2010-05-25 15:25:22 -

RATA Associates : , an industry-leading provider of Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) and Fair Lending compliance software and geocoding services for financial institutions, announced Greer State Bank streamlined and improved its CRA data submission process by using RATA’s Comply Suite : , resulting in very positive feedback from its CRA examiner.

With more than $450 million in assets, S.C.-based Greer State Bank selected RATA’s Comply Suite in 2006 to achieve greater accuracy with its CRA data submissions, and to work with a friendlier and more experienced team. Judy Edwards, vice president of Greer State Bank, cites the bank’s previous system was difficult to use and its support team was uncooperative.

“Before RATA, we

were required to manually enter our loan data every year – a process that took nearly a month to complete,” said Edwards.

“Using RATA’s system, we upload required information from our core processor, save this information as a comma delimited file (CSV) and use an import definition created by RATA personnel to load the CRA loan information into RATA’s system. This process is much easier as compared to the manual process using Excel spreadsheets. Additionally, another advantage we have with RATA is their ability to generate excellent maps to indicate the location of loans in the census tracts in the bank's assessment area. Seeing speaks much louder than just numbers on a page and this is extremely valuable for us.”


John R. Woloshen, RATA’s CEO, said, “RATA Comply Suite installations typically require one to three days from start to finish. Because the Comply Suite user interface is modeled after Microsoft Office, little or no end-user training is required other than one or two online training sessions that RATA provides at no charge to new clients. RATA also provides a free customer support website that can help new users come up to speed quickly with regard to using the Comply Suite software effectively.”

Edwards said, “After our first CRA exam using RATA’s system, the examiner was blown away by the extensiveness and professionalism of reporting we were able to provide. She said she had never seen anything like it. Additionally, we could download everything directly to the examiner’s computer where she was then able to run tests on the spot – a much easier process.”


RATA has pioneered HMDA/CRA compliance software for more than 23 years.

Investing nearly $3.5 million in its compliance software suite during the last four years, RATA’s Comply Suite is built on the latest Microsoft .NET and SQL Server technology platforms. By using this technology along with volume based pricing, RATA offers flexible and scalable, HMDA, CRA and Fair Lending software and service geocoding solutions that are cost-effective for institutions of all sizes.

“Maintaining regulatory compliance can be incredibly time-consuming and burdensome,” said John A. Woloshen, executive vice president and chief operating officer for RATA. “By using a platform built on modern, Microsoft .NET and SQL Server technology and leveraging a team of highly experienced professionals, financial institutions can significantly improve the process and generate 100 percent accurate data, as validated by our proven track record, high client retention and RATA’s recognition from all regulatory agencies as an experienced and professional service bureau.”


About RATA Associates

Founded in 1987 by John R. Woloshen, RATA’s current CEO, RATA Associates is an industry-leading provider of data compliance software and services for financial institutions. Built on .NET technology, RATA’s Comply Suite software is the industry’s most modern software and service geocoding solution, enabling financial institutions to remain compliant with the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA) and Fair Lending Act efficiently and economically. Since 1990, RATA has helped more than 600 financial institution clients successfully submit HMDA/CRA data each year. For more information, please visit www.rataassociates.com : .



For RATA AssociatesMedia ContactMary York, 678-781-7221