QuestSoft Adds CRA Saleability Analysis to Compliance EAGLE Platform
Summary
The new module enables lenders to uncover additional opportunities for revenue generation through the identification of CRA-qualified loans in low- and moderate-income (LMI) areas at the point of application. The CRA Saleability tool helps lenders identify potential investors based on geographic location. “With mortgage volumes expected to be flat in 2020, lenders need every advantage possible to maintain profitability while continuing to serve all areas of their local community,” said Leonard Ryan, founder and President of QuestSoft. This is just another example of how big data can help lenders become more profitable while simultaneously demonstrating their commitment to the communities they serve.” For nearly 25 years, QuestSoft has specialized in financial lending compliance, including the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), fair lending, automated compliance rules and other settlement services. About QuestSoft® Laguna Hills, Calif.-based QuestSoft is a leading provider of comprehensive compliance software and services for the mortgage, bank and credit union industries.
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