RiskExec Release Notes - November 11, 2020

November 12, 2020
RiskExec has recently been updated to include the following updates/enhancements.

Fair Lending and Redlining

Users are now able to use the Single Field Update import format to update their data within a dataset.  To make an update using this option, a user will need to select “Update Dataset,” then select “RiskExec Single Field Update” as the import format, and lastly choose the field that they would like to update. This option works similarly to the import format available in the HMDA and CRA modules. Currently, however, there is not a Change Log report for the data being updated in the Fair Lending and Redlining modules. 

Single Field Update in Fair Lending and Redlining

Similar to the Fair Lending module, a user is now able to edit the title of a Redlining analysis by clicking “Edit Analysis.”

Edit the title of a Redlining analysis after it has been set

RiskExec has updated the Redlining results to include all state, county, and MSA codes for the selected in scope geographies. This will only apply to analyses created after this release.

Redlining results now include the state, county, and MSA codes

HMDA and CRA

Within the HMDA application and CRA loan lists, a user can now click on “Select Applications” or “Select Loans” and choose which applications or loans they would like to download and export.  For example, when the list is generated and the user clicks on “Select Applications” in the HMDA module, the user can click any loan that they wish to download and export.  Please note that the order by which the user selects the loan or application will indicate how the applications or loans are ordered in the downloaded and exported lists.

Select the loans/applications to be download and exported
The selected loans/ applications are downloaded and exported in the order that they were selected

Miscellaneous

RiskExec has added Interactive Teller Machines (ITM) as a location type within the Manage Institutions tab. This will allow users to add and/or edit the locations of their ITMs.  Access to the Manage Institutions tab is given by an institution’s Primary User. 

Add ITMs in the Manage Institutions tab

Additionally, RiskExec has updated the release date of the PPP data in the Peer Analysis module to accurately reflect the date that the data is through.  Previously it was recorded that the date was September 14, 2020 (the date that RiskExec uploaded the data).  It will now indicate “As of 8/8/2020.”

The date of PPP data has been updated

Sign up for news + updates

Expert insights and regulatory updates on RegTech, compliance management, and fair lending.

Questions? Comments?

Contact RiskExec customer support at riskexec.support@asurity.com.

Anurag Agarwal, PhD

President, RiskExec

Recommended Resources

Goals Module Overview

Learn more about the Goals Module and its key monitoring and reporting features.

Reg+Tech Magazine Volume 2 Issue 1

Learn about the changes of state consumer protection and the responsibility of financial services institutions to pursue operational excellence and a culture of compliance.

Reg+Tech Magazine Vol. 1 Issue 2

Regulatory and technology experts discuss innovation, CRA reforms, and how single-close construction loans are reenergizing rural America.

chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram