Auditing for HMDA Compliance, Including New Data Collection Rules

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The expanded data points for 2018 have taken the HMDA challenges of confirming data integrity and detecting fair lending red flags to a new level. There are two potential sets of HMDA rules for 2018. The CFPB changed the rules retroactively on Aug. 31, 2018, for institutions that originated fewer than 500 closed-end or 500 open-end loans in each of the preceding two calendar years. Banks must also have at least a satisfactory CRA rating. Attend this webinar to learn which rules will govern your institution and their effect on your HMDA audit process.


  • Are you a “large” reporter or eligible for the HMDA exemptions? 
  • Requirement changes 
  • Defining the audit scope 
  • How to find and verify data
  • Challenges with auditing demographic information
  • Using data to detect fair lending red flags
  • If exempted from some data reporting, which fields should still be collected as a fair lending best practice?


  • Template for audit workpapers
  • HMDA audit checklist and list of data fields for each data point
  • Fair lending steps for denied consumer and commercial applications
  • CFPB resources
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key

This informative session is designed for auditors, compliance officers, fair lending officers, loan operations staff, loan officers, and loan assistants.

PLEASE NOTE: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.

ABOUT THE PRESENTER – Susan Costonis, CRCM, Compliance Consulting and Training for FIs
Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.

Originally recorded on December 6, 2018.

Recorded webinar is available until June 30, 2019.

Free Digital Copy included with purchase to download and view beyond link expiration date.

Price includes sales tax.