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VA owes disabled veterans refunds on home loan fees, report says
The federal government owes at least $189 million to 53,000 disabled veterans who overpaid on their home loans, according to the Department of Veterans Affairs’ inspector general. Read more on the Washington Post website. ComplianceTech also posted a blog on the topic. Use this link to read the blog.
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How the CUNA Fair Lending Workshop Can Help Your Business
Mortgage lending and compliance is a field that is constantly shifting, with new legislation requiring credit unions to change their practices and systems appearing regularly. Fortunately, the Credit Union National Association understands these changes and hosts annual workshops to educate compliance officers and creditors. Here is everything you need to know about the upcoming 2019…
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Consumer Financial Protection Bureau Proposes Changes to HMDA Rules
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today issued a Notice of Proposed Rulemaking (NPRM), which proposes to raise the coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit under the Home Mortgage Disclosure Act (HMDA) rules. For more details click this link.
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Join Us at the 2019 ABA Regulatory Compliance Conference
Successfully managing your mortgage or financial compliance company requires having the latest information and technology on your side. ComplianceTech prides itself on delivering the best compliance software available to financial institutions and is happy to announce that we will be exhibiting at the 2019 ABA Regulatory Compliance Conference. Here is what you need to know…
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Let’s Celebrate 51 Years of Fair Housing in America!
In today’s world, every American is free to purchase their home or rent their property wherever they wish, but this was not always the case. This April 11th, we celebrate the 51st anniversary of the Fair Housing Act, and how it greatly improved the opportunities for disenfranchised Americans. The History of Fair Housing Presidents going…
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CFPB Releases HMDA Modified Loan Application Registers
The CFPB released the HMDA Modified Loan Applications Registers on March 29, 2019. Use this link to find out details from the CFPB website.
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ComplianceTech Today Announces Enhancements to LendingPatterns™ that Includes Expanded Analysis of 2018 HMDA Data Fields
MCLEAN, VA. (PRWEB) MARCH 11, 2019 ComplianceTech today announces enhancements to LendingPatterns™ in advance of the 2018 HMDA data release by the Consumer Financial Protection Bureau (CFPB). LendingPatterns™ now includes the ability to analyze mortgage lending activity using the expanded HMDA data fields, such as applicant age, debt-to-income, combined loan-to-value and property value. “The public release…
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Will We See You at the CUNA Governmental Affairs Conference This Year?
We are excited to be attending the Credit Union National Association Governmental Affairs Conference from March 10th to 14th in Washington, D.C. where more than 5000 credit union representatives will be advocating for their 115 million members throughout the United States. There’s still time to register for the conference and here’s why you should consider…
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ComplianceTech Leverages CFPB’s API to Create Free Pivot Table Access to the National Home Mortgage Disclosure Act Dataset Through LendingPatternsLite.com
ComplianceTech is pleased to announce a new feature that allows users to automate the summarization and analysis of HMDA data in order to uncover useful, comparative insights. A powerful new pivot table option is now available to allow registered users to experience interactive access and to easily visualize insights into the HMDA data. Click here…
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Preparing for the 2018 HMDA Submission
The Home Mortgage Disclosure Act makes essential information accessible for professionals in the financial industry to help us all make better decisions based on data analysis. Be sure to check out the Bureau’s last update for the most recent changes before submitting your LARs. Here’s what you need to know about the HMDA, new rules,…