Maps 2.0

This release includes the new Maps 2.0 accessible within the HMDA, CRA, Fair Lending, Redlining Analysis, Assessment Areas and Batch Geocoding Modules. These maps can be accessed by clicking the “Maps 2.0” button from an individual file under the existing “View Map” option. The current maps will continue to be available for some time and will replaced by Maps 2.0 at a future date. We will notify our users before the current maps are decommissioned.

We will be hosting a training webinar on the features of Maps 2.0 this Wednesday, September 12 at 3:00pm ET. If you have not yet registered for this training and wish to attend, please visit https://www.asurity.com/resources/how-to-use-riskexecs-new-mapping-tool/ to reserve your spot. If you are unable to attend, please submit a registration and we’ll send you the recording.

Goal Setting Module

This first phase of our new module allows users to set customized goals for their HMDA and/or CRA files. These reports can be used to monitor performance in customized categories across specified ranges in time and can evaluate current lending activities as compared to individual targets.

We will continue to enhance this new module in the coming weeks. A demonstration webinar of the full capabilities of this new module will be held following our next release in October.

To receive access to this module, please have your institution’s primary user send a request to riskexec.support@asurity.com asking for permission to the Goal Setting module for specified users.

Fair Lending & Redlining

Conversion to P-Values

Within the RiskExec Fair Lending and Redlining Analysis modules there are certain tests designed to identify and measure statistical significance. This release includes modifications to use p-values when indicating areas that exceed a 95% significance threshold.

Segmented Analyses

Users can now select segmentation variables for 2-Factor Proportions Tests and Difference of Means Tests. Users can also set a minimum segment count below which the test will not be run. Segmenting these tests will result in the generation of multiple analyses housed in the Analysis Test Results tab so that significance can be measured for subsets of data divided according to user selection.

For example, if a user creates a Denial Disparity test segmented by Loan Type, the analysis will contain individual segments for Conventional, FHA, VA, etc with specific p-values for the protected class categories within the one specific type of loan. An unsegmented Denial Disparity test would provide p-values for protected class categories for all loans combined.

HMDA Filing Instructions Guide (FIG) Updates

Version 3.5 Updates

V651 and V655 were modified to exclude purchased transactions.

Version 3.6 Updates – Incorporating changes for Exempt Institutions

Last week the Bureau of Consumer Financial Protection released an updated FIG to support the implementation of changes made to HMDA by the Economic Growth, Regulatory Relief and Consumer Protection Act signed in May by the President. This update allows new exemption values for institutions that are subject to exemption from portions of the expanded HMDA data requirements. The update also adds and modifies certain edit checks to account for the new value options.

The RiskExec Team is currently reviewing these updates and determining the best ways to implement the changes within our HMDA module. Should your institution be included under the exemption options, please be aware we will communicate additional updates to accommodate these changes.