Modernizing The Community Reinvestment Act
RiskExec provides banks and financial institutions with an easy-to-use, browser-based fair lending analysis and reporting tool.
RiskExec eases the burden of managing regulatory compliance for banks, mortgage lenders, credit unions, and non-traditional lenders. Automate HMDA submission, perform CRA analysis, and manage compliance.
Automated processes use various HMDA fields or custom dynamic variables to examine pricing and underwriting decisions to determine if areas of disparate impact exist.
Automatically generate matched pairs to identify and quickly review, in side-by-side format, loan applications with similar credit qualifications. Identify areas for potential disparate treatment in loan approval and pricing.
Fill consumer lending GMI data gaps including race, sex, and ethnicity from the CFPB’s BISG as well as our own proprietary proxy, both available in RiskExec.
Manage fair lending and compliance risk for any dataset as your business evolves. Understand patterns before critical decisions occur, such as acquisitions or marketing campaigns.
Analyze small business, servicing, auto, credit card, home equity, student loan, and payday lending with proxy technology.
“In Community Affairs, we use RiskExec reports to analyze data from peer banks as we prepare Performance Context reports for regulators during periodic Community Reinvestment Act (CRA) exams. RiskExec reports help show how Regions compares to other financial institutions in terms of HMDA and CRA Small Business lending activities, and they help us set goals for future performance that will earn us the kind of favorable exam ratings we want.”
Compliance Executive, Regions Bank