See How Your CRA Data Looks Before The Examiners Do
Our CRA outsourcing package is everything you need to analyze and monitor a loan portfolio for compliance with CRA regulations.
This powerful package of CRA information includes geocoding, scrubbing loan records for compliance with regulations, producing detailed CRA Analysis reports, preparing public file maps, and maps that graphically display loan distribution and assessment area demographics.
In addition, we write a Management Summary Report summarizing the analyzed data-complete with tables, charts, and maps. This comprehensive report is ready to be handed to senior management, compliance committee, board of directors, or regulators.
Our comprehensive reports provide information on the number, dollar amount, and percentage of loans inside and outside the assessment area. We obtain this information from census tract income classification, CRA loan types, borrowers listed by county, by tract income classification, borrower income classification, and a host of other reports that quickly and accurately depict your bank's CRA adherence.
10 Reasons to Outsource CRA:
1. You're overloaded and understaffed.
2. You don't have employees with technical experience.
3. You don't have time to hire or train personnel.
4. Gain knowledge and experience through contact with outsource.
5. Experience and expertise is always available.
6. Better use of employee talents.
7. Internal function is difficult to manage and uncoordinated.
8. Improve Productivity.
9. Reduce Costs.
10. It's there when you need it.