1. Compliance Huddle
April 2017

2. Recent Exams Does anyone currently have examiners on-site?
Is there still a continuing increase in request information?
What is the focus of the on-site?
Has anyone just been through an exam or recently received their ROE?
Has examiner “tone” changed from the last on-site?
Are the reports giving credit where credit is due, or if there were concerns, are the reports written in such a way that the regulators are seemingly sympathetic or more demanding?
What are some of the areas of focus?

3. Agenda Exams/Audits Findings HMDA Beneficial Ownership
Credit Reporting Changes
Mortgages in General
Questions from your peers
Anything else on your mind

4. HMDA How is your bank preparing for the new data submissions?
Do you have the resources to handle the expanded reporting requirements?
Are you working with software providers?
Who has got the system updated and ready to at a minimum test the platform?
How is the testing going
Policies updated, started training of responsible staff?
Budget: how much is this going to cost?
Any other concerns?

5. Beneficial Ownership System updates? Training? Procedures?
Policy updated?

6. Credit Reporting Changes
Started talking about how this might effect underwriting?
Loan analysis criteria updates?
Included in the topic of discussion – automatic underwriting and decisioning software?

7. Mortgage Loans in General
TRID – recent violations in transaction testing from monitoring, audits or exams
Zillow – paid leads
Change in circumstance for LE and CD

8. Questions for the Group from Peers
CRA data integrity exams – what all is involved?
What are auditors and in-house monitoring looking at for RESPA?
What is the group’s take on successor in interest, and for those who have dealt with these situations, please share your process.
Are any of our banks beginning to work on storing data for CECL requirements? If so, do you have a vendor the bank is using and what issues has the bank come across.

9. Anything Else on Your Mind…

10. Questions?
Thank you for your participation and input into the conversation! If you have any additional questions, contact Compliance Alliance at or