Whether you want to analyze your data, simplify regulatory reporting, automate compliance, or outsource verification work, we can help. My institution has recently begun using questsoft hmda relief in anticipation of hmda 2018. Analyze and monitor performance like an examiner cra relief allows you to quickly and accurately measure your cra performance. Hmda data entry software des for filing hmda data collected in or before 2016.
Fair lending relief was designed from the ground up utilizing more than two decades of fair lending risk management experience. I absolutely love questsoft and dont understand why 100% of lenders dont. Nov 09, 2016 the addition of the hmda academy knowledge base provides questsofts compliance relief hmda customers access to up to the minute training and consulting on the new cfpb hmda rules which will begin to be implemented in 2017, culminating in 2018. Our software typically installs in less than one minute. Questsoft prides itself on having the easiest to use software in the industry. Hmda software hmda compliance l trupoint analytics. Plus, we also offer hmda lar submission functionality for an allinone hmda compliance solution. Interactively monitor and analyze your fair lending risk.
Community reinvestment act, and hmda, according to questsoft. Search our knowledge base for answers to questions, view helpful documentation and access useful links below. Questsoft taps industry expert as vp of compliance sales. Whether you want to analyze your data, simplify regulatory reporting, automate. Questsoft and openclose to hold webinar on the new cfpb hmda. Questsoft provides automated mortgage lending compliance software for hmda, cra, fair lending and geocoding. Questsoft is a leading provider of compliance software and services to more than 2,200 banks, credit unions and mortgage companies.
Yall know that wasnt a christmas palm if the date is march first, yes. Questsoft announces new compliance relieftm software for. They expect a net gain of 300 companies after eliminating the lenders with low volumes under 25 loans per year and adding in banks and credit unions that dont do mortgages but do helocs, and private money lendersminic companies that have avoided hmda in the past. Thank you quest software is ready to help and support their thousands of clients with honda reports submitting the data with ease and finesse. Business wire questsoft, a provider of automated mortgage compliance software, has released a testing version for the new consumer financial protection bureau cfpb hmda. A truly transformative fair lending solution to identify, analyze and better understand lending performance risk. Questsoft is committed to minimizing delays and disruptions as a result of the covid19 outbreak. Hmda software digest in todays modern world, it becomes simply. Import records seamlessly from over 40 loan origination systems or raw hmda data automated geocoding up to 10,000 records per minute. Resources and tools for filing hmda data collected in or after 2017.
Hmda relief is the bestselling home mortgage disclosure act submission software, reducing processing and submission time by 8090%. See how hmda software will analyze your data for fair lending compliance risk. Questsoft is an established provider of comprehensive and automated compliance software and services to the mortgage, banking and credit union. With this compliance analysis tool, youll identify disparities and reduce risk. President questsoft under leonard ryans leadership, questsoft has risen to become the market leader in mortgage compliance automation. Dec 18, 2019 cra hmda software downloads version 2019 for the cy 2019 cra data due march 2, 2020 is now available. Questsoft updates compliance relief to support new hmda. Sean nelson customer support specialist ii questsoft. Questsoft assists record hmda submitters housingwire. Measure performance risk with detailed reports see where you may need to distribute resources to more critical areas. Questsoft updates nmls call report module for hmda compliance. Questsoft hmda relief makes the daunting hmda filing process efficient and manageable. Questsoft is a leading provider of comprehensive compliance software and services for mortgage lenders, banks and credit unions.
I believe that for 2018 you would still be able to utilize questsoft, but when finastra mandates the compliance reporter in 2019, you will not be able to use quest soft. And because its integrated with leading loan origination systems, data transfer is seamless and report generation only takes one click. Since 1995, questsoft has used technology to simplify and. Hmda wiz software from wolters kluwer includes everything you need to import, collect and edit data, create data scrubbing detail and summaries, and submit reports. Questsoft competitors, revenue and employees owler company. Questsoft corporation american bankers association. Questsoft corporation, the nations leading provider of automated mortgage compliance software, has updated its automated regulatory reporting software, compliance relief, to support all options and adjustments to the hmda 2018 exemption rule s.
