Comply News

The CFPB just released updated 2018 HMDA submission requirements on Friday, August 31. These changes are for the 2018 data currently being collected, and must be used on this data that will be submitted in March 2019. There are both new and modified edits, as well as requirements for partially exempt institutions. We are still digesting the information as the documentation is quite verbose, as usual. We will be adding the submission changes to our Comply 18 release which is still expected to be available by the end of October, but wanted you to know that we are aware of the changes and are actively working on them. Here is a link to the official site:…

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RATA Associates is pleased to announce that the 2018 FFIEC demographic data is now available for all RATA Clients. If you use Auto-Updates to keep your system data up to date, you should see the new data available the next time you log in to Comply. If you don't use Auto-Updates the data will be available on the RATA Support Site to download and import. Please note that this is the second year that the demographic data is based on the 2015 ACS.  More info on the 2015 ACS below. Comply links the demographics to the geocoding in the system automatically so once you update your system all new reports and views of the data are retroactive for the entire year. For those of you using our QuickPoint Web Service (QPWS) to geocode applications real-time in your LOS systems, you will only…

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Comply 17.12 is now available for download. This version incorporates all of the earlier 17 releases and can be implemented at your earliest convenience, if needed. As always, check the changes document to see a list of all changes to decide the update priority for your institution. At the moment, we believe this new version of Comply is fully in sync with the 2018 CFPB FIG edit specifications as they have not published any changes since February. 

You can download the 17.12 update from our support site: https://support.rataassociates.com/dl_installs.asp

Feel free to contact us with any questions.

Comply 17.11 is now available for download. This version incorporates all of the earlier 17 releases and can be implemented at your earliest convenience. Since our 17.1 release in March, there have been changes made to Comply that affect both CRA and HMDA reporters. For CRA reporters, the 17.1 update inadvertently ceased to round the Loan Amount, which has been corrected in this release. There have also been a couple edit changes made to correct some Validity and Quality edits as published by the CFPB, including the Q617 edit. At the moment, we believe this new version of Comply is fully in sync with the 2018 CFPB FIG edit specifications as they have not published any changes since February. As always, check the changes document to see a list of all changes to decide the update priority…

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The Official 2017 Peer HMDA data is now available for Comply DataMine and the Peer-2-Peer website. The data is available on the RATA Support Site. If you downloaded and installed the pre-release version of the data, this will simply overwrite the old data. The DataMine tool allows institutions to create Excel pivot tables and custom reports with the peer data and also compare it to your current HMDA data. Once you have installed this data you will have to do a full Sync in Datamine to use it. The Peer-2-Peer product is a web-based tool designed to help you understand how your institution is lending compared to specific peers or the rest of the industry. The Peer tool can help you see Summary Lending data for any submitting institution as well as Ranking reports and Market Share reports.…

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