SERVICES
Geocoding
GeoPlus
GeoPlus is RATA's premier Compliance-grade geocoding solution for Home Mortgage Disclosure Act (HMDA) and/or Community Reinvestment Act (CRA) reporting institutions of all sizes. GeoPlus is the answer to your institution's geocoding needs if you prefer to outsource this processing rather than internally purchase and maintain a mainframe or desktop geocoder; train and retain an experienced staff of geocoding analysts; and purchase and maintain address reference data, Census Tract books and maps. GeoPlus delivers high-quality, cost-effective geocoding through RATA's experienced staff of geocoding professionals, while freeing your resources for more productive activities.
GeoPlus processing is accessible through RATA’s COMPLY™ Suite, the HMDA/CRA compliance industry's leading desktop software solution. GeoPlus is very easy to use. After you import your lending data into the COMPLY software, you simply export the address data components from your selected loan file(s), and email the data to RATA for processing. RATA's geocoding staff does all of the tedious geocoding work for you, and returns the geocoded records back to you by email when our processing is 100% complete. You then apply the geocoded data that RATA provides as an update and the job is done. It's that simple!
With GeoPlus, you send us your address data for geocoding at your convenience, and according to your own processing schedule. RATA processes all GeoPlus files in a matter of minutes. You can submit GeoPlus files for geocoding daily, weekly, monthly, quarterly, or at year-end only, although we urge all of our customers to send us their address data throughout the year to avoid regulatory scrutiny and the pre-submission rush during February. There is even a single address geocoder built in to the Comply software for immediate results!
High quality, cost-effective, easy-to-use, convenient processing … when it comes to geocoding, what more could you ask for? How about guaranteed results? That's right. With our premier geocoding product comes RATA's GeoPlus Guaranty. In the event that a GeoPlus customer's supervisory agency identifies suspected inaccuracies in RATA's geocoding results, at our own expense, RATA will defend our geocoding results, methodologies and safeguards against such geocoding errors. Providing that the customer maintains reasonable procedures of their own to avoid geocoding errors, as specified in the customer's GeoPlus contract with RATA, and the customer's supervisory agency determines that RATA's geocoding methods are not sufficient to warrant treatment of any geocoding inaccuracies as Bona Fide errors, which are not violations of the regulation(s), RATA will pay up to $50,000 (Fifty Thousand Dollars) of any civil money penalty assessed to the customer that is directly attributable to RATA's geocoding.
But what does all of this cost, you ask? Your costs for GeoPlus processing consist of a COMPLY software license fee and volume-based geocoding fees. The total volume-based fees are determined by applying a per-record rate to the total number of address records that you submit for geocoding. RATA utilizes a graduated per-record rate schedule offering progressively higher discounts for larger volume customers. GeoPlus processing requires a pre-payment of your volume-based geocoding fees based on your own estimate of the annual record volume you expect to process in the current processing year.
We hope you agree that you won't find a better geocoding value for your institution anywhere. For GeoPlus pricing and ordering information, please contact our Geocoding Services department.
