“Within days of the governments’ release of 2018 HMDA Modified LAR, we have uploaded the entire validated peer data set and made it available to our customers in RiskExec,” says Luke Wimer, Chief Operating Officer of Asurity Technologies. “Our SaaS model and scalable analytics platform allows us to lead the industry in providing data to our clients.”

This current release of the downloaded 2018 HMDA data includes 5,619 institutions comprising 14,708,414 records. The count of total records is very similar to 2017 although this year’s data contains HELOCs. The overall origination rate is also very similar at approximately 51%.

“The consistency in volume and originations shows stability and is a positive indicator of housing market health,” says Dr. Anurag Agarwal, founder, president and chief architect of RiskExec. “In today’s regulatory environment, it is critical for lenders to quickly and easily understand how the landscape is evolving, and how their lending profiles compare among peers. RiskExec will be updated weekly as this data is changed due to resubmissions leading to a final aggregate data released by CFPB later in the year.”

From goal setting, dedicated redlining analysis and interactive mapping to peer rankings and data visualization, RiskExec provides executive and regulatory reporting for the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), and fair lending compliance requirements.