QuestSoft is pleased to announce the immediate availability of Key Performance Benchmark Reports. These performance comparison reports provide the vital market data necessary to accurately evaluate your bank's performance under the Community Reinvestment Act (CRA).
Key Performance Benchmark Reports Features:
Each Report Package is Custom Tailored to your specific CRA Assessment Area(s)
Delivered Electronically in PDF format
Quickly incorporated into reports for both your Examiners and Board of Directors
Report data integrated into new CRA RELIEF market based reportsat no charge to companies that request these reports now
Data can additionally be used to identify new markets for your institution's products
NO SOFTWARE REQUIRED - Simply provide your Assessment Area(s) information
CRA does not specify quantitative performance standards. Instead, examiners rely on “performance context” data to assess performance. This data has been captured, organized and presented in a series of reports that establish the most important quantitative standards against which your bank will be compared.
Comprehensive Mortgage Lender Profile:
This Report summarizes all reported HMDA mortgage activity in your uniquely defined community. The Report shows the volume and value of all mortgage originations and the market rank and market share of all reporting lenders. The Report also shows and ranks every lender's LMI and minority lending activity. This Report is very valuable for CRA Lending Tests 1 and 4.
Mortgage Lender LMI Tract Ranking Report:
This report ranks and compares all the lenders and their activity in your assessment area's LMI tracts. This Report is invaluable for CRA Lending Test 3.
Detailed Mortgage Borrower Profile:
This Report breaks down all mortgage loan activity by Borrower income class for each and every census tract within your assessment area. This Report is pertinent to CRA Lending Tests 2, 3 and 4.
LMI Tract Mortgage Borrower Profile:
This Report correlates LMI borrowers with LMI tract activity and is important for CRA Lending Tests 3 and 4.
Assessment Area Concentration Ratios:
This report summarizes, ranks and compares every lender in your state with respect to the relative commitment of lending resources in their assessment area. This Report allows comparison of your bank to every lender in your state under CRA Lending Test 1.
Comprehensive CRA Small Business Lending:
This Report captures all reported small business loans for each and every census tract in your uniquely defined assessment Area. The Report is another element in CRA Lending Tests 1, 2 and 3.
CRA Lending in Assessment Area LMI Tracts:
This Report focuses on the critical lending in the LMI neighborhoods in your defined community. The data used in this Report applies to CRA Lending Test 3.
CRA Lender Profile Report:
This Report details, ranks and compares the small business lending activity of reporting lenders in any county which is included in your assessment area. This Report is fundamental to CRA Lending Test 1.
Community Development Lending:
This Report displays and ranks all lenders based in your state and their reported community development lending activity. Essential for CRA Lending Test 5.
CRA Very Small Business Rankings:
This Report compares and ranks all CRA reporting lenders based on their lending to very small businesses. Critical to CRA Lending Test 4.
CRA Very Small Business Loan Index:
This Report creates an index of the relative amount of lending to very small businesses ($1 million or less annual revenue) that allows comparison of all reporting lenders in your state. Even small banks can compare to and outperform large banks because the index levels the playing field. Critical to CRA Lending Test 4.
Self-Assessment Performance Synopsis:
The Performance Synopsis summarizes and highlights the 6 most important CRA performance benchmarks so you can see precisely how your bank compares to market experience for each loan test. Each benchmark is supported by pages of detailed market data in your Performance Benchmark Reports.
All of the above reports can be delivered within 3 business days.
To order call 800-575-4632 x212 or use this Order Form.
