LendingPatterns™ Now Features New 2006 HMDA Data
October 02, 2007 - EAGAN, Minn.–(BUSINESS WIRE)–AllRegs, the leading online publisher for the mortgage lending industry, is proud to announce the availability of the new 2006 HMDA Data in LendingPatterns™. LendingPatterns™ is a revolutionary web-based HMDA data mining and exploration tool that analyzes millions of records for thousands of lenders. Developed by CLC Compliance Technologies, Inc. and exclusively distributed by AllRegs, the tool produces executive level reports on numerous aspects of mortgage lending in America.
Analyzing HMDA Data With LendingPatterns™
Data derived from the national Home Mortgage Disclosure Act (HMDA), Loan Application Register (LAR) for 2004, 2005 and now 2006, is comprised of almost 37,000,000 records filed by more than 8,800 lenders in the United States. This raw data by itself has no intelligence and cannot be applied directly to solve mortgage lending business issues. LendingPatterns™ anticipates the kind of information that the industry is likely to desire (size of market, ranking of competitors, approval rates, denial rates, low/moderate income lending, high-cost lending, etc) and is the only fully accessible national HMDA database on the Internet.
“We at AllRegs are very excited to offer LendingPatterns to our customers,” says Dan Thoms, Senior Vice President for AllRegs. “The vast number of reports available from this tool is astounding, based on topics such as Market Analysis, Fair Lending, Spread/Pricing Analysis and GSE Investor Activity. Not only can users determine who they are lending to, or who their competitors are lending to, they can also review their own data to determine if they are staying compliant. It is as much a compliance resource as it is a marketing and sales resource.”
LendingPatterns has built-in mortgage lending intelligence to address practical lending issues. “HMDA data is a vital resource of information for public and private stakeholders, and has had a major influence on the evolution of the growth in home mortgage lending,” says Maurice Jourdain-Earl, Founder and Managing Director of CLC Compliance Technologies, Inc. These reports can be used to develop marketing strategies, loan production strategies as well as a tool to access the home lending needs of communities.
Subscriptions are based on individual named user licensing. One named user has access to the product. Discounts for multiple subscriptions are available. Exceptions apply. For further Lending Patterns™ information, visit www.allregs.com or call (800) 848-4904.
Contacts
AllRegs
Dan Thoms, 651-289-4801
