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CFPB launches new HMDA tool, but also is seeking MASSIVE expansion of HMDA reporting requirements, including information on rate spread, use of teasers, prepayment penalties, loan officer identification, underwriting information (including DTI and LTV), age and credit score, QM status, and use of AUS (Automatic Underwriting Systems). However, some streamlining is also proposed. [2/10]
Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.
What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video