Added on February 9, 2017
We are finalizing and QA testing our Comply 16.1 release and should have it ready by February 17th.We have made many improvements to DataMine and Audit that we had wanted to add from the beginning, but simply didn't have time to get into version 16. We have also made changes to the way we store Geographic Areas and Peer groups to better deal with multiple years in preparation for multi-year analysis in the future. In addition, we are adding new Business and Farm demographics to help with evaluating Performance Evaluation data. The RATA Business and Farm census data will now help institutions look at their business and farm lending and compare their it to the percentages of all businesses in their areas broken down by low/mod/middle/upper income areas. This data is not based on D&B…
Added on February 9, 2017
It's been a little while since we posted an update on our progress regarding the 2018 changes. There hasn't been a lot of additional information released by the CFPB regarding those changes in the last 6 months. We were hoping that they would have released the edit check specifications by now, but that hasn't happened as far as we know. Since our last update, we have had many internal meetings about various ways to deal with the pending changes. We have come up with what we believe is an even better way to deal with the new data in Comply but it will take a little longer to implement. We feel the benefits outweigh a slight delay in release, and we just wanted to keep you up to date. The new release date for the import testing version of Comply 17 is now scheduled for April 2, 2017. One of…
Added on January 30, 2017
Thank you as always for using the RATA Comply software and Geocoding services to help with your HMDA and/or CRA submissions. As part of our efforts to ensure that you have the highest quality and most current geocode results for submission, we re-geocode every application that was submitted prior to January 15th to try and improve the precision codes. We then go through the file to look for improvements to any geocodes based on the precision codes and then return any improved results in the End Of Year (EOY) geocode update file. This file should be applied to your Comply system at your earliest convenience to assure that these improved results are a part of your submission to the FFIEC. The EOY update file will only affect records submitted before January 15, 2017 so if you have submitted…
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