HMDA Reporting Part 1: Application Basics

HMDA could be an acronym for How Much Data Applies? In reality, the Home Mortgage Disclosure Act does require collection and reporting of data regarding dwelling-secured applications. Part 1 of this three-part series will provide the definitions, demographics, rules, and application basics you need.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Distinguish a “prequalification” which is not HMDA reportable, from a “preapproval” which is reportable
• Effectively use the CFPB’s HMDA resources to identify potential applications
• Define various types of dwellings that trigger a HMDA application
• Explain to applicants the need to collect demographic information
• Understand the elements of a “completed” application

For more information or to register CLICK HERE