Find out why a top-ten mortgage lender with a proprietary loan origination system (LOS) needed to convert from a legacy document platform.
RiskExec Release Notes - December 6, 2023
Redlining Module
RiskExec’s Redlining module has been updated to include additional measures to run an advanced analysis on. The Redlining Advanced Analysis setup now includes the following measures as options to select:
Please note that some of these measures are currently not available in mapping and will be added in a future release.
Fair Lending Module
Decisioning Regression Analysis Results: Highlighting Significant Model Agreement
The results of regression analyses have been updated to include the Odds Ratio for each of the classifications tested in the outliers tabs. The Odds Ratio reflects the likelihood of the predicted event (i.e. outlier status) occurring in the protected class as compared to the control group.
HMDA, CRA, and 1071 SBL Modules
Create Export File
When generating a custom export format based on the report format on the application or loan list in the HMDA, CRA, or 1071 SBL modules, a user will no longer have to wait until all applications or loans have loaded. They will now have the ability to click on the “Create Export File” option and choose to export the report as either an Excel, CSV, or Text file. Once the export is finished it will be available to download from the Export tab.
1071 SBL Module
Standard Import Format
Users are now able to import their 1071 SBL data files using a standard 1071 SBL Import Format. This format uses all the fields and data specifications as in 1071 SBL Filing Instructions Guide (FIG).
Miscellaneous
Census Data Added to RiskExec
The following Census markers have been added to all modules for filtering and display in detailed screens.
Find out why a top-ten mortgage lender with a proprietary loan origination system (LOS) needed to convert from a legacy document platform.
Learn more about the Goals Module and its key monitoring and reporting features.
Learn about the changes of state consumer protection and the responsibility of financial services institutions to pursue operational excellence and a culture of compliance.