LenderClose Launches HMDA Compliance Tool in Preparation for 2018 HMDA Requirements

LenderClose announced the release of a new HMDA compliance tool, which will allow community banks and credit unions to validate and export HMDA-required data fields to meet CFPB requirements. The new tool will speed up processes and eliminate multi-system challenges.

"LenderClose's HMDA reporting solution is one of the cleanest most user-friendly I have seen. This daunting task just went from weeks of work to minutes. Partnering with LenderClose on this project and others has saved our credit union valuable time and more importantly continues to save our members money." - Jen Timmins/branch manager at Serve Credit Union.

Our goal is to provide ‚Äčlenders tools and solutions to digitize‚Äč the lending cycle. These tools lead to fast, accurate and easy reporting processes for community lenders.

Omar Jordan, Founder / CEO

For more information about LenderClose and its products or solutions, please contact Sales@LenderClose.com, call 855-525-6730 or visit www.LenderClose.com

Source: LenderClose


Categories: Credit Unions, Lending and Borrowing, Consumer Banking

Tags: Credit Union, HMDA, Home Equity, LenderClose, Lenders

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A powerful web-based platform built for Refinance and Home Equity lenders. With one user name and password, credit unions and local banks can securely access property and borrower data

West Des Moines, IA 50266
United States