Oct 18, 2016 questsoft is channeling all of these development efforts into their compliance relief software, which replaces the companys popular hmda relief product line. Recently, we held two webinars covering hmda data entry and using questsoft for reporting. Select a category below to see answers to submitted questions. Previously the institution used hmdawiz our goal is to have our individual teams consumer, commercial, residential, and sbl use the software independently to validate their own data, keeping their data segregated from the other teams.
To learn more, you can simply search questsoft hmda relief in your search engine of choice. Questsoft reported a record number of early home mortgage disclosure act submitters this year, using the companys flagship hmda relief software. Questsoft provides compliance software and services to more mortgage 2,700 lenders, most in the industry. How questsoft keeps clients ahead of schedule before new hmda. May 24, 2011 lenders who hold a state license though the national mortgage licensing system nmls are required to file a quarterly mortgage call report mcr. Hmda discussions, answers, and free resources for banking. You could easily have the csv format spreadsheet completed by each department and then upload into hmda relief quarterly. I would like to hear from anyone who has used cra wiz and switched to questsoft for hmdacra reporting. The new hmda data fields you will be required to collect and report recommendations for improving data integrity within your company the types of loans that have to be reported a timeline of the changes and how to prepare in advance. Questsoft provides mortgage lenders, banks and credit unions with expert, easytouse lending compliance software for cfpb hmda, cra, fair lending, fraud and risk management, geocoding, 4506t, ssa89 and nmls mortgage call reports to efficiently produce accurate regulatory reporting and reduce your compliance risk.
The solution is easy to use, quick to implement and always accurate. Questsoft corporation automated mortgage compliance software. To help from a farm so finish your honda breathe, a sigh of relief and hope 2020 will give you much grief for quest soft is here to help get it right. Questsoft, a provider of automated mortgage compliance software, has.
If you dont have the time or internal resources to manage hmda cfpb compliance, hmda wiz and outsourced wiz. Advanced level customer support representative, responsible for providing high level technical support to questsoft clients including responding to customer callsemails, troubleshooting database. Robb will be responsible for directing questsofts sales of comprehensive products and services for its compliance relief platform. First name last name email address after populating your information. They came fans whistled and shouted and called them by name now, edison and margie naja paula and sam on roger. The easytouse software improves accuracy and efficiency while reducing errors and compliance risk for hmda, cra, fair lending, mortgage call reports. We utilize one version of the software and each line of business provides their data to a central point for input into hmda relief an final scrub and filing. All training includes questsoft instant geocoder logo. We provide hmda data to our credit union partners and i actually recommended questsoft to those that report a large number of records. Questsoft s headquarters is located in laguna hills, california, usa 92653. Questsoft combines over 20 years of hmdacra and fair lending analytics, mortgage regulatory compliance, data management and software design expertise with bestinclass customer. Questsoft is a leading provider of comprehensive compliance software and services for the banking, credit union and mortgage lending industries.
Dec 27, 2017 i have emailed quest soft and they have directed me to finastras compliance reporter 8002747280. Questsoft releases free cfpb hmda testing version to. The company has grown its market base to more than 2,500. Questsoft and openclose to hold webinar on the new cfpb hmda rules west palm beach, fla. Questsoft is a leading provider of comprehensive compliance software and services for. Questsoft s automated solutions simplify the collection, analysis, compilation and reporting of key regulatory data for all federal, state and local lending laws, as well as trid, cfpb hmda, nmls mortgage call reports, cra exams, fair lending, and more. Questsoft upgrades compliance relief platform for faster. I absolutely love questsoft and dont understand why 100% of lenders dont use it. Questsoft may be able to assist with configuring on a network for each department to use however there may be constraints that it can only be accessed by one user at a time. About questsoft the leader in mortgage compliance software. The update first released last october, provides lenders who originate fewer than 500 loans per.
Questsoft to be compliant with new cfpb hmda one year in. Compliance relief, hmda relief, cra relief, fair lending. Questsoft combines over 20 years of hmdacra and fair lending analytics, mortgage regulatory compliance, data management and software design expertise. Data points fields hmda edits partial exemption general helpful resources. Questsoft, a provider of home mortgage disclosure act hmda and mortgage compliance software, has released call report relief, a module of their proven hmda relief software that assists in the compilation, validation and reporting of the mcr. Jan 10, 2020 questsoft has named jeffrobb as vp of compliance sales. Questsoft provides a wide range of software solutions and services for lenders.
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