How to Scrub Your HMDA DATA – ON-DEMAND WEBINARS

Recorded: January 14, 2022

Presenter: Ms. Leah Hamilton, VP and Senior Consultant, FORVIS

Because HMDA data serve numerous important purposes, validating the accuracy of HMDA data is essential. The regulatory agencies leverage HMDA data for various supervisory activities, including Fair Lending and Community Reinvestment Act (CRA) examinations. HMDA data also serve as a vehicle to inform the public and local, state, and federal officials of housing trends and issues.

Join this two and a half hour How to Scrub Your HMDA Data Webinar to learn tips on scrubbing your HMDA data for accuracy, including how to quickly identify certain fields for accuracy, what documents should be used in validating data, and how to create a Data Source Worksheet. We will also review the HMDA transaction requirements examiners must conduct in reviewing your data!

During this two and a half hour How to Scrub Your HMDA Data webinar, we will cover:

• Quickly review data requirements for full HMDA reporters vs. partial exemption reporters
• How to create a Data Source Worksheet to ensure data is consistently retrieved from the same original source
• How to identify the accuracy of certain fields within minutes!
• What you should be validating data back to
• How to partner with the front line to correct errors
• What the transaction testing requirements that examiners must undertake when reviewing HMDA data
• How to test loans that may be reportable but missed