TOPIC: HMDA

Last Chance to Register! Webinar - Understanding Fair Lending Compliance Risk

Whether you’re a risk management or compliance professional, join us for advice on how to protect your institution and ensure borrowers are treated fairly. Register today!

In the race to comply with fair lending regulations, the finish line is constantly moving. Evolving HMDA requirements and increased public interest in allegations of discrimination makes running afoul of fair lending regulations more than just a regulatory and financial headache. It can also be a public relations nightmare.

This webinar will help you understand fair lending compliance risk and the nine essentials of a strong compliance management program. You’ll gain insights into:
  • Today’s fair lending landscape
  • Lessons learned from recent fair-lending settlements
  • Mitigating key fair lending risks
  • Redlining compliance risks
  • Tips for improving fair lending compliance
Register today!

    Webinar - Fair or Foul: Understanding Fair Lending Compliance Risk

    Whether you’re a risk management or compliance professional, join us for advice on how to protect your institution and ensure borrowers are treated fairly. Register today!

    In the race to comply with fair lending regulations, the finish line is constantly moving. Evolving HMDA requirements and increased public interest in allegations of discrimination makes running afoul of fair lending regulations more than just a regulatory and financial headache. It can also be a public relations nightmare.

    This webinar will help you understand fair lending compliance risk and the nine essentials of a strong compliance management program. You’ll gain insights into:
    • Today’s fair lending landscape
    • Lessons learned from recent fair-lending settlements
    • Mitigating key fair lending risks
    • Redlining compliance risks
    • Tips for improving fair lending compliance
    Register today!

      HMDA Purchased Loans

      Employee at a bank ($1.1BUSA)

      What do you report for Total Units? Do you report the total units based on the number of units securing the loan at the time of purchase or at the time of origination? 

        Do you need a HMDA or CRA transmittal tool?

        The most frequently asked question we receive about HMDA and CRA submission is not how to do it, but whether you need a software solution to do it. If you're wondering why you might need a HMDA or CRA transmittal tool, this post is written just for you! You'll learn answers to the top five most common FAQs, including the basics of the HMDA and CRA transmittal process, what tools are on the market, and why you might need one.

        Read it here: https://www.trupointpartners.com/blog/why-do-i-need-a-hmda-and-cra-transmittal-tool

          New CBANC member benefit: CBANC Network announces the acquisition of Lendwell

          Pleased to announce a new benefit for the CBANC community.  We've acquired Lendwell, a mortgage settlement services provider used by hundreds of small- and mid-sized FIs. 

          Our acquisition of Lendwell is the next step in our strategy of unlocking the power of cooperation and the collective purchasing power of thousands of financial institutions within the CBANC Network. The Lendwell platform will help our network members reduce the cost of lending operations while improving their ability to serve their customers.

          FIs can expect to save up to two hours of time per mortgage file and 15-20% on services like AVMs, property assessments, flood certifications and many others. Best of all, there's no up front fee for CBANC members, and it'll take about half an hour to get up and running with Lendwell.

          Learn more and start the sign-up process at www.cbancnetwork.com/lendwell

            How many different programs or services do you currently use in your Mortgage Loan or Heloc process? More than two?

            You should take a look at our partners at Lendwell. You could get everything from:
            •    Automated Valuation Models
            •    Closing Services
            •    Document Preparation
            •    Flood Determination
            •    Legal & Vesting Reporting
            •    Lien Protection
            •    Property Appraisals
            •    Property Condition Reports
            •    Property Reports
            •    Title Insurance

            Get everything you need in one place. See more about Lendwell and Download our attachment.

              How to Prepare for the Public HMDA Data Release Next Month!

              The public HMDA data will be released in early May. Are you ready? Here are the basics: new data is coming; it will be different and have more depth. This blog will cover what will be included, what you need to know, and how to prepare for the May 2019 HMDA data release. Read it here: https://www.trupointpartners.com/blog/how-to-prepare-public-hmda-data-may-2019 

                HMDA DATA COLLECTION FORMS - FILLABLE (UPDATED) - for Exempt Banks and Non-Exempt Banks

                VP at a bank ($470MUSA)
                I have shared these forms in the past, but had some CBANC colleagues ask for some enhancements.  So with the help of others, I think we finally have these forms where anyone can use them.  They still come with a disclaimer that they have not been approved by examiners or an attorney.  Use at your own risk.  The order of the items on the worksheet goes along with the order they would be entered in the CFPB LAR.  Not perfect, but the best I could do trying to keep to 4 pages. 

                  HMDA Data Collection Form for Exempt Banks - Fillable File (Updated)

                  VP at a bank ($470MUSA)
                  I shared this form a few days ago.  I had the income field formatted to numbers only.  Since we sometimes need to use "NA" for an employee application,  I reformatted that field.  If anyone finds other changes they think would make this form more useable please send me a note and I can try to make the changes for you.