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HMDA Ready™ Live Product Tour
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…
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Portland Business Journal Receives Award for Investigative Piece on Lending Patterns MMTs
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…
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HMDA 2021: Loan Purpose Trend by Race and Ethnicity
LendingPatterns™ is a premier web-based, HMDA data-mining tool for the Home Mortgage Disclosure Act. It’s an easy-to-use solution with the power and flexibility to generate custom reports and identify fair lending risks related to underwriting, pricing, redlining, and steering. LendingPatterns™ generates executive-level reports that cover many aspects of mortgage lending and promote informed decision-making. It…
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HMDA Data and Strategic Planning for Mortgage Lenders
As a mortgage compliance professional, you know your fair lending responsibility related to HMDA; but I want to go beyond and discuss how to use HMDA data for strategic planning. If you are concerned with corporate growth and development, then you know this is more than a check-the-box exercise. Done with attention and thought, the…
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2021 Year-in-Review of HMDA, Fair Lending, and CRA Developments
As we ring in the new year, it is helpful to recap what has happened in 2021 on three different fronts: HMDA, fair lending, and CRA (the Community Reinvestment Act). I count eight important developments. These are listed in no particular order below: 1. HMDA Filing Instruction Guide (FIG) updates The most recent revision to…
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ComplianceTech Webinar: Using LendingPatterns™ to Identify Problems in your HMDA Data
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
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LendingPatterns™ has been updated with the 2021 Area Median Income
LendingPatterns™ has been updated with the 2021 Area Median Income based on the 2021 FFIEC Census data released July 14, 2021. To review the latest MSA/MD estimates, consult the 2021 Median Family Income Report using the link below. 2021 FFIEC Median Family Income Report
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CUNA Fair Lending Workshop Virtual October 12-13, 2021
Dana Ginsburg, Director of Business Development and Customer Relations, will be speaking at this year’s CUNA Fair Lending Workshop. For additional details, please use this link. Register Today!