Knoxville, TN, September 19, 2013 --(PR.com
)-- RMS, Incorporated, a leading provider of compliance software and solutions for the banking/mortgage industries announced today the release of the 2012 Home Mortgage Disclosure Act (HMDA) Peer Databases and Rankings in RiskExec®, a suite of regulatory compliance software tools.
This data is compiled by the Federal Financial Institutions Examination Council (www.ffiec.gov) and released to the general public for analysis. With the release of these 2012 HMDA Peer tables and rankings in RiskExec®, RMS again becomes the first firm in the nation to enable their financial clients a full review of lending and competitive performance in all residential lending for 2012 -- both nationally and in specific geographies. This data can be used to understand and analyze treatment of minorities and low income geographies from a mortgage lending perspective.
Dr. Anurag Agarwal, President and CEO, RMS stated, "As in past years, we at RMS believe in very quickly providing public/government data to our RiskExec® clients. This year again we have provided this data and reports on the same day as being made available by the government. Our clients can now use this data to prepare for their regulatory examinations and also get a better understanding on how their own lending compares to their peers." RMS is still offering any HMDA respondent a Free sample analysis of their 2012 data compared to up to 3 peers in any selected geography. Please contact them at Support@StrategicRMS.com with your HMDA Respondent code and they will send you this free analysis. The RiskExec® software suite currently includes geocoding, mapping, and all manners of data visualization -- from interactive maps to peer rankings to tables & charts -- as well as executive and regulatory reporting for all facets of Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), and Fair Lending Analysis.
RiskExec® is a suite of software tools developed specifically for financial services firms and their management teams. The RiskExec software tools assist financial services firms in determining their regulatory compliance guidelines. RiskExec® is a browser-based product containing tools that include HMDA, CRA, Fair Lending, geocoding, mapping and data visualization as well as executive and regulatory reporting. For more information, visit us on the web at http://www.RiskExec.com
RMS, Incorporated provides web-based compliance software and consulting solutions to the banking and mortgage industries. Our clients range from small local banks and mortgage brokers to very large national mortgage companies. We provide high-end solutions with a very hands-on service and support. For more information about RMS's solutions visit our website at www.strategicRMS.com.
Contact: Anurag Agarwal, AAgarwal@StrategicRMS.com, 865.769.3312 x 1