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Sizing the market in LendingPatterns™
Before a lender enters a market, it needs to gauge the size of the business opportunity. An accurate understanding of historical loan production in each metro area, county, state, city and even census tract can help size the opportunity and the amount or location of resources needed to seize it. All of this is available…
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2017 EarlyLook HMDA Data Available in LendingPatterns™
MCLEAN, VA April 18, 2018 – Today ComplianceTech announced the availability of an early look of the 2017 HMDA data in its widely used LendingPatterns™ application. LendingPatterns™ is an advanced fair lending and compliance data analysis tool used by every major sector of the mortgage lending industry, including lenders, regulators, GSEs, enforcement agencies, fair housing…
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Are you Using HMDA Data for Strategic Planning? You Should Be
As a mortgage compliance professional you know your fair lending responsibility as it relates 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…
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Quickly Analyze HMDA 2018 Today!
The ability to import 2018 format TXT files as Private Data is now available in LendingPatterns™. The link to the file specs can be found online: https://www.consumerfinance.gov/data-research/hmda/static/for-filers/2018/2018-hmda-fig.pdf.) There is no change to available reports in LendingPatterns™. In the process of importing, LendingPatterns™ will transform your Private Data into pre-2018 format. Our approach is to…
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2018 HMDA and Fair Lending Underwriting Analysis
As the first quarter of 2018 ends, many compliance officers will be interested in doing a preliminary analysis of their 2018 HMDA data. This blog focuses on how underwriting analysis changes going forward. If you have been doing a thorough analysis, the best advice is to keep doing what you have been doing. And if…
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ComplianceTech Named to HousingWire 2018 Tech100
ComplianceTech was named to The 2018 HW Tech100 by HousingWire Magazine.