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 […]
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 […]
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 […]
CRA Module Regulatory Reports RiskExec has added a set of reports that analyze the percentage of mortgage loans by income tract classification (low, moderate, middle and upper), located within your linked HMDA file. Additional reports covering small business and small farm loans have also been added. Additional calculations for Aggregate Performance of a CRA file […]
This dataset includes small business, small farm, and community development lending data reported by certain commercial banks and savings associations. The data is available in RiskExec’s Peer Analysis module. The three Federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) - the Board of Governors of the Federal Reserve System (FRB), the […]
Fair Lending ProxyWhen setting BISG proxies there is a new option that allows only address data to be proxied. 2 Factor Proportions TestUsers now have the ability to drill down into the Positive and Negative record counts in the 2 Factor Proportions Test analysis results. User PermissionsIn the Manage Institutions tab, we have added a […]
