Join us for this Free Fair Lending Webinar. Tory Haggerty from Tuscan Club University will review building prevention into your fair lending program. The training will include a review of the loan life cycle and the fair lending risks that may occur at each stage of the loan. Tory started his compliance career as an…
The Department of Justice, the Consumer Financial Protection Bureau (CFPB), and the Attorneys General of Pennsylvania, New Jersey, and Delaware announced today agreements to resolve allegations that Trident Mortgage Company (Trident), which is owned by Berkshire Hathaway Inc., engaged in a pattern or practice of lending discrimination by “redlining” in the Philadelphia metropolitan area, including…
Register for our Live HMDA Ready™ Product Tour on Thursday, May 19th at 1 PM Eastern. Are you happy with your current HMDA vendor or looking for an alternative? Join ComplianceTech on May 19th to learn about HMDA Ready. HMDA Ready goes beyond the standard edit checks and we will show you how you can…
Jonathan Bach picked up a national award from the Society for Advancing Business Editing and Writing (SABEW) in the banking and finance category for his investigative piece, “Cracked foundation”, which explored equity in lending in what are known as majority minority census tracts. Bach and fellow reporter Malia Spencer were honored in the real estate category…
ComplianceTech Announces the Refresh of the Home Mortgage Disclosure Act Data in LendingPatterns to Include 2021 Data ComplianceTech today announces the refresh of the Home Mortgage Disclosure Act (HMDA) data in LendingPatterns™ to include the 2021 data as published by the CFPB on March 24, 2022. Using the 2021 HMDA data from every lender in…
Maintaining Your HMDA Data Accuracy to Avoid Penalties When it comes to your client’s data, your main priority should rightly be keeping it secure from any third parties. However, when the time comes to deliver the data and you have accidentally omitted a piece of information, it can have serious consequences for you and your…
When it comes to your client’s data, your main priority should rightly be keeping it secure from any third parties. However, when the time comes to deliver the data and you have accidentally omitted a piece of information, it can have serious consequences for you and your business. Here is a brief update about…
Join us for a 30-minute webinar on Tuesday, November 16th at 1:30 PM Eastern. We will show you why it is important to go beyond the standard HMDA Edit Checks before HMDA Submission. Learn techniques to ensure your data not only pass the standard HMDA edit checks, but are accurate, too. Click to Register