Added on February 27, 2025
We want to proactively inform our customers about a recent issue with 2024 CRA submission files. While most clients may not yet be aware, we have identified that some CRA submissions are being rejected due to unexpected encryption problems. To prevent any inconvenience, we are providing guidance to help ensure compliance and a smooth submission process. What Happened? Until this year, RATA's encryption methods have remained unchanged for over a decade, with all encrypted files being successfully accepted. However, for 2024, the FFIEC has made an undisclosed change to their encryption requirements. They have not provided documentation on these changes and now require that all CRA.DAT files be encrypted using their official encryption utility manually. Years ago, to streamline the…
Added on January 31, 2025
Thank you as always for using the RATA Comply software and Geocoding services to help with your HMDA and/or CRA submissions. As part of our efforts to ensure that you have the highest quality and most current geocode results for submission, we re-geocode every address that was submitted to try and improve the precision, then return any improved results in the Year-End (YE) geocode update file. This file should be applied to your Comply system at your earliest convenience to assure that these improved results are a part of your submission. YE update files will not overwrite ZOOM results when applied. The YE update file will only affect records submitted before January 28, 2025. If you have submitted more geocoding after that date, those records will have already been geocoded using the…
Added on January 20, 2025
Why Redlining Risk Should Continue to Be a Focus During the Next Administration In the lead-up to the change in administration, the CFPB and DOJ have settled redlining claims against non-depository mortgage companies. On January 17, 2025, the CFPB settled redlining claims against a non-depository mortgage company, Draper & Kramer Mortgage Corporation, based on activity from 2019 to 2021 in the Chicago-Naperville-Elgin and Boston-Cambridge-Newton metropolitan statistical areas (Chicago and Boston MSAs, respectively). The CFPB's settlement includes a $1.5 million civil money penalty and a prohibition against the company from engaging in any residential mortgage lending activities for five years. The week prior, on January 7, 2025, the Department of Justice (DOJ)…
Added on December 17, 2024
We are pleased to announce that the CRA Peer, Performance Evaluation, and Market Share data are now available for use in Comply. For On-Prem Comply Users: The 2023 CRA Aggregate and Disclosure data (also known as CRA Peer Data), used for CRA Peer analysis, was released by the FFIEC/CFPB on Monday, December 16th. RATA has completed the process of downloading and converting this data for use in Comply. The file is named PEERCRA23 and will need to be manually downloaded from the RATA Support Site and imported into Comply using the Import System Data function. The CRA Performance Evaluation and Market Share data (subsets of the Peer Data) were also compiled and released. This data is required for generating specific reports in Comply, including the CRA Performance Evaluation and Standardized…
Added on November 15, 2024
We are happy to announce that Comply 24 is now available on our support site for download. Please note that this update is a major architectural change moving from a 32-bit application to a 64-bit application. As such, the update procedures are NOT the same as our normal update process. It is imperative that you review the Comply Version 24.0 Update Guide and fully understand the information BEFORE proceeding with the update. If you have any questions or concerns, please contact RATA support personnel prior to attempting the update. This version of Comply contains all of the latest edit and submission changes needed to submit your 2024 HMDA and CRA data. It also contains the new 2025 reporting year so you can start to collect and prepare for the 2025 submissions as well. A changes…
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