This component includes a map delineating your Assessment Area boundaries, depicting key towns and cities and revealing census tract income classes by color themes that distinguish Upper, Middle, Moderate and Low-income tracts. The map meets all regulatory standards.
How you delineate your Assessment Area is one of the most important CRA decisions you will ever make!
Most bankers understand they must construct their Assessment Areas to comply with the Regulation. But very few bankers understand how Assessment Area configuration impacts the performance standards imposed on them.
When closing a branch federal and state banking regulations require that a bank must submit, "statistical or other information in support of the reasons consistent with the institution's written policies for branch office closings". Maps depicting the local market including demographics and other depository branches can be extremely helpful when determining the impact of a proposed branch closing and the alternatives available to the public.
The following factors are important considerations in providing a Community Impact Study pertaining to a bank’s branch closing:
These maps show the streets and boundaries of any census tracts in your community. The maps use a color theme to depict the income classification of tracts according to the latest FFIEC bulletins.
Improve Your CRA Performance!
Many bankers use this as a tool to improve Community Reinvestment Act lending performance in LMI neighborhoods by distributing the maps to loan origination officers. This simple tool allows lenders to recognize the location of these areas by displaying the streets that form the boundaries of these tracts.
These maps show the streets and boundaries of any census tracts in your community. The maps use a color theme to depict the income classification of tracts according to the latest FFIEC bulletins.
Improve Your CRA Performance!
Many bankers use this as a tool to improve Community Reinvestment Act lending performance in LMI neighborhoods by distributing the maps to loan origination officers. This simple tool allows lenders to recognize the location of these areas by displaying the streets that form the boundaries of these tracts.
A Community Needs Assessment is a market study conducted to help a bank identify and understand the need for financial services and community development within its Assessment Area. It is not required by regulation. As explained in Federal Register /Vol. 71, No. 47 / Friday, March 10, 2006 /Notices 12429:
An Automated Affordable Fair Lending Risk Assessment Program for Community Banks!
In today's regulatory environment it is important not only to avoid Fair Lending violations but also to implement a program to show examiners you have a system to monitor and identify potential Fair Lending violations.
The Community Reinvestment Act and the Home Mortgage Disclosure Act are complicated regulations full of arcane bureaucratic jargon. It's easy to trip over technical requirements and the penalties can be costly! Your bank can be subject to civil and monetary penalties under HMDA and your ability to grow can be stopped dead in its tracks under CRA.
Data integrity is one of the big issues with respect to HMDA and CRA today. The accuracy of a CRA performance evaluation or Fair Lending analysis is totally dependent on the reliability of the underlying data. Examiners know this and they frequently have found problems with the HMDA and CRA data provided to them by banks. Consequently they are concerned about the "CRA process" and the "HMDA process" (the systems and procedures established to collect, enter, monitor and report CRA and HMDA data) at your bank.
Every year community banks fail their CRA exam and are surprised because they don't understand the performance standards imposed by the Regulation. They don't realize that their performance may not be the problem - it may be the performance context that is the real issue.
One of the most important compliance issues today is data integrity. Every compliance performance analysis is dependent on the quality of the data used for the analysis. Consequently, examiners place heavy emphasis on data integrity during examinations.
GeoDataVision has utilized web technology for cost-effective training of bank personnel regarding CRA and HMDA compliance issues. Webinars are regularly scheduled for such topics as Community Development under CRA, How to Develop the Ideal Assessment Area and How to file an error-free HMDA LAR. GeoDataVision also conducts private webinars for your convenience too.
On-site training also is available.
How you delineate your Assessment Area is one of the most important CRA decisions you will ever make!
Most bankers understand they must construct their Assessment Areas to comply with the Regulation. But very few bankers understand how Assessment Area configuration impacts the performance standards imposed on them.
This component includes a map delineating your Assessment Area boundaries, depicting key towns and cities and revealing census tract income classes by color themes that distinguish Upper, Middle, Moderate and Low-income tracts. The map meets all regulatory standards.
Performance Benchmark Data: CRA does not specify quantitative performance
standards. Instead, examiners rely on performance context data to assess performance.
GeoDataVision has captured, organized and presented this data in a series of reports that
establish the most important quantitative standards against which your bank will be
compared.
These reports include:
The CRA Pro Performance Analysis Package will help you be fully prepared for your next CRA exam with a ready made
package that organizes, graphs and maps your loan data like examiners do. GeoDataVision's unique Self-Assessment
form summarizes all the important loan performance comparisons down to one easy-to-read page.
