The Essentials of HMDA
The Essentials of HMDA eLearning course addresses the changes to the Home Mortgage Disclosure Act. This Indecomm Mortgage Learning course explains the importance of HMDA from a practitioner's perspective, adressing why compliance is critical to both the business entity as well as each mortgage professional. It also examines the use of HMDA data and what risks are involved with inaccurate reporting.
This course examines the importance of collecting, evaluating, and reporting accurate HMDA data at ALL staff levels and the regulatory actions that could be imposed upon your institution as a result of reporting inaccurate HMDA data. HMDA continues to evolve and change and the learner must be attuned with these developments and understand how they pertain to their role in the mortgage industry.
Upon returning to the office, students will be able to have a clear understanding of their role in collecting, evaluating, and reporting accurate HMDA data.
This course will take approximately 60 minutes to complete. Upon successful completion of the course assessment, you will earn a certificate of completion.
Learning Goals and Objectives
Upon completion of the course, students will be able to:
This course is designed for mortgage lending professionals of all staff levels responsible for any phase of the mortgage cycle, from origination to closing.