Preparing for HMDA

HMDA Hub

At Mortgage Builder®, compliance is an integral part of our business. We have a deep bench of mortgage experts and as your trusted mortgage partner, we work tirelessly with you to help you prepare for any changes in regulations – including HMDA. Not only are we committed to updating our LOS , but we deliver training, education, and resources to help you prepare.

In 2018 we will see new HMDA regulations that will significantly affect the loan origination process. In an effort to make this transition as easy and as efficient as possible, we are beginning education and preparation now. We invite you to join us. Check back often as we will be continuously updating this site and adding new HMDA resources. Enjoy.

Melissa Kozicki, Director of Compliance, and HMDA Expert

Melissa Kozicki

Mortgage Builder Director of Compliance

Events

Our compliance team has access to the latest HMDA information, and you have access to our team. We run webinars, workshops and conferences regularly and share information about regulations as they become available. Our events are interactive with live Q&A so you can get the most out of the material.

Fair Lending Act

Melissa Bridges from Bodman PLC joins us to discuss some of the Fair Lending regulations and how new HMDA rules in 2017 may affect it.

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HMDA Overview

This series of 30 minute videos will help you understand the basics of the new HMDA rule.

Previously Recorded Webinars

Who Reports What, When – Part I

This introduces the new regulations, rule changes and requirements HMDA is forcing lenders to follow.

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What Loans Get Reported – Part II

This webinar details the types of loans that get reported, as well as details on what qualifies as what.

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HMDA – Data Points – Loan and Fee Info – Part III

Our 3rd installment of our HMDA series goes in loan and fee information you may be unaware of.

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HMDA – Data Points – Loan Terms – Part IV

Melissa Kozicki discusses different loan terms including balloon and interest only payments in our 4th installment of our monthly webinar series.

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HMDA – Data Points – Property & Borrower Info – Part V

This is Mortgage Builder’s 5th installment of our monthly webinar series that goes into detail on what property owners and borrowers needs to know about the new HMDA regulations.

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HMDA – Data Points – Credit and Underwriting Info – Part VI

This is the final installment in our monthly HMDA webinar series. We go into detail about what property owners and borrowers need to know about the impending HMDA changes for 2018.

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HMDA – Data Points – NA/Blank Fields – Part VII

What you need to know about reporting fields that are not applicable

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HMDA – Data Points – Prep & Implementation – Part VIII

In our webinar “HMDA Prep & Implementation”, Melissa Kozicki is joined by Sheila Strong to discuss how to get you on track and stay there during your implementation.

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HMDA – Data Points – Optional and Procedural Fields – Part IX

In our webinar “HMDA Optional and Procedural Fields”, Melissa Kozicki is joined by Sheila Strong to teach you what operational decisions you need to make in order to accurately report HMDA data.

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HMDA – Preparing Your Loan Officers for HMDA – Part X

Learn how to prepare your MLOs for the new HMDA rules.

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HMDA – Data Points – Deep Dive into Operational Decisions – Part XI

Join us for a close look at some of the critical data elements that will rely heavily on your defined procedures. In particular we will focus on credit decisions, AUS and credit scores.

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What’s New With the New HMDA Rule – Part XII

Join us for a close look at some of the critical data elements that will rely heavily on your defined procedures. In particular we will focus on credit decisions, AUS and credit scores.

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Additional resources

The Home Mortgage Disclosure Act (HMDA) is a United States federal law that requires certain financial institutions to provide mortgage data to the public. Congress enacted HMDA in 1975, and it is implemented by Regulation C. The Dodd-Frank Act transferred HMDA rule-making authority from the Federal Reserve Board to the Consumer Financial Protection Bureau (CFPB) on July 21, 2011.

But there is much more. We are constantly reviewing resources made available by others, as well as generating many reports and tools of our own. The Mortgage Builder HMDA Hub is your one-stop-shopping source for HMDA-related materials.

Stay informed

The only thing that is constant is change. Between now and when the new HMDA regulations go live we will see more details, new resources, potential changes, and additional tools. We communicate regularly with our community and want you to be fully informed and prepared. Be sure to get the latest.

For customers

Register to receive invitations to HMDA events

“Mortgage Builder is on top of compliance. They worried about TRID so we did not have to.”

Barry Park, Vice PresidentFidelity Bank