Knoxville Company Releases HMDA Peer 2006 and CRA Peer 2006 to Its RiskExec Clients
Knoxville, TN, September 18, 2007 --(
PR.com)-- RMS, Incorporated, a leading provider of compliance software and solutions for the banking/mortgage industries announced today the release of the 2006 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 2006 HMDA Peer tables and rankings in RiskExec®, RMS becomes the first firm in the nation to enable their financial clients a full review of lending and competitive performance in residential mortgage applications for 2006 -- both nationally and in specific geographies. The importance of these rankings is underscored by the current scrutiny of lenders for potential neglect of race/ethnic protected classes and the disparate high APR analysis.
"At RMS we believe in quickly providing public/government data to our RiskExec® clients. This enables them to access the information they need to chart their course for the balance of the year. Releasing these rankings so quickly after the data has been provided by the federal government is a distinct advantage of RiskExec®," stated Dr. Anurag Agarwal, President and CEO, RMS. We have previously released the small business lending 2006 CRA Peer Databases at a similar pace on July 31st 2007. "
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), and Community Reinvestment Act (CRA).
About RiskExec®
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, geocoding, mapping and data visualization as well as executive and regulatory reporting. For more information, visit them on the web at http://www.RiskExec.com
About RMS
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. They provide high-end solutions with a very hands-on service and support. For more information about RMS's solutions visit their website at www.strategicRMS.com.
Contact: Anurag Agarwal, AAgarwal@StrategicRMS.com, 865.769.3312 x 1
###
