Metro 2®Fundamentals Workshop - 2016Break-out Sessions

Please select 5break-out sessions from the following list. Indicate your preferences by inserting numbers 1 through 5 (in priority order) in the first column below.

Return this form to CDIA at your earliest convenience to ensure your selections are available. Fax the form to 202-371-0134 or e-mail the form to .

Name/Company: ______

e-mail Address/Phone: ______

Choices
1 →5 / Session # / Session Title / Description
A / Logical Data Field Relationships / Accuracy and integrity rely on data being reported logically. In this session, we will highlight areas within the CRRG® that focus on logical combinations of multiple fields.
You will demonstrate your understanding of logical combinations by reviewing two scenarios and identifying & correcting the illogical values.
B / Date of First Delinquency / The Date of First Delinquency (DOFD) is important because it is used to ensure compliance with the FCRA. In this session, we will illustrate the decisioning logic needed to determine when to report a DOFD and what date to report in this field.
Additionally, a set of exercises will be used to reinforce how to accurately calculate what the DOFD should be in various situations based on the hierarchy.
C / Payment Status Information / Reporting accurate payment status information is critical in credit reporting. The fields covered in this session include Date of Account Information, Account Status, Payment RatingPayment History Profile, Special Comment and Compliance Condition Code.
Various situations will be presented to reinforce how to accurately report these fields. We will present and discuss various situations where you will determine the correct values and combination of values to report.
Choices
1 →5 / Session # / Session Title / Description
D / Payment History Profile / This session begins with a review of several examples demonstrating how the Payment History Profile is reported in conjunction with the Account Status, Date of Account Information, and Date of First Delinquency. We will test your knowledge of accurate reporting of the Payment History Profile (PHP) through Q&A exercises, including how to correct prior history using the PHP. You’ll also have an opportunity to get answers to your questions on this important reporting field.
E / ECOA Codes / This session builds on what you learned on Day 1 about ECOA Codes – specifically how to report these codes logically and accurately. You will also complete many exercises that focus on the reporting of ECOA Codes, including relationship changes, additions, and deletions.
F / Accounts included in Bankruptcy Chapter 7 / In this session, two scenarios will be presented:
  1. A joint account with a filer and non-filer. The Bankruptcy for the filer is filed and discharged.
  2. An account that is included in Bankruptcy Chapter 7 that is reaffirmed, followed by the reaffirmation being rescinded.

G / Accounts included in Bankruptcy Chapter 13 / Do you know how to report accounts included in Bankruptcy Chapter 13 when there is a filer and a non-filer?
This session focuses on the reporting of each phase of Bankruptcy Chapter 13 and the different guidelines for the filer and non-filer. A sample scenario will be used to clarify how the guidelines are used each month throughout the Bankruptcy Chapter 13 lifecycle.
H / Reporting Various Stages of Foreclosure / In this session, we will review the standard reporting guidelines for the stages of foreclosure. Using a sample scenario, you will complete the Metro 2® fields required for reporting a loan that progresses from potential foreclosure to foreclosure proceedings started to foreclosure completed to payments made on the remaining balance.
The session will also illustrate the use of the K3 and K4 Segments for mortgage loans.
Choices
1 →5 / Session # / Session Title / Description
J / Transferred and Sold Accounts / Does your company ever transfer or sell accounts? If so, don’t miss this opportunity to learn the standard guidelines for reporting transferred and sold accounts.
A sample scenario will focus on transfers from one servicer to another. In a second scenario, you will choose the option for reporting sold accounts and complete the corresponding fields necessary for accurate reporting.

1