WASHINGTON--(BUSINESS WIRE)--Treliant Solutions has delivered an enhanced, next-day view of the government’s 2015 Home Mortgage Disclosure Act (HMDA) peer databases and rankings in RiskExec®, a leading Software as a Service (SaaS) solution for fair lending and HMDA compliance.
Each year, the Federal Financial Institutions Examination Council (FFIEC) publicly releases this data on home loans and applications for analysis, to better address communities’ needs and identify any discriminatory lending patterns. By incorporating the 2015 HMDA public data within 24 hours of the FFIEC’s release, RiskExec has once again demonstrated market leadership in enabling clients to conduct a fast and full review of residential lending and competitive performance.
“This data is used by our clients both nationally and in specific geographies to compare their 2015 performance against their competitors and peers,” said Dr. Anurag Agarwal, President of the RiskExec Division at Treliant Solutions. “In today’s regulatory environment, it is critical for lenders to understand how their lending profiles differ from peers’. That’s why we have made it a standard practice to provide our clients with enhanced access to the HMDA data within hours of the government release.”
The 2015 HMDA dataset contains more than 14 million records across 6,913 respondents. To visualize and analyze the data, RiskExec includes browser-based geocoding, mapping, and data visualization capabilities ranging from interactive maps to peer rankings, tables, and charts, as well as executive and regulatory reporting for all facets of HMDA, the Community Reinvestment Act (CRA), and fair lending. Delivered as a SaaS solution, RiskExec enables effective compliance and allows managers to generate key insights and business intelligence.
“Speed-to-insight is essential in the financial services field,” said Andrew L. Sandler, Founder and Chairman of Treliant Solutions, which owns and operates RiskExec, and CEO of Treliant Risk Advisors. “We are investing in RegTech capability to provide our clients best in class solutions. RiskExec enables financial institutions to get ahead of the compliance curve and compete on sure footing.”
RiskExec is a Software as a Service (SaaS) solution for achieving excellence in fair lending, Home Mortgage Disclosure Act (HMDA), and Community Reinvestment Act (CRA) compliance. Accessible via a browser, RiskExec allows lenders to submit HMDA and CRA data with accuracy and ease, and to generate fair lending insights and business intelligence from any lending portfolio (including mortgage, credit card, auto, student loans, and more). RiskExec may be used enterprise-wide with no seat restrictions.
About Treliant Solutions
Treliant Solutions, in affiliation with Treliant Risk Advisors, is a provider of software designed to reinvent compliance as a source of competitive advantage for financial services firms. In addition to RiskExec®, Treliant Solutions offers: TRID Assure™, a proprietary file review system that ensures full compliance with the “Know Before You Owe” or TILA-RESPA Integrated Disclosure (TRID) Rule; MRG Document Solutions, a leading solution for the dynamic preparation of compliant mortgage document packages, offered in affiliation with the Mortgage Resources Group; and BoardEffect, an easy-to-use solution for board governance. For more information, visit www.treliantsolutions.com.