Consulting | HMDA Data Review

Outsource Time-Consuming Data Review and Let Your Staff Focus on Core Business

Incomplete or incorrect HMDA/CRA data submissions can negatively impact your institution, causing you to allocate limited resources to researching and correcting data. Additionally, underlying data quality concerns can create examination issues for HMDA, CRA, and fair lending reviews.

Our HMDA/CRA Data Review Service lets you to outsource your entire data scrub process to our team of compliance experts. Overseen by a senior regulatory consultant, this team will review your source documentation to your submission file. All errors and deviations of policy will be documented with the recommended value for review. A summary of the error rates and deviations of policy will also be provided. Recommendations will also be made on how to update current data collection systems to reduce the files needing review.

Benefits:

• Free up internal resources to focus on key day-to-day responsibilities
• Clean and resubmit data quickly and confidently because of the compliance expertise of PCi’s consultants
• Get visibility into the root cause of data integrity issues by viewing reports showing which data elements are most problematic
• Get recommendations on tweaking licensed PCi tools to decrease the need to review as many files in the future

Click here for to contact a HMDA specialist about our HMDA Data Review.