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.
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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.
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.
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.
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 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.
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.
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.
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: