ICE CRA Analytics provides company and industry insights to help manage progress toward meeting CRA requirements. This comprehensive solution offers access to pre-categorized, analytics-ready data sets consisting of aggregated characteristics of CRA-eligible loans. It enables benchmarking adherence to the CRA against industry peers, reducing unnecessary costs, and boosting loan pipeline ROI. CRA analytics can help generate dashboard data points and align marketing strategy for compliance. With ICE CRA Analytics, you’ll receive actionable insights to support compliance and expand CRA lending programs with confidence. The solution can also help increase CRA-eligible loan market share and optimize pricing and ROI for buying/selling of any CRA-eligible loans. ICE CRA Analytics can help measure your organization’s progress towards supporting CRA lending requirements, manage compliance towards meeting CRA lending requirements, compare your company’s percentage of closed loans that are CRA-eligible against your industry peers, leverage analytics to better understand market trends, optimize pricing and ROI for sale and purchase of CRA-eligible loans on the secondary market, and gain access to benchmark data to improve compliance in areas that are underperforming.

Features:

• Support compliance with CRA requirements: Solve potential CRA requirement issues before they occur by leveraging performance reports by branch, division and loan officer, providing full transparency and measuring your organization’s progress towards meeting CRA lending requirements.
• Identify potential CRA compliance risks: Benchmark your CRA-eligible loans for compliance audit risk detection; and determine if you are over or under indexed to help prevent future compliance risk.
• Discover new lead opportunities: Gain visibility into data separated by borrower, loan type, property details and geographic information to identify underserved affordable housing markets to penetrate.
• Boost CRA-eligible loan acquisition and secondary marketing ROI: Leverage market trend analytics, analyze historical consumer demand and pricing trends for recently locked loans, optimize pricing and ROI for sale and purchase of CRA-eligible loans on the secondary market and avoid overpayment.
• Complement your existing analytics strategy: Use the data in conjunction with your existing compliance reporting or technology systems.