The announcement of the BB&T and SunTrust merger on February 7, 2019 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’s easy to create pseudo bank mergers using LendingPatterns™, ComplianceTech’s web-based tool that aggregates…
The U.S. government was shut down for over a month, and mortgage lenders have felt the effects of the impasse between Democrats and Republicans over Trump’s “border wall”. Upon first glance, these topics don’t seem related, but they are. The U.S. government shutdown affects federal agencies, and everything that affects federal agencies has an impact…
Mortgage lending can be a complicated process sometimes, with dozens of factors taken into consideration before approving an applicant for a loan. Unfortunately, lenders can often be so focused on the data and statistics that they may inadvertently be declining specific applicants or not offering them additional financial programs. This can add up over time…
Did you factor the Interagency Fair Lending Examination Procedures’ risk factors (listed beginning on page 6 of this file) into your decision to acquire your current fair lending software solution? Whether you have fair lending software or want to find a new vendor, I’d encourage you to look at the risk factors in detail to determine…
Although US Federal Reserve Chairman, Jay Powell, may feel the US housing market is in good shape, it seems as though the market may be slowing more than is ideal. On the other hand, the economy in America is doing well, with one of the lowest unemployment rates in the country since 1969. So why…
LendingPatterns™ data was compiled and utilized in the Wall Street Journal on September 25th, 2018: Bankers vs. Activists: Battle Lines Form Over Low-Income Lending Rules
LendingPatterns™ is cited in an article in the Wall Street Journal – September 6th, 2018: The New Mortgage Kings: They’re Not Banks
The MBA’s Annual Convention & Expo is the country’s largest gathering of real estate finance professionals, and you can’t miss this great opportunity to deepen your knowledge on the industry. The event takes place from October 14th to 17th in Washington, DC, and ComplianceTech is proud to be one of the exhibitors. Come see us…
ComplianceTech, McLean, VA, ComplianceTech today announced that the National Credit Union Administration (NCUA) has selected its software products, LendingPatterns™ and Fair Lending Magic™ for examiners to use for onsite and off-site fair lending supervision and monitoring for nearly 2,000 credit unions. “NCUA joins other federal and state regulatory agencies who trust ComplianceTech’s suite of web-based…
ComplianceTech Today Announced that the Massachusetts Division of Banking (DOB) has selected LendingPatterns™ for Examiners to Use. Read the full press release here. ComplianceTech, McLean, VA, ComplianceTech today announced that the Massachusetts Division of Banking (DOB) has selected LendingPatterns™ for examiners to use in onsite and off-site fair lending supervision and monitoring of mortgage lenders…