2019 HMDA Preliminary Modified LAR Files Integrated Into RiskExec

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Apr 02, 2020, 14:42 ET

WASHINGTON, April 2, 2020 /PRNewswire/ -- Asurity announces the immediate integration of the 2019 Home Mortgage Disclosure Act (HMDA) Preliminary LAR files made available by the Consumer Financial Protection Bureau (CFPB) on Wednesday, April 1 into its RiskExec platform. RiskExec is a comprehensive web-based compliance reporting and analysis platform that automates HMDA, CRA, redlining, and fair lending processes.

The downloaded 2019 HMDA data includes 5,500 institutions comprising 17.2 million records.

"While there has yet to be a public CFPB announcement, RiskExec learned that at 11AM April 1, the CFPB released its 2019 HMDA data. We prioritized getting the data to every RiskExec client, and are pleased to report that by 6PM the same day, all RiskExec clients gained access to the released data," says Andy Sandler, Founder and CEO, Asurity. "Being first to market is a capability we pride ourselves in and we are committed to maintaining this level of responsiveness."

"In today's regulatory environment, it is critical for lenders to quickly and easily understand how the landscape is evolving, and how their lending profiles compare among peers," says Dr. Anurag Agarwal, Founder, President and Chief Architect of RiskExec. "RiskExec will be updated weekly as this data changes due to resubmissions resulting in a final aggregate data release by the CFPB later in the year."

From goal setting, dedicated redlining analysis, and interactive mapping to peer rankings and data visualization, RiskExec provides executive and regulatory reporting for the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), and fair lending compliance requirements.

To learn more about future releases, product updates, or more about the RiskExec platform, please contact Asurity's media relations team via Courtney Bochicchio, Communications Coordinator, [email protected].

About Asurity
Asurity delivers compliance focused products and solutions to the mortgage lending industry. Asurity's offerings include RiskExec, a reporting and analytics platform for HMDA, CRA, redlining, and fair lending, and AsurityDocs, a leading solution for the dynamic preparation of compliant mortgage document packages. For additional information, please visit www.asurity.com.

SOURCE Asurity