These trends increasingly have put pressure on legacy desktop and client/server HMDA
and CRA software, which impose ongoing hardware and personnel costs over time to keep pace with changing business and regulatory requirements from the Federal Financial Institutions Examination Council (FFIEC) and other regulatory agencies.
Wiz is now available as an SaaS or "Cloud Computing" solution, institutions can begin using it to collect, report on, analyze and submit HMDA
data to their regulator almost immediately.
The data should be reviewed by multiple groups, scrubbed by a dedicated team of HMDA
subject-matter experts, error-tested internally and tested again by an independent team.
In addition, the Resubmission Guidelines instruct financial institutions reporting 100,000 or more entries on the HMDA
LAR to correct and resubmit HMDA
data when errors are found in 4% or more of the HMDA
LAR sample entries, or between 2% and 4% of the sample entries within an individual data field.
The 2015 HMDA
dataset contains over 11 million records across 7,062 respondents.
dispersion was tested in four different AEM compounds in two different laboratory studies and also in factory trials.
The purpose of HMDA
is to provide information about how well financial institutions are serving the housing credit needs of neighborhoods and communities in which they operate.
The Board has carefully considered Associated's lending record and HMDA
data in light of public comment about its record of lending to minorities and in predominantly minority communities.
The primary goal of HMDA
and HOEPA is to bring economically disadvantaged people and their local economies back into the mainstream.
The use of HMDA
data to find discrimination malefactors is likely to ensnare lenders analogous to the Equal Opportunity Bank precisely because of their reputations for fairness.
This year, QuestSoft added a streamlined submission routine that allows customers to submit their HMDA
and CRA reports to the Federal Reserve Board with just five clicks of a mouse.
hearings were conducted by the Federal Reserve in 2010, and the resulting recommendations became part of the Dodd-Frank Act shortly thereafter.