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Date Recorded: August 16, 2021

Presenter: Natalie Straus, CRCM, Vice President, FORVIS

Join us for a ninety-minute webinar where we will tackle one of HMDA’s trickiest data points.

All HMDA reportable institutions must wrestle with determining the correct way to classify the action taken for their applications. Complicated issues like conditional approvals, counteroffers, and credit decisions can cause distress to even the most seasoned of HMDA reporters. We will break down common problem areas, address key concepts and discuss sample scenarios to help you confidently navigate these notoriously problematic areas.

You’ll learn how to identify applications and preapprovals that were:

  • Originated
  • Approved but not accepted
  • Denied
  • Withdrawn
  • Closed for incompleteness
  • Purchased
  • Preapproval request denied
  • Preapproval request approved but not accepted

We’ll talk about:

  • Conditional approvals
  • Customary loan closing conditions
  • The effect of counteroffers
  • The impact of a credit decision on withdrawn applications
  • How to code applications when the applicant ignores all contact
  • Important documentation

We’ll also take time to address questions and other concerns.

Who Should Listen

This webinar is designed for all HMDA reporters. Appropriate staff to attend would include loan officers (including commercial loan officers), compliance officers, loan processors, loan administration, loan review and internal audit personnel.

Program Level: Basic

Prerequisite/Advanced Preparation: Basic Knowledge of Lending Regulations

Field of Study: Specialized Knowledge

Copyright Disclaimer

Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.