Be sure to JOIN US on January 19, 2021, for our webinar, “HMDA: Are You Ready to Submit Your 2020 HMDA Data?”.
On January 1st, the CFPB opened the filing period for 2020 HMDA data so it’s time to begin the preparations to submit your data. When it comes to many compliance requirements, you can prove compliance by simply demonstrating your process. For instance, there are certain disclosures that aren’t required to be signed by the customer and/or do not have specific retention requirements. How do you prove you gave those disclosures? Maybe your software automatically prints them, maybe you notate when the disclosure was given on a loan checklist, etc. These all help demonstrate your process. When it comes to reporting/submitting your HMDA data; however, you want to be a little more precise in your “proof”.
Listen to David explain more
Find all about HMDA – https://www.bankerscompliance.com/regulations-we-cover/home-mortgage-disclosure-act/
David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.
He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.
David and his wife Karen have three adult children, four grandchildren (none of whom live at home!) and two cats (of which Dave is allergic … the cats, not the children!). They recently moved to an acreage outside of Lincoln, Nebraska where he gets to play with his tractor. When possible David can be found fishing, making sawdust in his shop, or playing the guitar and piano. He also enjoys leading worship at his church.