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 […]
RiskExec has recently been updated to include the following enhancements: Batch Geocoding ModuleAbility to Import LocationsUsers can now import their own list of locations using the Batch Geocoding module. To import a list of locations, create a .CSV file with the following column headers: Group, Location Type, Name, ID, Address, City, State, and Zip Code. […]
On September 23, 2022, the United States District Court for the District of Columbia entered a judgment invalidating the CFPB’s rule raising the HMDA reporting threshold to 100 covered loans. The court's decision returns the operative HMDA reporting threshold to 25 closed-end loans originated. Notably, the court’s ruling did not alter the reporting threshold for […]
What is 1071? Congress directed the Consumer Financial Protection Bureau (CFPB) to adopt regulations governing the collection of small business lending data under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1071 amends the Equal Credit Opportunity Act (ECOA) under Dodd Frank, to require financial institutions to compile, maintain, and submit specific data […]
Redlining Analysis Peer and Market Results Now Available in 2022 Dataset Analyses Users are now able to get peer and market results when running a Streamlined or Advanced Redlining analysis using a 2022 dataset. Redlining Analysis: Select In-Scope Geographies Screen Update The purple color in the legend on the Redlining Analysis: Select In-Scope Geographies […]
From May 2 - 4, 2022, Regulators, compliance experts, and lenders gathered at our Inaugural Fair Lending Forum in Charlotte, North Carolina. Here are the highlights from this groundbreaking compliance industry event. Fair Lending Forum Highlights The Forum’s wide array of attendees and speakers included prominent government officials such as Sandra Thompson, Director of the […]
FFIEC Census Data Update RiskExec has been updated to include the most recent FFIEC census data released on August 26, 2022. Fair Lending Module Proxy and Geocode Status A new column has been added to the Datasets list that indicates whether or not proxies have been run. Additionally, the Geocoded column has been updated to […]
Redlining Analysis Module Streamlined Analysis Users can now choose to exclude the Target Respondent when setting up a Streamlined Analysis. Ability to filter by Agency Code, Respondent, and Respondent Type Users are now able to filter any Redlining Analysis by Agency Code, Respondent, and/or Respondent Type. Peer Analysis Module Add Respondent Type Column to HMDA […]
August 16, 2022 (Washington, D.C.) - Today, RiskExec, Inc. (“RiskExec”) a subsidiary of Asurity Technologies, LLC (“Asurity”), announced its software has been selected by Abilene, TX based First Financial Bank to assist in automating HMDA, CRA, Fair Lending processes. RiskExec is a leading SaaS compliance and reporting platform designed for managing regulatory compliance for banks, […]
Dynamic Import Wizard Pre-Configured Standard Formulas and the Ability to Save Calculated Field Expressions Users now have access to a Standard Formula (a calculated field pre-configured by RiskExec) in the Dynamic Import Wizard that will calculate the Applicant Age and/or Co-Applicant Age. Users also now have the ability to save calculated fields they build themselves. […]
