RiskExec has recently been updated to include the following enhancements:

2022 Community Reinvestment Act (CRA) Peer Data Available in RiskExec

On December 20, 2023, the Federal Financial Institutions Examination Council (FFIEC) announced the availability of the 2022 Community Reinvestment Act (CRA) peer data. This dataset includes small business, small farm, and community development lending data reported by certain commercial banks and savings associations. RiskExec has now been updated with this dataset and 2022 CRA reporting is now available within the Peer Analysis module and CRA module small business and small farm reports.

Additionally, our team has reviewed the 2022 CRA peer data and provided an overview of changes over the last three years. You will find details in this blog post as well as some next steps for institutions when utilizing the data. Click here to learn more.

CRA Module

Call Code Field Added 

A new text field has been added to the CRA module called Call Code. This field can hold up to ten characters.
This field is located in the Other tab of the Loan Detail page. If a user has already created a User-Defined Field (UDF) for Call Code, that UDF will still be available and will not be affected by this update. We will start merging the UDF into the RiskExec core field over the next few weeks.
 

HMDA and CRA Modules

Edit Check Summary Update

The Edit Check Summary has been updated to include tooltips of each Level in the report. Hovering over a particular Level will display a description of what is causing this particular edit check to be triggered. For example, FIELD-Level edit checks are triggered by one, specific field in the application.
 

FFIEC and Manual Geocoding Report Update

The FFIEC Geocoding report and the Manual Geocoding Reports have been updated to include a search bar. Users can now search the list for a particular record using any of the address fields, geocoding fields, or the application number.
 

Redlining Module

New Analysis Measure: % Minority

% Minority has been added as an Analysis Measure to the Advanced Redlining Analysis setup. % Minority is defined in the FFIEC Census file as the percentage of the population that is not Non-Hispanic White.

Assessment Area Module

Housing Data By Tract Update

The Housing Data By Tract Report has been updated to include the following categories:

• Majority Minority Census Tract (MMCT)
• High Minority Census Tract (HMCT)
• High Hispanic Census Tract (HHCT)
• High Black Census Tract (HBCT)
• Majority Hispanic Census Tract (MHCT)
• Majority Black Census Tract (MBCT)
• Majority Asian Census Tract (MACT)
• High Asian Census Tract (HACT)
• Majority NHOPI Census Tract (MNHOPI)
• High NHOPI Census Tract (HNHOPI)
• Majority Asian Census Tract (MNACT)
• High Asian Census Tract (HNACT)
• Majority Black Hispanic Census Tract MBHCT)
• High Black Hispanic Census Tract (HBHCT)