The CFPB announced separate initiatives designed to ensure that home valuations used by lenders are fair and accurate, and not discriminatory.

Redlining ModuleStreamlined Redlining Analysis Users will now see two analysis options: Streamlined Analysis and Advanced Analysis.  The Advanced Analysis is the original option to create a New Analysis in the Redlining module. Nothing has changed in the process of setting up a new Redlining analysis when the Advanced Analysis option is selected. The new option, […]

RiskExec has recently been updated to include the following enhancements: HMDA ModuleIRS Report The RiskExec HMDA IRS report has been updated to more accurately match the report generated by the CFPB on submitted data. CRA ModuleNew Report: Distribution of Loans Inside Versus Outside the Assessment Area(s) A new Compliance Report has been added to the […]

RiskExec has recently been updated to include the following enhancements: HMDA and CRA Modules New Enhanced Quality Edit Checks RiskExec has added three new Enhanced Quality Edit Checks to the HMDA and CRA modules. Users will need to click "Run Edit Checks" in their HMDA or CRA file to check for these new Enhanced Quality […]

The CFPB announced a new process to receive public petitions for rulemaking or regulatory changes.

Geocoding Location Geocoding Update in Manage Institution  The geocoding has been updated for all locations that had tract changes in 2022. For those locations, we created a new version of the location with the new geocoding. For example, the branch below had a tract change in 2022, so a new entry for the location was […]

Fair Lending Forum ​​​The Fair Lending Forum is taking place in Charlotte, NC on May 2 - 4. Admission is FREE. Registration closes on Monday, April 18. Click here to register. Manage InstitutionNumeric User-Defined Fields When a user selects Numeric as the Type for their User-Defined Field, a note will now appear describing the use-case […]

Now more than ever, it’s essential for financial institutions to take part in the evolution of fair lending and compliance initiatives. The compliance function, along with the lending industry as a whole, is undergoing a digital transformation, and it’s essential that lenders keep up with impactful trends. One of the best ways to stay on […]

On January 6, 2022, the CFPB issued its Fall 2021 Supervisory Highlights. It found that lenders may have violated ECOA. Learn more.

RiskExec has recently been updated to include the following enhancements: Fair Lending Forum You are cordially invited to the Fair Lending Forum in Charlotte, NC on May 2- 4.  Admission is FREE. If you have already registered, we look forward to meeting you!  If you haven't, space is limited so please register as soon as […]