Wolters Kluwer Releases Advance Analysis of 2017 HMDA Aggregate Data
  • Wolters Kluwer Financial Services Banner Image

  • Wolters Kluwer Releases Advance Analysis of 2017 HMDA Aggregate Data

    May 03, 2018

    Data Available for Download by All Licensed Peer Data Wiz Customers

    Wolters Kluwer today announced the release of 2017 HMDA (Home Mortgage Disclosure Act) aggregate data of U.S. lenders’ mortgage lending transactions, collected from individual lenders by the Consumer Financial Protection Bureau (CFPB) and analyzed by Wolters Kluwer, for use by Wiz® customers. The release shows lending practices in the aggregate as well as by individual institutions, allowing viewers unparalleled market insights that are months ahead of the federal government’s aggregate data report.

    The Wolters Kluwer data marks the earliest view that lenders have ever witnessed into an aggregated HMDA data set for the prior year’s lending, a factor vital for business planning purposes.

    “We are very supportive of the Bureau’s having shared individual lender data so soon after the initial March 1 submission,” noted Heather Gentile, Senior Director, Compliance Analytics for Wolters Kluwer, “as it allowed us to analyze, aggregate and package that data in a manner that provides our customers an early view into how they are performing compared to peers. The earlier that lenders have such data, the more effectively they can compare against market peers, make adjustments as needed, and fully implement those lending strategies.”

    On March 30, 2018, the Bureau posted the release of individual institutions’ 2017 HMDA modified loan application register data, making it available in downloadable, institution-specific form for all lenders who completed 2017 HMDA transaction data submissions. This approach differs from previous years, when institutions’ lending data wasn’t made available until late in the calendar year.

    Wiz users can also import lender-specific data files for analysis using Wolters Kluwer’s data import functionality,” Gentile added.

    Wolters Kluwer released the aggregate lending data to its customers at the beginning of April. Once the Bureau publishes its aggregated data set in May or June, Wolters Kluwer will process that data set and share with customers, giving them a final Peer Data file with which to work. Given this jump start for customers, Gentile said that Wiz customers may only need to make small adjustments this summer when the final data is released.

    The aggregated lender data file is available for all Wiz clients via download at the Wiz Web Center; details on HMDA data analytics are at Wolters Kluwer’s HMDA Resource Center. For more information on the CFPB’s protocol, visit its HMDA site.

    About Wolters Kluwer Governance, Risk & Compliance

    Wolters Kluwer Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer which provides legal, finance, risk and compliance professionals and small business owners with a broad spectrum of solutions, services and expertise needed to help manage myriad governance, risk and compliance needs in dynamic markets and regulatory environments. 

    Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2017 annual revenues of €4.4 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.