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What LendingPatterns™ Can Show You About the New York Community Bank and Flagstar Merger
The announcement of the New York Community Bank and Flagstar merger on April 26, 2021 has me thinking about its impact on the industry as well as what lenders might learn by looking at the data behind the merger. The good news is that it is easy to create pseudo bank mergers using LendingPatterns™, ComplianceTech’s…
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ComplianceTech Announces the Availability of 2020 HMDA data in LendingPatterns™
The 2020 Modified LARs released by CFPB on March 31, 2021, are now available in LendingPatterns™. LendingPatterns™ is a web-based data mining and analytical tool that uses public and private Home Mortgage Disclosure Act (HMDA) data to analyze loan applications for every lender required to report HMDA data. The web-based tool now contains 16 years of…
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ComplianceTech selected as HousingWire 2021 HW Tech100 Mortgage Honoree
The 2021 HW Tech100 Mortgage winners have been officially announced and ComplianceTech has been selected as a 2021 HW Tech100 Mortgage winner! ComplianceTech provides a complete suite of web-based software to make fair and responsible lending easier. The company’s innovative suite of web-based solutions, including HMDA Ready, CRA Check, LendingPatterns, Fair Lending Magic, and…
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ComplianceTech and Tuscan Club University Present Fair Lending Training for Compliance Professionals
Hear from a former regulator and learn insights on how regulators examine your fair lending program. We will go through the life cycle of a loan. We will cover all of the fair lending risks along the way and what it means for your company. As a compliance and audit professional, you need to be…
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November 10th Blog Post
Every year, thousands of financial institutions across the United States gather their HMDA data and submit it to the Consumer Financial Protection Bureau (CFPB) for its use to monitor community housing needs; to compile lending statistics; and to identify predatory lending practices. This means that the CFPB is constantly analyzing new trends in the financial sector, which…
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ComplianceTech will present at the CUNA Fair Lending eSchool in December
Dana Ginsburg from ComplianceTech will present at the CUNA Fair Lending eSchool on December 15, 2020. The topic of the webinar is “Using Data-Driven Analytical Tools for Fair Lending Assessments: Know Where Your Risk Is Learn the advantages of using web-based software tools to conduct self-assessments and prepare for fair lending exams.” Use this link…
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Denver Business Journal Article on Colorado’s Growing Hispanic Population
The Denver Business Journal recently used data from LendingPatterns.com for a story on “What banks, credit unions are doing to appeal to Colorado’s growing Hispanic population.“
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2018 HMDA EarlyLook data now available in LendingPatterns
The HMDA 2018 EarlyLook data available in LendingPatterns™ are derived from the “Modified-LAR” data available on the CFPB website on June 10, 2019. ComplianceTech is confident that each lender’s HMDA data in LendingPatterns™ correctly represents the data downloaded from the CFPB website.
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Everything You Need to Know About the Consumer Financial Protection Bureau’s UDAAP Symposium
Financial institutions have been a part of America’s economy since the beginning of the country, and the good faith dealings between these institutions and their customers have created the prosperity we know today. Maintaining these good faith negotiations is key to our future success, which is why the Consumer Financial Protection Bureau (CFPB) is launching…
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How the Veterans Affairs Lending Scandal Affects You and Your Business
Refinancing VA loans can be profitable as they bring large payments to financial institutions. However, some financial institutions have pursued predatory loans with vulnerable borrowers, and this has led to the current Veterans Affairs Lending Scandal. Here is everything that you need to know about the scandal and how it may affect you and your…