HMDA/CRA Reporting Quickly Approaching!
Integrations for precision, efficiency
To help promote efficiency and precision, we offer three interfaces that can transfer loan data from Compliance Concierge™ Loans and/or Mortgage directly to HMDA and/or CRA reporting solutions. As powerful tools for maximizing precision, interfaces work behind-the-scenes to provide direct and timely access to correct information, while streamlining productivity and reducing the potential for compliance errors. With HMDA/CRA reporting just around the corner, it’s time to take a closer look at FIPCO’s integration options from Compliance Concierge™ to QuestSoft Compliance Relief and HMDA Wiz. Both interface products provide similar functionality, including:
- Automated geocoding to obtain Census Tract IDs and MSA codes for each loan record
- Rate spread calculation
- Agency reporting compliance validation
- Assessment area determination
- Creation of HMDA and/or CRA submittals and LAR files for secure submission
- Loan portfolio analysis and reporting
The third integration option transfers data from Compliance Concierge™ to the FFIEC reporting tool for those institutions that do not use QuestSoft or HMDA Wiz.
For further information or to schedule a free demo, call Jodi Zieske at 800-722-3498, ext. 274, or email FIPCOsales@fipco.com