LenderClose launches HMDA compliance tool in preparation for 2018 HMDA requirements
DES MOINES, IA (February 26, 2018) — 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 lenders tools and solutions to digitize the lending cycle. These tools lead to fast, accurate and easy reporting processes for community lenders.” – Omar Jordan / Founder and 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
About LenderClose Inc
LenderClose is a cloud-native home equity and real estate lending technology platform transforming the lending process by injecting workflows and automation solutions with a best-of-breed partner ecosystem for credit unions and community banks. A feature-rich, multi-solution technology focused on providing lenders with best-in-class user experience. Based in Des Moines, Iowa, the financial technology company has seen rapid market share growth. Learn more about LenderClose at lenderclose.com or via social media on LinkedIn or Twitter.