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:
Products and Services
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.
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 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.
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.
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.
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.
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:
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.
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.