About
ComplianceTech
ComplianceTech was founded in 1992, a time when lending regulations were becoming increasingly complex. Lenders, regulators, and enforcement agencies struggled with HMDA, CRA, and the fair lending laws. Often, it wasn’t clear how to balance compliance with consumer protection laws and meet growth goals, while measuring and serving the credit needs of diverse and lower-wealth communities.
A group of experts at ComplianceTech saw that meeting the evolving demands around CRA, HMDA and fair lending required a new approach. Our founding team recognized that innovative software would be the best path forward for financial institutions, regulators and community organizations.
All Lenders Are Not Alike
Before “RegTech” became a common term, ComplianceTech recognized the critical need for advanced intelligence to address the compliance challenges and market opportunities.
Our guiding principle: “All Lenders Are Not Alike,” reflects our core belief that effective compliance and strategic growth can’t come from standardized “cookie-cutter” fixes. Instead, we believe that tailored, data-driven insights guide our clients to meet the credit needs of all communities.
Our multidisciplinary team features subject matter experts in:
- Lending
- Research
- Statistical analysis
- Law
- Economics
This allowed us to pioneer the use of sophisticated data analysis to help all stakeholders in the financial services industry meet the obligations to serve underserved communities. This includes:
Lenders
Federal & State Regulators
Enforcement Agencies
Community Organizations
State & Local Governments
For over three decades, ComplianceTech has remained dedicated to this concept. Our longevity is a testament to the foresight of this approach.
About the ComplianceTech™ Software Suite
The ComplianceTech suite of cloud-based software products, combined with our consulting services, gives our clients numerous advantages in the marketplace. Serving the needs of all stakeholders, our holistic view enables us to develop sustainable solutions because we understand the problems.
LendingPatterns™ is the industry standard for HMDA data analysis.
Fair Lending Magic™ is a complete fair lending analysis system for mortgage and consumer loans. It conducts matched pair analyses, performs regression analysis to determine if differences in outcomes are statistically significant on a prohibited basis, and provides a mechanism to proxy for race, ethnicity and gender when those factors are unknown.
CRA Check™ is specifically designed for compliance with the Community Reinvestment Act (CRA) for lenders and regulators. CRA Check™ simplifies the creation, submission, reporting and analysis of CRA reportable small business, small farm and community development loans.
HMDA Ready™ streamlines the creation of submission-ready HMDA Loan Application Registers (LARs) with easy-to-use templates.
Small Business 1071™ is designed to help financial institutions prepare and comply with the Small Business 1071 final rule.
Turn to ComplianceTech’s Fair Servicing™ software to proactively uncover potential fair servicing risks. We transform your data into powerful fair servicing analytics to monitor loss mitigation activities that minimize the risk of running afoul of fair lending laws and regulatory rules.
What our customers say
We felt confident this product would help us meet our regulatory goals.
Thank you for always being there for us and for all your support. It is truly appreciated.