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™ is up to date with the CFPB’s most recent Snapshot National Loan Level HMDA Dataset published on 5/7/2018.
- The CFPB announced that they will publish weekly “dynamic datasets,” beginning in June, that will contain late submissions and resubmissions of lenders’ HMDA data.
- Trend analysis is available for up to 14 years based on a lender’s HMDA submission history.
- LendingPatterns™ can plot HMDA and Non-HMDA lending activity on interactive maps. You can easily see a visual display of lending activity on a map.
- It is possible to upload non-public HMDA data for analysis prior to HMDA submission. This is your opportunity to see year-to-date results and focus on strategies for action.
Contact ComplianceTech for a demo of LendingPatterns™ today.