$305.00 – $705.00
Date Recorded: October 29, 2021
Presenter: Anetria Cohen, Vice President and Senior Consultant, FORVIS
A two-hour webinar reviewing Fair Lending implications during underwriting, with a focus on recent cases.
Fair lending continues to be an important topic of concern for federal regulators. Of course, financial institutions are prohibited from discriminating against persons on certain bases including race, color, religion, national origin, sex, as well as others. Although this is a relatively straightforward concept, employees may discriminate without intending to do so in a number of ways. Financial institutions are thereby encouraged to be mindful about the potential ways discrimination can occur and train those involved in lending to recognize the red flags.
This webinar will focus on the anti-discrimination requirements under the Equal Credit Opportunity Act (as implemented by Regulation B) and the Federal Housing Act, and how the process of discrimination may occur in underwriting. We’ll also discuss violations in a variety of underwriting contexts, which will provide guidance and practical examples for concerns that financial institutions should be on the lookout for. For HMDA reporters, we’ll discuss briefly how certain data points on the HMDA LAR may cause examiners to potentially believe there are discriminatory concerns.
This informative session is crucial for all in the lending process, including compliance officers, auditors, loan officers, loan processors, and those responsible for servicing of loans.
Program Level: Basic
Prerequisite/Advanced Preparation: Basic Knowledge of Lending Regulations
Field of Study: Specialized Knowledge
Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.