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Description
RiskExec is an innovative cloud-based platform designed for compliance reporting, risk management, and analysis, specifically tailored for financial institutions to streamline their regulatory compliance duties. By automating tasks such as data cleansing, analytics, reporting, and visualization, it effectively addresses requirements like the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), Fair Lending, Fair Servicing, Redlining, and the Small Business Lending Rule (1071 SBL). This modular, web-based software efficiently processes and cleans various lending and servicing data, incorporates geocoding and sophisticated multi-layered mapping, and provides immediate, ready-to-use analyses and reports that facilitate exam preparedness, benchmarking against peers, setting goals, and identifying risks proactively across different portfolios. RiskExec’s robust analytics suite features regression analysis and match pair testing to uncover disparate impacts, interactive maps to evaluate geographic performance, automated checks for data validation and quality, and personalized dashboards that cater to specific user needs. With its comprehensive tools, RiskExec empowers institutions to navigate the complexities of compliance while enhancing their overall risk management strategies.
Description
Compliance with the Community Reinvestment Act (CRA) has emerged as a significant challenge, often taking up countless hours of employee time and managerial focus. Understanding how your lending practices will be perceived by regulatory examiners can be quite difficult, and you might find yourself lacking the vital data needed to accurately reflect your institution's true performance. Our integrated CRA and Home Mortgage Disclosure Act (HMDA) solutions empower you to take a proactive approach in establishing robust processes and controls. By leveraging technology, outsourcing options, consulting services, or a blend of these strategies, you can create a cost-efficient CRA program that aligns with your institution's strategic goals, promotes lending within the community, and satisfies regulatory demands. Overseeing fair lending compliance across your organization presents a formidable challenge that necessitates diligent oversight of various loan portfolios and independent loan originators to ensure compliance with CRA, HMDA, the Equal Credit Opportunity Act (ECOA), and the Fair Housing Act (FHA). Without a well-structured fair lending program in place, your organization may face severe repercussions, including penalties and damage to your reputation, making it imperative to address these compliance issues proactively.
API Access
Has API
API Access
Has API
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
RiskExec
Founded
2015
Country
United States
Website
riskexec.com
Vendor Details
Company Name
Wolters Kluwer Legal & Regulatory US
Country
United States
Website
www.wolterskluwer.com/en/solutions/wiz
Product Features
Compliance
Archiving & Retention
Artificial Intelligence (AI)
Audit Management
Compliance Tracking
Controls Testing
Environmental Compliance
FDA Compliance
HIPAA Compliance
ISO Compliance
Incident Management
OSHA Compliance
Risk Management
Sarbanes-Oxley Compliance
Surveys & Feedback
Version Control
Workflow / Process Automation
Product Features
Compliance
Archiving & Retention
Artificial Intelligence (AI)
Audit Management
Compliance Tracking
Controls Testing
Environmental Compliance
FDA Compliance
HIPAA Compliance
ISO Compliance
Incident Management
OSHA Compliance
Risk Management
Sarbanes-Oxley Compliance
Surveys & Feedback
Version Control
Workflow / Process Automation