RATA Associates LLC, a provider of Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), and fair lending compliance software and geocoding services for financial institutions, has announced the availability of its Auto Pilot Component for its RATA Comply Suite. With Auto Pilot, lenders are able to more efficiently process HMDA/CRA data, while cutting costs and resources.
Based on .NET and SQL Server technology, Auto Pilot is fully customizable and can meet any institutions’ processing needs. It runs independently of Comply, eliminating the need for employees to log into the system to facilitate jobs. Jobs are scheduled through the auto pilot job manager and can process during off hours or institutions can choose to manually start jobs. An event history tracks every single operation, giving detailed information on the entire process.
“RATA Comply makes data processing simpler, but institutions are still required to undergo the same repetitious steps every month or quarter, depending on their data processing schedule,” said John A. Woloshen, executive vice president and chief operating officer for RATA. “Each time, institutions will import data, run rate spread calculations, edit check data, geocode the new addresses, filter data, make global changes, and finally, run management reports. This is not only time-consuming, it’s exhausting for employees. With Auto Pilot, manual processes can be completely eliminated, alleviating much of the burden and stress from processing HMDA and CRA data.”
Automatic tasks available with RATA’s Comply Auto Pilot Component include: Backup/Restore Reporting Entities; Import One or Multiple Data Files; Run system Calculations; Geocode Addresses; Run Edit Checks; Filter and Make Global Changes to Data; Run Predefined Report Definitions.
For more information, visit www.rataassociates.com.
