Course length: Approximately 31 minutes
This course focuses on Home Mortgage Disclosure Act (HMDA) data collection and reporting. Despite renewed focus on mortgage compliance and fair lending practices, violations of the Home Mortgage Disclosure Act (HMDA) remain a common occurrence. Though HMDA violations are most often related to data reporting errors, fines and other penalties may still be imposed if errors are frequent and recurring. You will learn about the requirements guiding data collection and the requirements for reporting that data annually, as well as the requirements for disclosing that data.
This course is intended for ...
• Loan Originators
• Compliance Officers
• Branch Managers
• Operations Managers
Visa, MasterCard, and American Express