RiskExec Release Notes

RiskExec has recently been updated to include the following enhancements:

RiskExec Connect 2024

Please join us for RiskExec Connect 2024 on Thursday, November 21st from 1:00 PM - 5:00 PM EST!  

RiskExec Connect is our FREE half-day virtual event that brings together industry experts and thought leaders to discuss and inform you on the latest hot topics and trends in regulatory compliance. Whether you’ve joined us in the past or are joining for the first time, RiskExec Connect offers valuable insights to help you navigate the ever-evolving world of compliance.

Session topics include:

• Current State of the Union: Post-Election Implications
• Fair Value in Focus: Tackling Appraisal Bias and Reconsideration of Value
• Strategizing Your CRA Assessment Areas and Modernization
• Exploring the Latest Features and Upcoming Innovations with RiskExec

CRA Module

FRB Performance Evaluation Tables

Six Federal Reserve Board (FRB) Performance Evaluation (PE) Tables have been added to the CRA module. These PE tables were developed using 2024 FRB PEs with 2024 Exam Dates.

• Distribution of Home Mortgage Lending by Borrower Income Level
• Distribution of Home Mortgage Lending By Income Level of Geography
• Distribution of Small Business Lending by Revenue Size of Business
• Distribution of Small Business Lending by Income Level of Geography
• Distribution of Small Farm Lending by Revenue Size of Farm
• Distribution of Small Farm Lending by Income Level of Geography

Before running these reports, be sure to have an Assessment Area Set linked to your CRA file in the File Attributes tab and, if applicable, a HMDA file linked, as well.

Note: Historical FRB tables from PEs on the Federal Reserve website may look different than the reports now in RiskExec. This is because the FRB reports vary by office, district, and year. 

Lastly, all tables have a filter automatically applied for Action Taken Type Includes Originated and Purchased. The small business and small farm tables also have filters for loan amounts of $1 million and $500 thousand, respectively. These filters are applied to ensure only loans meeting the size criteria for small business and small farm loans are included in the report.

Assessment Area Module

Tracts Demographics Report

The MSA column headers have been changed to MSA/MD in this report, as defined by the FFIEC. The data itself has not changed. 

Miscellaneous 

Import Report

The Import Report will now include the name of the uploaded data file utilized in the import.