This CRA Performance package includes 3 books of loans and demographic maps and tables including:
The CRA Pro Performance Analysis Package will help you be fully prepared for your next CRA exam with a ready made package that organizes, graphs and maps your loan data like examiners do. GeoDataVision's unique Self-Assessment form summarizes all the important loan performance comparisons down to one easy-to-read page.
This CRA Performance package includes 3 books of loans and demographic maps and tables including:
This package includes all the forms, policies and procedures you need for a professional CRA program. In addition to a CRA Policy template, you get Data Entry forms, Management Reports forms, Internal Audit Checklist and sampling forms, a Data Entry Guide and a Systems and Procedures Narrative.
The Small Business Loan Report is a suite of reports extracted from the CRA small business loan data released by the Federal Financial Institutions Examination Committee (FFIEC). Annually, in August, the FFIEC releases data collected and compiled from the small business loan data reported by banks to their federal regulatory agency.
A GeoDataVision expert will work with you and your personnel in the areas of HMDA/CRA/Fair Lending/Community Development. These services can be provided via the web or onsite, in person. In addition to hands on consulting and training, we also provide webinars (live and recorded) that are extremely useful in training your staff.
GeoDataVision has an enormous database of HMDA-reported mortgage lending activity for the entire United States. This is the same database examiners use when comparing your institution's performance to other mortgage lenders. This is the largest, most accurate and most comprehensive database on mortgage lending available. This data includes information on all reporting lenders and vital demographic information on borrowers.
GeoDataVision has a staff of mapping experts who specialize in the creation of maps for banking applications. We can create maps of your loans and your deposits for compliance and branch performance analysis. GeoDataVision also has national databases of HMDA mortgages, CRA loans, Summary of Deposits data (SOD) and market demographics that can be mapped to create pictures of your market like you have never seen before.
Use affordable sophisticated computerized mapping to help your bank improve compliance performance and recognize market opportunities.
A CRA data "scrub" or records review involves a sample of loan records that are reviewed to verify the following items:
CRA regulations require that an institution demonstrate it is meeting the need for credit services within its Assessment Area. An important prerequisite is a knowledge of community demographics. GeoDataVision can prepare maps and tables depicting vital demographic characteristics within your market.
These maps and tables will reveal:
GeoDatavision can provide demographic maps depicting any demographic parameter with a geographic component. Not only can GeoDataVision map standard demographic criteria such as income and housing demographics but maps containing the dispersion of adult hispanics by English fluency level are available as well. If you have a unique need we encourage you to inquire.
GeoDataVision can create color theme maps of geographic dispersion of your deposit base to allow you to see the relationship of your depositors to your branches.
GeoDataVision also has captured the entire Summary of Deposits (SOD) database that shows the geographic distribution of all deposits by every bank branch anywhere in the country. GDV can create custom maps that depict all the competitor branches in your market and show you the volume of deposits reported for each branch.
GeoDataVision can create color theme maps of geographic dispersion of your deposit base to allow you to see the relationship of your depositors to your branches.
GeoDataVision also has captured the entire Summary of Deposits (SOD) database that shows the geographic distribution of all deposits by every bank branch anywhere in the country. GDV can create custom maps that depict all the competitor branches in your market and show you the volume of deposits reported for each branch.
Today sophisticated computer mapping technology can create "Drive Time" maps that depict the area around a branch measured in terms of the time to drive to the location. This allows for mapping the practical service area of bank branches as determined by how much time it would take for people living in the area to visit the branch if using an auto to commute to the branch.
This package includes everything in the CRA Pro Performance Analysis Package plus a professionally written Executive Narrative of 30-40 pages that describes your performance context and analyzes your lending performance under the various CRA Lending Tests just like examiners do.
Fair Lending is becoming more complex and examiners expectations are becoming more demanding. Regulatory enforcement actions are expanding as regulatory enforcement is becoming more "robust". It is impossible to keep up with Fair Lending developments without a Fair Lending expert. GeoDataVision can provide you with the regulatory expertise you need to monitor your exposure to Fair Lending risk.
These reports break out into two distinct groups: (a) Portfolio Fair Lending Statistical Comparison Reports and (b) Application Potential Fair Lending Risk Comparison Reports.
The Portfolio Fair Lending Statistical Comparison Reports summarize important portfolio statistics with comparisons between minority, non-minority and male and female application "outcomes” including origination rates, denial rates and “dropout” rates. This provides the “Fair Lending big picture”.
