HMDA: The Importance of the Credit Decision

Date Recorded: December 1, 2025
Presented by: Natalie Straus, Director, Forvis Mazars LLP

A two-hour webinar discussing HMDA rules dependent upon the credit decision/completed application – including action taken.

Complying with the Home Mortgage Disclosure Act/Regulation C can be a tricky thing. There are numerous rules that provide specific definitions or requirements that we may be unaware of or may confuse us, which causes us to violate them. One of these issues is the credit decision. Throughout the HMDA requirements, the rules place an importance on if, and when and how a financial institution makes a credit decision everything from who reports, to what action was taken (and the confusing withdrawal code), to reporting certain data points that depend on the institutions’ decisions.

In order to really understand HMDA, we also need to understand the Equal Credit Opportunity Act/Regulation B rules on what is a “completed” application.

This webinar will focus on these issues. We’ll not only review the rules in the context of consumer loans but for business loans as well. In fact, business loans tend to be even more confusing! We will discuss how an institution’s procedures are critically important.

HERE IS WHAT YOU WILL LEARN:

• Who reports – investors and brokers
• GMI and completion of information
• Data points
  • Action taken (including conditional approvals)
  • Gross annual income
  • Credit score
  • Debt-to-income
  • Loan-to-value
  • Property value
  • Automated underwriting system
• ECOA
  • Definition of complete (versus incomplete) application
  • Review of notification
• Importance of the institutions’ procedures in complying

FORMAT/INSTRUCTIONAL METHOD: GROUP INTERNET BASED
An online presentation and any additional supplemental materials, as applicable, will serve as the basis of the presentation. You will have the option to stream the audio through your computer or dial-in using a telephone number/PIN. Ample time will be dedicated to taking questions from attendees. Be sure to submit your questions during the webinar, as we are unable to offer telephone or email support after the presentation.