“Within hours of the government’s release of the 2016 HMDA data set, we were able to integrate validated HMDA data in RiskExec’s compliance software,” says Luke Wimer, chief operating officer of Asurity Technologies. “By using a SaaS-based model, we have unmatched agility in providing new data first in the industry.”
The 2016 HMDA dataset contains more than 16 million records. Between 2015 and 2016, the residential home market increased by one million originated loans with a total of two million records.
“The increase in originated loans could be a positive indicator of housing market health and the easing of credit requirements for residential lending,” says Dr. Anurag Agarwal, founder, president and chief architect of RiskExec. “In today’s regulatory environment, it is critical for lenders to quickly and easily understand how the landscape is evolving, and how their lending profiles compare among peers.”
From dedicated redlining analysis and interactive mapping to peer rankings and data visualization, RiskExec provides executive and regulatory reporting for the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), and fair lending compliance requirements.
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About Asurity Technologies
Asurity Technologies engineers solutions to support regulatory compliance management for the country’s largest financial institutions. Fueled by decades of regulatory and engineer expertise, Asurity is committed to providing best-in-class solutions that provide a holistic compliance solution from mortgage origination to HMDA, CRA, redlining, and fair lending compliance. Asurity provides RiskExec, a suite of HMDA, CRA, redlining, and fair lending SaaS solutions; TRID Assure™, a proprietary file testing system that ensures full compliance with the TILA-RESPA Integrated Disclosure (TRID) Rule; BoardEffect, an easy-to-use solution for board governance; and AsurityDocs, a leading solution for the dynamic preparation of compliant mortgage document packages. For additional information, please visit www.asurity.com.