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The ComplianceTech Team will be at the MBA Annual Convention
Are you feeling overwhelmed by fair lending analysis, have an upcoming exam, or don’t know where to begin? For starters, talk to the ComplianceTech team about their solutions. ComplianceTech prides itself on delivering the best HMDA and fair lending compliance software available to independent mortgage companies and financial institutions. We are happy to announce that…
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Why Your Financial Institution Should Attend the 2019 Fair Lending Interagency Webinar
The year may almost be over, but that doesn’t mean the learning opportunities for fair lending compliance management professionals is over. ComplianceTech is always searching for new events to advance our skill sets and those of our clients, and we believe the next great opportunity is at the 2019 Fair Lending Interagency Webinar. Here is…
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Denver Business Journal Article on Colorado’s Growing Hispanic Population
The Denver Business Journal recently used data from LendingPatterns.com for a story on “What banks, credit unions are doing to appeal to Colorado’s growing Hispanic population.“
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What the 2018 CFPB Fair Lending Report Means for Your Business
Every year, thousands of financial institutions across the United States gather their HMDA data and submit it to the Consumer Financial Protection Bureau (CFPB) for its use to monitor community housing needs; to compile lending statistics; and to identify predatory lending practices. This means that the CFPB is constantly analyzing new trends in the financial sector, which…
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2018 HMDA EarlyLook data now available in LendingPatterns
The HMDA 2018 EarlyLook data available in LendingPatterns™ are derived from the “Modified-LAR” data available on the CFPB website on June 10, 2019. ComplianceTech is confident that each lender’s HMDA data in LendingPatterns™ correctly represents the data downloaded from the CFPB website.
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Everything You Need to Know About the Consumer Financial Protection Bureau’s UDAAP Symposium
Financial institutions have been a part of America’s economy since the beginning of the country, and the good faith dealings between these institutions and their customers have created the prosperity we know today. Maintaining these good faith negotiations is key to our future success, which is why the Consumer Financial Protection Bureau (CFPB) is launching…
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How the Veterans Affairs Lending Scandal Affects You and Your Business
Refinancing VA loans can be profitable as they bring large payments to financial institutions. However, some financial institutions have pursued predatory loans with vulnerable borrowers, and this has led to the current Veterans Affairs Lending Scandal. Here is everything that you need to know about the scandal and how it may affect you and your…
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VA owes disabled veterans refunds on home loan fees, report says
The federal government owes at least $189 million to 53,000 disabled veterans who overpaid on their home loans, according to the Department of Veterans Affairs’ inspector general. Read more on the Washington Post website. ComplianceTech also posted a blog on the topic. Use this link to read the blog.
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How the CUNA Fair Lending Workshop Can Help Your Business
Mortgage lending and compliance is a field that is constantly shifting, with new legislation requiring credit unions to change their practices and systems appearing regularly. Fortunately, the Credit Union National Association understands these changes and hosts annual workshops to educate compliance officers and creditors. Here is everything you need to know about the upcoming 2019…
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Consumer Financial Protection Bureau Proposes Changes to HMDA Rules
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today issued a Notice of Proposed Rulemaking (NPRM), which proposes to raise the coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit under the Home Mortgage Disclosure Act (HMDA) rules. For more details click this link.