RiskExec Press Release

Washington, D.C. (March 27, 2024) - RiskExec, Inc. (“RiskExec”) is pleased to announce the availability of the Preliminary Modified Loan Application Registers (LARs) for Home Mortgage Disclosure Act (HMDA) 2023 submission data. The Consumer Financial Protection Bureau (CFPB) has recently deposited this data in the public domain, and RiskExec has swiftly downloaded and verified the information.

RiskExec is a SaaS compliance and reporting platform designed for managing regulatory compliance for banks, mortgage lenders, credit unions, auto lenders, and digital lenders. The best-in-class solution quickly geocodes, runs edit checks, and with clean data, creates analyses to determine lending dispositions, compares to peers by market, and tracks performance towards achieving internally defined goals.

While awaiting the official release of the Respondent Panel necessary for converting this data into Depositories, Independent Mortgage Companies, and Credit Unions, RiskExec has leveraged its expertise and logic to provide users with immediate access to this critical market information.

"We understand the importance of timely access to comprehensive data for informed decision-making in the mortgage industry," said Anurag Agarwal, President, RiskExec. "With the Preliminary Modified LARs now available, RiskExec users can gain valuable insights into originations, lending trends, and top lenders' performance in 2023."

RiskExec is conducting in-depth reviews and three-year trending analyses to offer users a more detailed understanding of market dynamics and performance metrics. A snapshot of year-over-year changes reflects this:

RiskExec users can access this data today, offering them a competitive advantage in navigating regulatory compliance and optimizing lending strategies.

For more information or to schedule a demo, contact Chris Gray at cgray@riskexec.com.

About RiskExec
RiskExec is a leading SaaS-based fair lending analytics and reporting platform that helps banks, mortgage lenders, credit unions, and non-traditional lenders more easily comply with demanding regulatory requirements, including HMDA, CRA, and SBL/1071. RiskExec’s browser-based software automatically incorporates new regulatory, geographic, and peer institution data in real-time to help lenders stay up to date on evolving requirements. Financial institutions rely on RiskExec’s modules to geocode; proactively identify areas of disparate impact, redlining, and/or steering; take corrective action as needed; and assemble HMDA and CRA files and run government edit checks prior to submission. To learn more about how RiskExec helps compliance experts shift their focus from finding problems to proactively building opportunities for clients and institutions, visit https://riskexec.com.

Media Contact:
Era Williams
Director of Marketing
RiskExec
(214) 257-1763
ewilliams@riskexec.com