A commercial loan secured by an eight-unit residential apartment building is being originated for the purpose of reimbursing the borrower for the purchase and renovation of the apartment building. Is this loan HMDA reportable?
Join HMDA Boot Camp for the answer to this question, and many other HMDA questions. Whether you are reporting all HMDA fields or limited fields under the exemption, there is a lot that goes into preparing the HMDA LAR. We will review:
HMDA Boot Camp is an in-depth program reviewing all requirements of Regulation C. If you are new to HMDA or are an experienced HMDA reporter, this program will be beneficial. The program allows time to address any HMDA questions from participants.
FacilitatorsMichelle Strickland, CRCM, is managing partner and co-president at TCA. Her banking background includes consumer, residential, and secondary market loan processing, and most recently, with a large Indiana bank, responsible for loan servicing, commercial loan processing, and documentation, and residential and consumer loan processing and documentation.
Monique Reyna, CRCM, is a compliance consultant at TCA with more than 25 years of lending experience. During her early banking career, she held positions in processing, underwriting, closing, post-closing, and servicing. Prior to joining TCA, she served as senior vice president of lending overseeing regulatory compliance within the lending department, including developing bank policies and procedures, conducting internal compliance reviews, and providing staff training.
Fee Per PersonMember $265Nonmember $445