RiskExec Release Notes - April 7, 2021 - Asurity - Mortgage + Regulatory Solutions

RiskExec Release Notes - April 7, 2021

April 12, 2021

RiskExec has recently been updated to include the following enhancements.

Sign up for news + updates

Expert insights and regulatory updates on RegTech, compliance management, and fair lending.

RiskExec has recently been updated to include the following enhancements:

Peer Analysis

2021 PPP Data is Now Available

The Treasury Department along with the SBA have made the updated PPP nationwide data available as of March 3, 2021. RiskExec has downloaded, converted, and integrated this data into the Peer Analysis module. Users can now access this data to create 2021 PPP Peer Sets and construct Peer Units based on the geographies available in the data. Users can then view reports, analyze their own data against their Peers, and create charts using the Crosstab report.

Peer Finder
In order to provide as much information as possible about how Respondent Groups are generated and utilized in both the Peer Analysis and Redlining modules, some changes have been made to the Peer Finder and its connection to Peer Sets.
For Respondent Group Peer Sets created after the date of this release (4/7/2021), whenever the Peer Finder is used to get a list of suggested peer institutions, we will record the criteria used in the Peer Finder with that Peer Set. The criteria can be reviewed by clicking on "View Parameters" in the Peer Set Options menu.

View the criteria used in the Peer Finder by clicking "View Parameters."

View parameters of a Respondent Peer Group

**Please note that the list of respondents is still editable after the Peer Finder suggests a list of peers. The Peer Finder results do not definitively determine what was selected for the Respondent Group. **

Redlining Peer Finder

In Redlining, users must select from an existing Respondent Group Peer Set, rather than adding individual respondents or using the Peer Finder, while setting up a Redlining Analysis. This allows us to easily connect the Redlining Analysis to a Respondent Group and provide information about the criteria used to create it.

Select an existing Respondent Group Peer Set that was created in the Peer Analysis module for your Redlining analysis

Fair Lending

Difference of Means

We have added a click through within the Difference of Means analysis results to get to the loan-level detail. To access the loan-level detail, click on a hyperlinked number in the Test Results tab:

Users can now access loan-level detail in a Difference of Means Analysis

Then, click on a record in the Application List to review that application’s information:

Click the hyperlink in the Test Results tab to access the Application List

HMDA and CRA Charts

Percentages have been added to the chart feature on the File Summary tab in HMDA and CRA.

Percentages have been added to the chart feature on the File Summary tab

Miscellaneous

Dynamic Importer

Hovering over any RiskExec field in the Dynamic Importer will now display a tooltip to let you know what type of field it is and its length. If it is a coded field, it will also tell you the Code Type.

Recommended Resources

Propel™ by Asurity - Case Study: Proprietary LOS Integration

Find out why a top-ten mortgage lender with a proprietary loan origination system (LOS) needed to convert from a legacy document platform.

Goals Module Overview

Learn more about the Goals Module and its key monitoring and reporting features.

Reg+Tech Magazine Volume 2 Issue 1

Learn about the changes of state consumer protection and the responsibility of financial services institutions to pursue operational excellence and a culture of compliance.