Bio:
Kathleen Blanchard has over 32 years of experience in banking. She has developed lending and regulatory processes as a banker and consultant and presents detailed regulatory training that is very process specific. Her banking background includes commercial and private banking lending, credit review, credit policy and procedures, risk management and regulatory compliance at both community, regional and large international banks.
Kathleen has been providing training and consulting services for banks, credit unions and non-bank lenders on their regulatory compliance processes, HMDA and CRA reporting, process development and training since 2006. She is a Certified Regulatory Compliance Manager and a BOL Guru for BankersOnline.com. Kathleen presents her views and advice on HMDA and CRA and other regulatory matters at her website, www.kaybeescomplianceinsights.com
Since 2015, Kathleen has been delivering in depth regulatory compliance consulting and training via The HMDA Academy, a unique personalized combination of consulting, training and resources delivered online to assist financial institutions and vendors in learning and applying the revised HMDA process and rules going into effect in 2017 and 2018.
Areas of Expertise:
AML/BSA Independent Audits
Compliance Audits
Compliance Consulting
Compliance Review
CRA
HMDA Analysis
Questions Answered
11/03/2019
What do we report for property value and loan to value if two properties secure the loan, but one was taken in an abundance of caution (AOC) and treated as AOC for the appraisal requirements?
10/27/2019
Is there a difference in reporting the total units for two single family homes vs a duplex where both units secure the loan but are contained in the same “property”? Sometimes the duplex will have separate deeds for the units, other times it is on one deed if there is one owner.
10/27/2019
What time periods are reviewed to determine if a financial institution is a HMDA reporter for the coming year?
10/27/2019
A small business loan was originated last year for 12 months and the maturity was extended this year for another 12 months by modifying the note with a new maturity date. Is this modification included in our small business loan data?
10/20/2019
What do we report for Loan Amount if an application is taken, under our financial institution’s definition of HMDA Application which does not include a loan amount, and the applicant withdraws or the lender denies before we have a loan amount?
10/13/2019
Can an application be reinstated once final action has been taken?
10/06/2019
What income is reported when the income relied upon has been adjusted and is not the applicant’s “gross annual income”?
09/29/2019
How can we accurately determine if a loan is temporary financing or not?
06/02/2019
Our financial institution has always issued conditional approvals and views that as our final loan approval for determining if an applicant has withdrawn, etc. Should we have revisited this process with the change in HMDA in 2018?
05/26/2019
What is a final credit decision for HMDA, after which a customer’s wish to not proceed with the application is not reported as withdrawn?
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