“Within hours of the government’s release of the 2016 HMDA data set, we were able to integrate validated HMDA data in RiskExec’s compliance software,” says Luke Wimer. “By using a SaaS-based model, we have unmatched agility in providing new data first in the industry.”
The 2016 HMDA dataset contains more than 16 million records. Between 2015 and 2016, the residential home market increased by one million originated loans with a total of two million records.
“The increase in originated loans could be a positive indicator of housing market health and the easing of credit requirements for residential lending,” says Dr. Anurag Agarwal, founder, president and chief architect of RiskExec. “In today’s regulatory environment, it is critical for lenders to quickly and easily understand how the landscape is evolving, and how their lending profiles compare among peers.”
From dedicated redlining analysis and interactive mapping to peer rankings and data visualization, RiskExec provides executive and regulatory reporting for the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), and fair lending compliance requirements.
For additional information regarding RiskExec, please visit https://riskexec.com.
