CHARLOTTE, N.C., Dec. 6, 2017 /PRNewswire/ -- TRUPOINT Partners, Inc., a leading provider of data analytics software and compliance solutions, is excited to announce that its groundbreaking TRUPOINT Analytics software now supports the upcoming HMDA Plus requirements.
TRUPOINT Analytics is a compliance analysis software designed to help banks, credit unions, and mortgage companies comply and grow. With its data-driven insights, compliance professionals can easily and efficiently analyze Fair Lending, HMDA, CRA, and Redlining risk.
"One of the qualities that makes TRUPOINT unique is our commitment to helping our clients grow," said Trey Sullivan, CEO & President of TRUPOINT. "HMDA Plus is a priority for our clients, and it's a priority for us, too."
The CFPB's Final HMDA Rule, which goes into effect Jan. 1, 2018, requires lenders to collect and report 48 additional data fields. These fields will change the way HMDA data is analyzed and Fair Lending risk identified.
"While the HMDA changes put our clients under more pressure than ever, they also provide opportunities to better understand their businesses and the communities they serve," Sullivan added. "Our objective is to help them gain insight into their markets and make compliance easier for them."
The additional data fields and new HMDA Plus dashboards found in TRUPOINT Analytics will provide sophisticated insights, clearer risk identification, and faster compliance analysis.
These HMDA Plus enhancements are another milestone in a banner year for TRUPOINT. In 2017, they've grown to serve 500+ clients in 48 states, and they've also added critical new team members in software development and client services to support growth and keep their True Partner Promise to their clients. The company is primed for a successful 2018; several new products will be debuted in Q1.
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About TRUPOINT – TRUPOINT Partners is a FinTech company based in Charlotte, NC, that serves financial institutions nationwide. TRUPOINT Analytics is a powerful analysis platform that enables lenders to reduce risk, manage compliance, and grow revenue through web-based data discovery and rich insights. The TRUPOINT Analytics system helps financial institutions with Fair Lending, HMDA, CRA and Redlining compliance, M&A Due Diligence, Marketing, and Branch Strategy.
To learn more about TRUPOINT, call 704.401.1730 or email firstname.lastname@example.org.
SOURCE TRUPOINT Partners