March 16, 2023 (Washington, D.C.) - Today, RiskExec, Inc. (“RiskExec”), a subsidiary of Asurity Technologies, LLC (“Asurity”), announced its compliance software has been selected by Varo Bank to conduct Fair Lending analytics for its innovative financial products serving Americans living paycheck to paycheck, Varo Advance and Varo Believe. Varo Bank (www.varomoney.com) is the first all-digital, […]
RiskExec has recently been updated to include the following enhancements: HMDA and CRA Modules 2023 FFIEC Geocoding RiskExec is now checking 2023 HMDA and CRA geocoding data against the FFIEC’s 2023 geocoding site. The RiskExec FFIEC Geocoding report will display FFIEC geocodes within a few days of the FFIEC making them available. RiskExec will then […]
March 14, 2023 (Washington, DC) - Asurity Technologies, LLC (“Asurity”) is pleased to announce that industry leading CRA professional, Sarah Brons, has joined Asurity’s RiskExec® as Senior Vice President, CRA Products and Services. In this newly created role, Sarah will oversee the design and enhancement of RiskExec’s SaaS-based CRA module, shaping features and functions to […]
March 9, 2023 (Washington, D.C.) - Today, RiskExec®, a subsidiary of Asurity Technologies, LLC (“Asurity”), announced its fair lending analytics SaaS-based platform has been selected by Ironhorse Funding LLC (“Ironhorse”). Ironhorse is a leading provider of innovative, full-credit spectrum finance solutions to enthusiasts and dealers in the motorcycle, powersports, RV and marine markets. Ironhorse will […]
RiskExec has recently been updated to include the following enhancements: 1071 Small Business Lending Module Now Available in RiskExec RiskExec has launched its new 1071 Small Business Lending module (preliminary and based on the NPRM guidance) to enable users to prepare their 1071 Small Business Lending data for submission. With the new RiskExec 1071 module, […]
RiskExec has recently been updated to include the following enhancements: 2022 Dunn & Bradstreet Data Now Available The Dunn & Bradstreet Business counts data for 2022 has been released and is now available in RiskExec. Fair Lending Module Protected Class Variables Users now have the ability to specify the protected classes to be evaluated in […]
RiskExec has recently been updated to include the following enhancements: Redlining Module Advanced Analysis: Exclude Peers Without Branches Users can now choose to only include peers in their analysis that have branches in the geographies selected during analysis setup. The OCC has recently considered peer groups with lenders at 50-200% of the institution’s LAR, or […]
Click here to access the 2023 OCC Fair Lending Guidelines: https://occ.gov/publications-and-resources/publications/comptrollers-handbook/files/fair-lending/index-fair-lending.html
RiskExec has recently been updated to include the following enhancements: 2021 Community Reinvestment Act (CRA) Peer Data Available On December 15, 2022, the Federal Financial Institutions Examination Council (FFIEC) announced the availability of the 2021 Community Reinvestment Act (CRA) peer data. This dataset includes small business, small farm, and community development lending data reported by […]
RiskExec has recently been updated to include the following enhancements: Fair Lending Module Decisioning Regression Analysis Results: Highlighting Significant Model Agreement If the Model Agreement is greater than or equal to 10% above either subagreement, meaning the Model Predicted Positive-Actual Positive or Model Predicted Negative-Actual Negative in the the Concordance (Confusion) matrix, RiskExec will highlight […]
