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|Event Name:||*CU FOCUSED* - HMDA Data - Trust but Verify|
|Date:||Tuesday, December 4, 2018 1:30pm CST|
|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.
|Credits:||2.0 CE Credits|
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.
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.