KNOXVILLE, Tenn., April 2, 2025 -- RiskExec, Inc. ("RiskExec") is pleased to announce the availability of the Preliminary Modified Loan Application Register (LAR) for Home Mortgage Disclosure Act (HMDA) 2024 submission data. The Consumer Financial Protection Bureau (CFPB) published this data on March 31, 2025, and RiskExec downloaded, converted, and verified the information before uploading it for customer use within 24 hours of CFPB release.
RiskExec, a powerful cloud-based compliance reporting and analytics platform that enables financial institutions to conduct sophisticated, proactive trend analyses, opportunity analyses, competitor analyses, and marketing campaign analyses in-house, has been the first provider to go live with newly published data sets every year since 2013.
This year's data has over 12.1 million records from 4,898 Respondents, compared to 11.5 million records from 5,000 Respondents for 2023. In 2024, there were approximately 6.15 million Originations, compared to 5.7 million in the 2023 HMDA Peer. While still awaiting the official release of the Respondent Panel necessary for converting this data into Depositories, Mortgage Companies, and Credit Unions, RiskExec has leveraged its expertise and logic based on Agency Code to provide users with immediate access to this critical market information.
"We understand the importance of timely access to comprehensive data for informed decision-making in the mortgage industry," said Dr. Anurag Agarwal, Founder & President, RiskExec. "With the Preliminary Modified LAR now available within the platform, our customers can log in to gain immediate insights into originations, lending trends, and top lenders' performance in 2024."
RiskExec users can access this data today, offering customers a competitive advantage in navigating regulatory compliance and optimizing lending strategies. The government data set will continue to evolve as institutions submit or revise their data. RiskExec will update the platform once a month through the CFPB's release of the National Snapshot in June 2025.
For more information about RiskExec, visit riskexec.com or contact info@riskexec.com.
ABOUT RISKEXEC®
RiskExec is a leading cloud-based compliance reporting and analytics platform that helps banks, mortgage lenders, credit unions, and non-traditional lenders more easily comply with demanding regulatory requirements, including HMDA, CRA, and SBL/1071. RiskExec's powerful software makes it easy for financial institutions to conduct sophisticated, proactive trend analyses, opportunity analyses, competitor analyses, and marketing campaign analyses in-house, without relying on expensive consulting engagements or months of manual data crunching.
RiskExec's browser-based software automatically incorporates new regulatory, geographic, and peer institution data in real-time to help lenders stay up to date on evolving requirements. Financial institutions rely on RiskExec's modules to geocode; proactively identify areas of disparate impact, redlining, and/or steering; take corrective action as needed; and assemble HMDA and CRA files and run government edit checks prior to submission.
To learn more about how RiskExec helps compliance experts shift their focus from finding problems to proactively building opportunities for clients and institutions, visit https://riskexec.com.
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