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
05/19/2019
Our conditional approvals are verbal and there is often not sufficient information in the file for the staff that prepares the HMDA LAR to know what conditions are outstanding. How can we report accurately in this situation?
05/12/2019
Our underwriters do not revisit applications after the conditional approval is issued; why would an underwriting condition make our applications not “fully approved”?
05/05/2019
We do not schedule a closing unless all customary closing conditions are met and issue a denial if they are not. Why would we report differently for HMDA than we do for underwriting or creditworthiness conditions?
02/17/2019
The primary collateral for a loan is business assets, although a dwelling was also taken as collateral. Is this loan not reported for HMDA?
02/10/2019
Our financial institution is not a bank or credit union and is regulated by the state. We do not see a choice to enter our regulator on the HMDA LAR. What do we do?
09/23/2018
Can mortgage lenders that are not banks or credit unions take advantage of the new partial exemptions?
09/16/2018
Does this new exemption affect non-reporters such as those who originated fewer than 25 closed-end HMDA reportable mortgage loans?
07/15/2018
How should we report if a loan is a single-family property, or has 2 to 4 units, or is a multifamily property?
07/08/2018
As a small reporter, will we start to report our home improvement loans that are not dwelling secured as we did prior to January 1, 2018?
07/01/2018
What types of applications are counted to determine if a financial institution meets the reporting thresholds?
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