How Banks are Eliminating Manual Data Scrubbing for HMDA

Encapture's Validate HMDA™ identifies data discrepancies for remediation by collecting relevant loan data from financial institutions' LOS and document repository, automating the manual data scrubbing of HMDA data fields.

Why automate?

  • Automate time consuming, low value, redundant tasks
  • Ensure data integrity and 100% loan review for risk mitigation
  • Avoid future FTE hiring and training​
  • Prepare compliance teams to solve for increased regulatory pressure

    See How
  • Encapture automation alleviates longterm HMDA challenges at First National Bank Texas

    FNBT's compliance team struggled to manually review all HMDA reporting data points, creating unnecessary risk around accuracy and consistency. Given the bank's recent growth and upcoming regulatory changes with CRA and 1071, Encapture integrated with the bank's systems to reduce HMDA processing time on task by 80%.