Outsourcing | CRA/HMDA

CRA/HMDA Outsourcing

Outsourcing simplifies operations while improving CRA/HMDA compliance

The costs to develop and manage an in-house CRA/HMDA compliance program are hard to define. Compliance experts are expensive and in short supply. Your staff must be continually trained in regulation changes, software updates, best practices and exam requirements.

Outsourcing simplifies CRA/HMDA compliance by delegating complicated data collection and reporting functions. It lets your staff concentrate on self-assessments instead of regulatory changes.

Create an efficient CRA/HMDA compliance program

PCi outsourcing services can be custom-tailored to support your institution's requirements. Depending upon your needs, outsourced CRA/HMDA services can include:

• Creation and updating of HMDA/CRA policies and procedures
• Develop HMDA/CRA regulatory employee training program
• HMDA processing, submission, and/or data quality reviews
• Compile & submit CRA exam materials
• Executive-level reporting

Our CRA/HMDA experts begin by defining your needs. We then work with your compliance managers to develop a customized compliance program. Upon approval, you send your data to us at our US-based operations center via secure channels. We analyze the data using the same methods examiners use, prepare executive reports and send them to you.

You get the information you need to assess your CRA/HMDA risk and improve your compliance. And you can accurately predict annual compliance costs.

To learn more about outsourcing your CRA or HMDA efforts, click here to contact an outsourcing sales specialist.