Knoxville, TN, September 24, 2014 --(PR.com
)-- RMS, Incorporated, a leading provider of compliance software and solutions for the banking/mortgage industries announced today the release of the 2013 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 2013 HMDA Peer tables and rankings in RiskExec®, RMS again becomes the first firm in the nation to enable their clients a full review of lending and competitive performance in all residential lending for 2013 -- both nationally and in specific geographies. "This year there are 7,190 respondents with over 17 million records in the database." stated Dr. Anurag Agarwal, President and CEO, RMS. “This data is used by all our clients to compare their 2013 performance against their competitors and peers. In today’s regulatory environment it is vital to know how you are doing and if your profile differs greatly from others in your geography. RMS offers any lender a free preview of their 2013 HMDA data compared to three other lenders in their area. RMS will also issue a report on this data comparing it to past such Peer databases.”
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.
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: Dr. Anurag Agarwal, AAgarwal@StrategicRMS.com, 865.769.3312 x 101