Achieving compliance with predatory lending laws has never been easier. Our HCL/PredCheck filter seamlessly applies thousands of rule sets to help you stay compliant with predatory lending laws.
HCL/PredCheck is always updated with every predatory lending law – right down to the local level. Loan data is carefully matched against applicable laws and results are generated in just seconds. Detailed reports warn of APR and points and fees threshold violations. If the loan is a high cost loan, additional tests are performed to uncover other prohibited predatory terms.
In addition to full federal, state and local predatory lending analysis, HCL/PredCheck includes TILA, FNMA and Patriot Act compliance features designed to help improve your company’s bottom line.
Quick and easy loan reviews are made possible by detailed worksheets featuring Points and Fees Drilldowns that pinpoint compliance violations and suggest corrective measures even the least experienced employees can understand.