2023 HMDA The "2023 A Guide to HMDA Reporting It Right!" is now available on the FFIEC's website.  Click here to access the guide.  

RiskExec Product Updates RiskExec has recently been updated to include the following enhancements: 1071 Module Final Rule Updates The team has worked diligently to make the changes required by the final rule to the 1071 module and has completed all updates. All data fields in the final rule are now reflected in the module. Since […]

RiskExec Release Notes Geocoding New Geocoding Source: Esri Esri (https://www.esri.com/en-us/home) has replaced Microsoft BING as RiskExec’s backup geocoding source. HMDA and CRA Modules Manage Custom Edit Checks Update Custom edit checks that were originally created by the RiskExec team cannot be edited. However, users can now replace these edit checks by selecting the edit check […]

2022 HMDA Peer LARs On March 20, 2023, the CFPB released the preliminary 2022 HMDA Peer Modified LARs. Our team has downloaded, converted, and checked the data.  It is now loaded into RiskExec for immediate use. This year’s data has over 16 million records as compared to 26.12 million for 2021. In 2022, there were approximately […]

RiskExec Press Release March 16, 2023 (Washington, D.C.) - Today, RiskExec, Inc. (“RiskExec”) announced its compliance software has been selected by Varo Bank to conduct Fair Lending analytics for its innovative financial products serving Americans living paycheck to paycheck, Varo Advance and Varo Believe. Varo Bank (www.varomoney.com) is the first all-digital, nationally-chartered U.S. consumer techbank […]

RiskExec Release Notes RiskExec has recently been updated to include the following enhancements: HMDA and CRA Modules 2023 FFIEC Geocoding RiskExec is now checking 2023 HMDA and CRA geocoding data against the FFIEC’s 2023 geocoding site. The RiskExec FFIEC Geocoding report will display FFIEC geocodes within a few days of the FFIEC making them available. […]

RiskExec Press Release March 14, 2023 (Washington, DC) - RiskExec® is pleased to announce that industry leading CRA professional, Sarah Brons, has joined RiskExec as Senior Vice President, CRA Products and Services.  In this newly created role, Sarah will oversee the design and enhancement of RiskExec’s SaaS-based CRA module, shaping features and functions to meet […]

RiskExec Press Release March 9, 2023 (Washington, D.C.) - Today, RiskExec® announced its fair lending analytics SaaS-based platform has been selected by Ironhorse Funding LLC (“Ironhorse”). Ironhorse is a leading provider of innovative, full-credit spectrum finance solutions to enthusiasts and dealers in the motorcycle, powersports, RV and marine markets. Ironhorse will utilize the RiskExec platform […]

RiskExec Release Notes RiskExec has recently been updated to include the following enhancements: 1071 Small Business Lending Module Now Available in RiskExec  RiskExec has launched its new 1071 Small Business Lending module (preliminary and based on the NPRM guidance) to enable users to prepare their 1071 Small Business Lending data for submission.  With the new […]

RiskExec Release Notes RiskExec has recently been updated to include the following enhancements: 2022 Dunn & Bradstreet Data Now Available The Dunn & Bradstreet Business counts data for 2022 has been released and is now available in RiskExec. Fair Lending Module Protected Class Variables Users now have the ability to specify the protected classes to […]

RiskExec Release Notes RiskExec has recently been updated to include the following enhancements: Redlining Module Advanced Analysis: Exclude Peers Without Branches Users can now choose to only include peers in their analysis that have branches in the geographies selected during analysis setup.  The OCC has recently considered peer groups with lenders at 50-200% of the […]

2023 OCC Fair Lending Guidelines Click here to access the 2023 OCC Fair Lending Guidelines: https://occ.gov/publications-and-resources/publications/comptrollers-handbook/files/fair-lending/index-fair-lending.html