CRA Wiz and Fair Lending Wiz: Dataset Descriptions

Transcription

1 CRA Wiz and Fair Lending Wiz: Dataset Descriptions Date: August 2018

2 Table of Contents Overview... 3 Who should install... 3 Required permissions... 3 Dataset Table

3 Overview The table below illustrates all datasets used by CRA Wiz and Fair Lending Wiz. Who should install Any client licensed for these data sets should install the applicable updates. To determine if you are licensed for any of the data sets below, go to the System Maintenance screen and select License and Access Management. Required permissions All updates require both Windows read/write permissions and SQL Server database creation permissions. Wolters Kluwer recommends that the user running the install has both Windows Admin and SQL Server Admin login credentials.

4 Dataset Table Dataset Description Source Frequency/ APOR Geocoding Data FFIEC Median Family Income Business Demographic Data Peer Branch & Deposit Data Weekly Treasury / APOR update. Used to calculate the rate spread for HMDA data. Rates are posted on Friday of each week by the FFIEC. This data allows you to geocode an address which returns the State, MSA, County, and Census Tract along with additional data not required for submission. The FFIEC Median Family Income (MFI) data shows the estimated MFI that corresponds to the year when loan application data are collected. This is used to calculate the borrower s income level on an application for HMDA loans. This data provides demographic information on businesses in the United States and Puerto Rico. This data is produced by D&B (Dun and Bradstreet) and is processed by Wolters Kluwer to be distributed within Wiz at the Census Tract level. The data contains information on all credit unions, savings and loans, thrifts, and banks submitted branch and deposit information as reported to the federal government. Timeline Bloomberg Weekly Every Friday Distribution Method Proprietary 2x annually link FFIEC Annually - July D&B Annually Summer FIS Annually Spring Notes Can be installed automatically and silently through the System Maintenance setup. dianincome.htm This data can be accessed as a peer deposit file and allows for the generation of reports and maps similar to standard LAR functionality. 4

5 Distressed and Underserved Non- Metropolitan Middle-Income Geographies Projected Demographic Data Peer Small Business and Farm Data Peer Mortgage Data Preliminary Peer Mortgage Data - Final Mapping Data This is a census tract listing of qualified Distressed and/or Underserved Nonmetropolitan Middle-Income Geographies. Since the Census data is only published every 5 years, this allows users to review population migrations and income adjustments from the latest Census. This data represents the aggregate loan data from all institutions that are required to submit CRA data. Users can use this data to evaluate lending compared to peer institutions, identifying total market share and analyze aggregate lending in low, moderate, middle, and upper income census tracts. The CFPB posts the annual Individual HMDA Modified LAR. Wolters Kluwer builds a comprehensive Peer HMDA Data file from this available data as a Preliminary release of the data to use as a standard Peer HMDA file. The FFIEC posts the Aggregate and Disclosure Data on Mortgage Lending (HMDA). This update allows users to incorporate aggregated institution and census tract data into their CRA Wiz and Fair Lending Wiz reporting and analysis. Mapping data is used with the installed Wiz Mapper and updated whenever there is a change to boundaries, names, or geography numbers. Whenever a change is FFIEC Annually Summer US Census American Community Survey (ACS) Annually Winter FFIEC Annually August CFPB Annually March FFIEC / CFPB Annually May US Census / Tiger Data Biennial or when required link This is included as part of the FFIEC Update and information on how to use this data can be obtained from the Support team. When the CFPB publishes the National Loan-Level Dataset (Expected May annually), Wolters Kluwer will release a FINAL Peer HMDA Data. 5

6 US Census initiated, any updated data that can be provided is included with the mapping data. The US Census data provides the demographic data for CRA Wiz and Fair Lending Wiz analysis. This data includes population, housing, income and employment data for comparisons with lending data. The data is used in the reporting, mapping, geocoding and data editing tools of the Wiz family of software. US Census / American Community Survey (ACS) Every 5 years or when required The Federal Financial Institutions Examination Council (FFIEC) policy regarding the implementation of the American Community Survey (ACS) specifies that the FFIEC will refresh the ACS dataset on a 5-year cycle, using the 5-year estimations. 6

7 About Wolters Kluwer - Wolters Kluwer provides audit, risk and compliance solutions that help financial organizations improve efficiency and effectiveness across their enterprise. Whether complying with regulatory requirements, addressing a single key risk, or working toward a holistic risk management strategy, more than 15,000 customers worldwide count on Wolters Kluwer for a comprehensive and dynamic view of risk management and compliance. With more than 30 offices in over 20 countries, the company s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Bankers Systems, VMP Mortgage Solutions, AppOne, GainsKeeper, Capital Changes, NILS, AuthenticWeb and Uniform Forms. Wolters Kluwer is a leading global information services and publishing company with annual revenues of (2011) 3.4 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information. Wolters Kluwer Financial Services 130 Turner Street Building 3, 4th Floor Waltham, MA Wolters Kluwer Financial Services 7