Since its founding more than 25 years ago, ComplianceTech has provided fair lending compliance services and compliance tools to lending institutions, government agencies and research institutions. The company’s web-based software tools, LendingPatterns and Fair Lending Magic, help lenders stay compliant with the myriad of regulations they must abide by.
LendingPatterns is a web-based HMDA data mining tool that provides multiple years of loan transaction data. Fair Lending Magic automates compliance and fair lending risk analysis for all types of loans. The company boasts several significant federal government departments and other sizable federal entities among its user base. The company’s software is also often used by fair housing advocates to provide fair lending and Community Reinvestment Act analysis.