Find out why a top-ten mortgage lender with a proprietary loan origination system (LOS) needed to convert from a legacy document platform.
This dataset includes small business, small farm, and community development lending data reported by certain commercial banks and savings associations. The data is available in RiskExec’s Peer Analysis module.
The three Federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) - the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) - released this data on December 21, 2021 and we are proud to share that later the same day, RiskExec team had downloaded, validated, tested and loaded it successfully into its platform for our users.
The 2020 CRA peer data set includes data from 687 lenders comprising over 8.3 million small business loans and over 200,000 small farm loans.
“A thorough analysis of CRA data is a crucial component for an institution to be able to evaluate if they are meeting the credit needs of the communities they serve,” says RiskExec President Dr. Anurag Agarwal. “As always, it is critical for us to get this data into the hands of our users so they can make meaningful comparisons of their own data versus their CRA peers before the end of the year. Timely comparisons are key for our users to be able to tell their story and are pivotal when constructing CRA Performance Evaluations (PEs).”
About Asurity
Asurity delivers compliance focused products and solutions to the mortgage lending industry. Asurity’s offerings include RiskExec, a reporting and analytics platform for HMDA, CRA, redlining, fair lending and fair servicing, and AsurityDocs, a leading solution for the dynamic preparation of compliant mortgage document packages. For additional information, please visit www.asurity.com.
Find out why a top-ten mortgage lender with a proprietary loan origination system (LOS) needed to convert from a legacy document platform.
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