GIS is critical in enabling banks to comply with government requirements such as the Home Mortgage Disclosure Act (HMDA). You can use your own lending data with Maptitude to create Community Reinvestment Act (CRA) maps that verify HMDA compliance and non-discriminatory lending practices.
Maptitude includes the Federal Financial Institutions Examination Council (FFIEC) Census Tract demographics to support the consumer compliance examination process. The FFIEC Census data are required for compliance under HMDA, CRA, and fair lending.
In addition to the extensive Census data supplied with Maptitude (including the latest Census Tracts), there are several additional datasets available from Caliper. These include:
In addition, Caliper offers HMDA datasets that contain records for all the loan applications processed by every financial institution required to file by HMDA. These data are available for every year from 1990 thus allowing time series analysis, and are also available as a geographic layer aggregated by Census Tract.
There are many benefits when you use Maptitude as an alternative to HMDA Wiz Map:
√ Maptitude is the easiest-to-use full featured mapping software, and includes powerful tools such as multi-ring drive-time zones
√ Maptitude has no subscription fees and supports secure off-line data storage
√ Maptitude provides fully customizable maps with unlimited point icons
√ Maptitude has unlimited pin-mapping/geocoding
√ Maptitude has a full suite of mapping tools
√ Maptitude includes free mapping data and demographics covering everything from population statistics to business locations, postal/ZIP Codes, and more!