Market Overview

QuestSoft Adds Assessment Area Analysis to Compliance RELIEF


QuestSoft, the nation's leading provider of automated mortgage
compliance software, upgraded its Compliance RELIEF software to include
an industry-first module for enhanced assessment area analysis. The
Assessment Area Optimizer helps bankers review their current Community
Reinvestment Act (CRA) delineated assessment area and interactively
identify potential gaps in or additions to their assessment area.

Available as a new add-on to QuestSoft's Compliance RELIEF platform,
Assessment Area Optimizer can be accessed from within QuestSoft's Instant
system to provide a detailed overview and analysis of
current assessment areas versus potential assessment areas. In addition
to providing details on existing geographic configurations, the system
allows for "What If" scenarios to help bankers easily forecast the
impact of changes to their assessment area(s) on CRA compliance,
including competition comparison.

"Having an accurate and optimal assessment area is critical to helping
financial institutions ensure compliance with CRA and identify potential
risks associated with redlining," said Leonard Ryan, Founder and
President of QuestSoft. "Our new Assessment Area Optimizer not only
provides a snapshot of current assessment areas, but it helps lenders
forecast how changes would impact their business and helps them gain
valuable insights into meeting the credit needs of the markets they

Compliance RELIEF provides lenders with one powerful tool to manage
HMDA, CRA, NMLS Call Reports, and other state reporting. Integrated into
the leading loan origination software systems in the industry,
Compliance RELIEF simplifies the process of collecting, testing,
analyzing and submitting loan compliance data. Powerful mapping tools
also enable lenders to have the most accurate geocoding and assessment
area analysis tools.

About QuestSoft®

Laguna Hills, Calif.-based QuestSoft is a leading provider of
comprehensive compliance software and services for the mortgage, banking
and credit union industries. QuestSoft combines 20+ years of mortgage
regulatory, CRA and Fair Lending compliance analytics, data management
and software design expertise with best-in-class customer service to
consistently improve client compliance accuracy and facilitate smoother
regulatory audits. QuestSoft products, interfaced with over 40 LOS
providers, enable more than 2,500 banks, credit unions and mortgage
companies to simplify and speed the collection, analysis, compilation
and reporting of key lending regulatory report data. The company's
software helped lenders submit over 8 million error-free transactions to
regulators in 2017. For more information, call 800-575-4632, ext 1, or

View Comments and Join the Discussion!