HMDA Is An Application Regulation
HMDA is an application regulation. If you are a HMDA reporting institution, that is a statement that needs to be burned into the minds of your lenders for a number of reasons. First, HMDA wants information on all HMDA-reportable applications, not just the applications that result in an origination. In other words, HMDA wants you to report information on originations, denials, withdrawals, approved not accepted, etc. Some of the most important data fields you are required to report have to do with an applicant’s demographic information (i.e., their race, sex and ethnicity). You need to collect demographic information at the time of application.
David explains more in the video.
2025/11/03
David Dickinson
David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.
He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.
David and his wife Karen have three adult children, four grandchildren (none of whom live at home!) and two cats (of which Dave is allergic … the cats, not the children!). They recently moved to an acreage outside of Lincoln, Nebraska where he gets to play with his tractor. When possible David can be found fishing, making sawdust in his shop, or playing the guitar and piano. He also enjoys leading worship at his church.