RiskExec has recently been updated to include the following enhancements:

CRA Module: CRA Final Rule Addition

A new report has been added to support our clients’ efforts in complying with the CRA Final Rule.

Facility-Based Assessment Area Identification Report

The report has been added to the CRA module and is called the Facility-Based Assessment Area Identification. It can be found under Executive reports. This report can be used to ensure locations are included in Facility-Based Assessment Areas (FBAA). This report can also be used to understand the volumes of lending in all of the bank’s designated assessment areas, as well as in counties outside any currently designated assessment areas. This functionality can be helpful in identifying Outside Retail Lending areas.

This report provides location counts and volumes of lending by county. The report also includes the average of the percent of number and total by county and area type. This functionality supports users in ensuring all locations are included in FBAAs and whether the volume of lending in the FBAAs necessitates creating retail lending assessment areas. 

For specific regulatory guidance, refer to the resources for your bank’s regulator:
 

Federal Deposit Insurance Corporation	Federal Reserve Bank	Office of the Comptroller of the Currency

OCC Reports: Multi-Year Reporting

Users can now run the Table D - Lending Inside and Outside of the Assessment Area and the Lending Activity (Number of Loans and Dollar Volume of Loans) reports on multiple files from different file years.

The data from the files chosen will be aggregated in the report.

HMDA Module

Disparity Indices Report

Users can now group the Disparity Indices report by Assessment Area.

Note: To use this feature, be sure to have an Assessment Area Set attached in the File Attributes tab of your file and geocoding and edit checks are current. 
 

HMDA, CRA, 1071 SBL Modules

Batch Operation: Delete Records

Users can now add notes when using the Delete Records Batch Operation. The notes will populate in the Change Log Report under General reports.

Assessment Area Module

New Unit Level: Place

Place has been added as an additional Assessment Area Unit Level option for non Submission 2024 Geographic Assessment Area Sets. 

2024 File Year

2024 will now be the default file year when accessing modules in RiskExec.