GeoDataVision can append a census tract number to your HMDA or CRA records. This service can be used as your original "geocoding" or can be used to verify your existing geocoded records. Simply provide GeodataVision an electronic file in Excel, txt, or csv format with fields for street number and name, city/town, state, and zip code along with a unique record identifier and GeoDataVision can turn around your geocoded records within 3 business days
This is the data regulators will use to evaluate your institution's CRA Performance. The data contained in these reports is extracted from the most up-to-date Home Mortgage Disclosure Act (HMDA) Raw Data (released by the Federal Reserve each year).
This is the data regulators will use to evaluate your institution's CRA Performance. The data contained in these reports is extracted from the most up-to-date Home Mortgage Disclosure Act (HMDA) Raw Data (released by the Federal Reserve each year). This data is submitted annually by all institutions to their respective federal agencies and compiled and released by the FFIEC in September. The data in raw form consists of nearly 20,000,000 records with dozens of fields of information for each record.
These reports break out into two distinct groups: (a) Portfolio Fair Lending Statistical Comparison Reports and (b) Application Potential Fair Lending Risk Comparison Reports.
The Portfolio Fair Lending Statistical Comparison Reports summarize important portfolio statistics with comparisons between minority and non-minority application "outcomes” including origination rates, denial rates and “dropout” rates. This provides the “Fair Lending big picture”.
Performance Benchmark Data: CRA does not specify quantitative performance
standards. Instead, examiners rely on performance context
data to assess performance.
GeoDataVision has captured, organized and presented this data in a series of reports that
establish the most important quantitative standards against which your bank will be
compared.
These reports include:
This is a unique GeoDataVision service that allows banks to use sophisticated mapping technology to analyze their markets. No mapping skills are required for you to take advantage of this service. GeoDataVision employs GoTo Meeting's ™ service to create live interactive meetings during which a GeoDataVision professional manipulates live maps containing important market data that allow you to see your markets like never before. Having “active” maps offers exciting analytical options.
CRA performance analysis which requires you to recognize lending gaps in your Assessment Area. These gaps are almost unrecognizable using traditional loan distribution tables. Computerized mapping technology can create a picture of your loan distribution and help your see the geographic aspect of your lending. There is no better tool than loan distribution maps for this important task.
CRA performance analysis requires you to recognize lending gaps in your Assessment Area. These gaps are almost unrecognizable using traditional loan distribution tables. Computerized mapping technology can create a picture of your loan distribution and help your see the geographic aspect of your lending. There is no better tool than loan distribution maps for this important task.
Simply purchase Maptitude ™ software and subscribe to GeoDataVision "Maps for Banks", a package of specially designed maps for banks. With "Maps for Banks" you will be able to:
"Seeing" the geographic dispersion of your local residential mortgage market or small business loan market can provide valuable insights as to where the majority of lending in your Assessment Area is taking place. The information can be important not only for CRA analysis but for marketing and business planning for the bank.
Fair lending analysis cannot be done in a vacuum. All Fair Lending analysis requires comparison of mortgage applications within your bank as well as comparisons to your mortgage market. Professional Fair Lending performance analysis needs the perspective provided by the mortgage market activity of all lenders active in your market.
GeoDataVision has created a unique set of Fair Lending Market Reports that focus on the minority mortgage market.
These reports help you to compare and to put into perspective:
Fair lending analysis cannot be done in a vacuum. All Fair Lending analysis requires comparison of mortgage applications within your bank as well as comparisons to your mortgage market. Professional Fair Lending performance analysis needs the perspective provided by the mortgage market activity of all lenders active in your market.
GeoDataVision has created a unique set of Fair Lending Market Reports that focus on the minority mortgage market.
These reports help you to compare and to put into perspective:
One of the most important compliance issues today is data integrity. Every compliance performance analysis is dependent on the quality of the data used for the analysis. Consequently, examiners place heavy emphasis on data integrity during examinations.
Every year in October the FDIC releases the Summary of Deposits (SOD) data for all insured institutions. This data compiles deposits on hand for each and every branch everywhere in the United States.
GeoDataVision Professional Webinars
As an offshoot of the many products and services we provide banks to help them meet their regulatory requirements, we have created some of the most useful and effective training and consulting webinars available anywhere. These generally are 90-minute recordings of “Live” sessions that cover a host of important subjects including:
Banks frequently request zip code maps in order to identify potential markets for a mail campaign. GeoDataVision zip code maps allow the user to see the distribution of zip code areas within their markets.