RiskExec has recently been updated to include the following enhancements:

2022 and 2023 Zip Codes Are Now Available

The US Department of Housing and Urban Development (HUD) has released their crosswalk file and all zip code data has been updated in RiskExec for 2022 and 2023. The RiskExec Map Layers and demographic reports now include Zip Codes for 2022 onwards.

Assessment Areas Module

Rural Non-MSAs

Users are now able to create Rural Non-MSA based Assessment Area units. These Units can also now be used in Redlining Analysis.

Fair Lending Module

Coefficient Display When a Variable is Dropped

When running a regression, the statistics engine will drop certain factors due to various reasons including multicollinearity when these issues arise. The Coefficient tab has now been modified to display “NA” for all values for these variables when they are not utilized in the specific run for the regression analysis. The Analysis Notes tab also lists the factors dropped and the reason they were dropped.

Regression Analysis for Processing Days

Users can now use Processing Days as the dependent variable in a pricing (linear) regression analysis. This will allow users to conduct a processing days analysis utilizing explanatory factors to determine whether statistical differences in processing times exist.

CRA Module

Community Development Tab

A note has been added to the Community Development tab of the Loan Detail screen to explain that all of the fields on this screen are optional and not submitted.

Reports Moved and Renamed

The following reports have been moved to the Executive reports section:

• Lending Summary
• Distribution of Loans Inside Versus Outside the Assessment Areas
• Lending By CRA Loan Type
• Mortgage Lending by Borrower LMI Class
• Non-Consumer Lending By Loan Amount Class
• Non-Consumer Lending By Annual Revenue Class
• Consumer Lending by Borrower LMI Class
• Community Development Lending
• Branch and ATM Distribution
• Branch List

The following reports were renamed:

• Non-Consumer Lending By Loan Amount Class is now called Small Business/Small Farm Lending By Loan Amount Class
• Non-Consumer Lending By Annual Revenue Class is now called Small Business/Small Farm Lending By Annual Revenue Class

New OCC Report

The Table A - Demographic Information report has been added to the list of OCC reports available in CRA. 

RiskExec Reports

Now Sorted Alphabetically

All report lists in RiskExec have been sorted so they are listed alphabetically. 

Manage Institution

New Location Type: LSC

Users now have the option to choose Limited Service Center, or LSC, as the location type when importing or manually adding a new location.