RiskExec Press Release August 16, 2022 (Washington, D.C.) - Today, RiskExec, Inc. (“RiskExec”) announced its software has been selected by Abilene, TX based First Financial Bank to assist in automating HMDA, CRA, Fair Lending processes. RiskExec is a leading SaaS compliance and reporting platform designed for managing regulatory compliance for banks, mortgage lenders, credit unions, […]
RiskExec Product Updates Dynamic Import Wizard Pre-Configured Standard Formulas and the Ability to Save Calculated Field Expressions Users now have access to a Standard Formula (a calculated field pre-configured by RiskExec) in the Dynamic Import Wizard that will calculate the Applicant Age and/or Co-Applicant Age. Users also now have the ability to save calculated fields […]
RiskExec Press Release July 14, 2022 (Washington, D.C.) - Today, RiskExec® announced it has been selected by Yamaha Motor Finance Corporation, U.S.A. (“Yamaha Motor Finance”) to provide its software to assist in the Fair Lending Analysis of Yamaha Motor Finance’s retail portfolios. Yamaha Motor Finance is a wholly owned subsidiary of Yamaha Motor Corporation, USA, […]
RiskExec Release Notes RiskExec has recently been updated to include the following enhancements: Redlining Module When a user runs an Advanced Redlining analysis on a 2022 HMDA or CRA dataset, Peer or Market factors will be excluded from the setup options as the 2022 census tract data differs significantly between 2022 and previous years. The […]
RiskExec Release Notes RiskExec has recently been updated to include the following enhancements: Peer Analysis Module HMDA 2021 National Snapshot The HMDA 2021 National Snapshot was released by the CFPB on June 16th. It is now available for all HMDA Peer 2021 reports in RiskExec. Users can now also download the 2021 HMDA Peer Data, […]
RiskExec Release Notes Redlining ModuleStreamlined Redlining Analysis Users will now see two analysis options: Streamlined Analysis and Advanced Analysis. The Advanced Analysis is the original option to create a New Analysis in the Redlining module. Nothing has changed in the process of setting up a new Redlining analysis when the Advanced Analysis option is selected. […]
RiskExec Release Notes RiskExec has recently been updated to include the following enhancements: HMDA ModuleIRS Report The RiskExec HMDA IRS report has been updated to more accurately match the report generated by the CFPB on submitted data. CRA ModuleNew Report: Distribution of Loans Inside Versus Outside the Assessment Area(s) A new Compliance Report has been […]
RiskExec Release Notes RiskExec has recently been updated to include the following enhancements: HMDA and CRA Modules New Enhanced Quality Edit Checks RiskExec has added three new Enhanced Quality Edit Checks to the HMDA and CRA modules. Users will need to click "Run Edit Checks" in their HMDA or CRA file to check for these […]
RiskExec Product Updates Geocoding Location Geocoding Update in Manage Institution The geocoding has been updated for all locations that had tract changes in 2022. For those locations, we created a new version of the location with the new geocoding. For example, the branch below had a tract change in 2022, so a new entry for […]
RiskExec Release Notes Fair Lending Forum The Fair Lending Forum is taking place in Charlotte, NC on May 2 - 4. Admission is FREE. Registration closes on Monday, April 18. Click here to register. Manage Institution Numeric User-Defined Fields When a user selects Numeric as the Type for their User-Defined Field, a note will now […]
RiskExec Release Notes RiskExec has recently been updated to include the following enhancements: Fair Lending Forum You are cordially invited to the Fair Lending Forum in Charlotte, NC on May 2- 4. Admission is FREE. If you have already registered, we look forward to meeting you! If you haven't, space is limited so please register […]
RiskExec Release Notes RiskExec has recently been updated to include the following enhancements: Fair Lending and Redlining ModulesUpdate Dataset with Dynamic Importer Users are now able to update Fair Lending and Redlining datasets using the Dynamic Import Wizard. Fair Lending ModuleRegression Analysis Definitions In all Decisioning Regression analyses run moving forward, users can hover over […]