDA Data - Trust but Verify
Panelist(s) Info: Heidi Wier  (Bio)

Heidi is a Managing Director in the Regulatory Compliance and Internal Audit practices at CrossCheck Compliance LLC. She is a regulatory compliance and internal audit professional with over twenty-five years of experience in the financial and professional services industries. She has consulted with mortgage companies and banks of all sizes on their internal audit and compliance needs. Prior to joining CrossCheck Compliance, her responsibilities included leading the internal audit and controls practice of the Wisconsin office of Jefferson Wells International, where she managed and performed comprehensive audit and compliance reviews for companies of various sizes and industries. She also held positions in internal audit, mortgage operations, and compliance with Banc One Corporation, a twelve-state $90 billion bank holding company, where she provided support throughout the Midwest region.

Heidi has particular expertise in the areas of ECOA, HMDA, Regulation Z, RESPA and other lending regulations and is a frequent instructor for the Wisconsin Bankers Association, and a presenter for the Chicagoland Compliance Association, the California Mortgage Bankers Association, the Illinois Mortgage Bankers Association, and the Texas Mortgage Bankers Association. She is also a published author for several banking and mortgage banking publications. Heidi is a graduate of the University of Wisconsin, Milwaukee, and a Certified Financial Services Auditor (CFSA).


Ensuring the accuracy of Home Mortgage Disclosure Act (“HMDA”) data has always been a challenge and the challenges for 2018 will be even greater. This webinar will focus on ways to effectively review and ensure the accuracy of your HMDA data and avoid regulatory issues and resubmissions.

Regulators expect HMDA data to be accurate and they expect mortgage lenders to implement a system of policies, procedures, training, and ongoing monitoring to confirm its accuracy. Leveraging technology to perform ongoing periodic reviews of HMDA data can help manage that risk and help ensure the accuracy of your HMDA data. Assuring HMDA data integrity, whether manually or through systemic data integrity testing should be an integral part of the ongoing monitoring process.

The accuracy and completeness of HMDA data is also critical to understanding where and to whom loans are being made to manage fair lending risk and to ensure compliance with HMDA. Regulators continue to scrutinize lenders and inaccurate data can lead to costly file reviews, resubmissions, fines, and civil money penalties.

Covered topics:

  • What should your HMDA management system consist of and what will regulators be looking for?
  • Three lines of defense – roles and responsibilities of the business unit, compliance department and audit function regarding HMDA data accuracy.
  • How will the regulators audit your HMDA data going forward?
  • Manual and Systemic File Reviews – The Pros and Cons of each and what method is right for your situation?
  • Manual File Review – What to consider when completing a manual file review and some of the common issues.
  • Systemic Data Integrity – How can leveraging technology help increase the accuracy of your HMDA data and reduce the chances of your having to do more time-consuming and costly manual file reviews?
  • Omissions Testing – Regulators are concerned with reportable applications that are inadvertently omitted from your LAR. How can you test for these to identify issues before the regulators?
  • Red Flags Analysis – Use technology to compare LAR data to the national aggregate data to identify anomalies that may require additional follow up.
  • What does the data tell you – Using HMDA data to assist with fair lending performance assessments?

Who should attend?

This webinar will be beneficial for anyone in your institution who has responsibility for HMDA data integrity or analyzing the information to help manage fair lending risk, including senior management, compliance officers, attorneys and auditors.

Available Sessions:

Recorded On: Tuesday, December 4, 2018
Price: $195.00* < Back To Details
* Invoice will include sales tax as applicable.

Includes a weblink for unlimited viewing for 6-months after the date of the webinar as well as a link to handouts. Does not include live session.


Webinar recording on a CD-ROM plus PDF to print Handouts. Free OnDemand Weblink also included. Does not include live session.

CD-ROM, including full audio/visual recording, plus a PDF file to print Handouts. Free OnDemand Weblink also included.
Total Price: $195.00
Upon registration, an invoice will be mailed to the address provided above.