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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,…
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What LendingPatterns™ Can Teach You About the BB&T and SunTrust Merger
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…
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The Impact of the U.S. Government Shutdown on the Mortgage Industry
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…
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How LendingPatterns™ Can Help You Avoid Redlining
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…