Blog
List of articles
I Have Some Suggestions on HMDA Peer Selection
Defining HMDA peer groups is critical for fair lending benchmark performance evaluation. I’m often asked, “How do regulators define a peer group?” Regulators don’t define peer groups; they offer guidance. For example, they expect lenders to know who their...
5 Interesting Facts about the FFIEC List of Distressed and Underserved Census Tracts
Each year, the FFIEC releases a list of Distressed and Underserved Nonmetropolitan Middle-Income Census Tracts (link). Community Reinvestment Act guidance (see, for example, this link) illustrates the emphasis that bank regulators place on these tracts. As a lender,...
Trends in troubled places
Much has been written in this blog about the use of LendingPatterns™ in uncovering loan production opportunities (for example, here). Within metro areas, activity levels can change so drastically over time that you need a fast and easy way to create trend analysis....
Lenders Want to Make More Loans
All lenders in the home mortgage lending business want to make more loans. That’s why they are in business. Many lenders do a good job planning and executing outreach strategies to make loans to everyone. However, some lenders do a better job than other lenders in...
Redlining Analysis: How it Works, and the Mitigating Factors You Should Consider
In LendingPatterns™ there are two methodologies to determine statistical evidence of redlining. Both approaches use the z-test, the standard test to determine whether differences in proportions are statistically significant. The p-value output from the z-test gets...
5 Things You Need to Know About ComplianceTech’s LendingPatterns™
5 Things You Need to Know About ComplianceTech’s LendingPatterns™ The infographic depicts the an overview of the 2017 HMDA data released by CFPB on May 7th. Below, you'll find 5 Things You Need to Know about ComplianceTech's LendingPatterns™ . LendingPatterns™...
2018 HMDA and Fair Lending Pricing Analysis
My blog post from April 3 explored whether and how 2018 HMDA changes cause the mortgage underwriting analysis to change. This blog similarly delves into the mortgage pricing analysis. (You will notice some common language between the two blogs.) If you have been doing...
Do GSE Affordable Housing Goals support fair access to credit?
Among the financial institutions bailed out by the government after the great recession circa 2008, only Fannie Mae and Freddie Mac (the “GSEs”) are still in conservatorship under the supervision of the Federal Housing Finance Agency (FHFA). In exchange for the...
Processing Time and the Quest to Produce Loans Profitably
LendingPatterns™ is more than a HMDA fair lending analysis tool. New in LendingPatterns™ are two pipeline reports that analyze the average processing time by action taken. Even though the reports cannot be used for monitoring secondary hedging/coverage...
5 Reasons to Consider Hiring a Compliance Consultant
As we sit back and watch the world unfold in front of us on a daily basis, we have the ability to witness technological advances in everything from medicine to space travel. We’ve seen governments change and individuals come and go. But the one thing that has...
How to generate a 2018 HMDA TXT file using the CFPB LAR Formatting Tool
If you have a loan origination system extract handy, and you want to generate a 2018 HMDA TXT file for analysis in LendingPatterns™ or Fair Lending Magic™, here is a how-to guide on preparation of the file. 1) Download the macro-enabled spreadsheet from the CFPB URL...
ComplianceTech launches LendingPatterns Lite™, a New Website Designed to Serve Those with a Need to Know More about Mortgage Lending in America
ComplianceTech, McLean, VA, announces the release of www.LendingPatternsLite. This new free site is designed to serve those with a need to know more about mortgage lending in America. It makes the power of the Home Mortgage Disclosure Act (HMDA) data accessible to...
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...
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...
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...