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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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Deep Dive into CFPB’s Public Complaint Database
Every company, even the exceptionally good ones, will get a complaint from time-to-time. That said, I think the Consumer Finance Protection Bureau (CFPB) Consumer Complaint Database is a valuable resource for both consumers and our customers who are mortgage lenders. The database at that link contains over 1.2 million complaints related to all types of…
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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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UDAAP and ECOA Issues in Servicing
Due to the mass amounts of paperwork and legislation, mortgages are a key part of the U.S. financial industry and its most complex feature as well. Here is a quick breakdown of two key compliance concerns related to servicing, one being “fair servicing” ECOA issues and the other being unfair practices under UDAAP: The Challenge…