Navigate CRA Modernization with New CRAVision

Polygon Research is pleased to announce the release of our new subscription offering: CRAVision.

As the modernization debate is heating up, we bring the facts and insights from the Community Reinvestment Act (CRA) data to lenders, policy makers, and regulators.

Like HMDAVision (our SaaS app launched last year), CRAVision models the 5 most recent years of a government curated data set - in this case Community Reinvestment Act (CRA) data - blends it with complementary FDIC and Census data sources, and presents it to our subscribers in a series of intelligent, interactive charts and CRA assessment maps accessed via web browser.

Participate in the Modernization Debate - Staying flexible through research

Assessment Area Definition
One focus of the modernization debate is the definition of the assessment area that the banking agencies use to assess a bank's compliance. It influences the CRA's effectiveness in delivering banking services to low- and moderate-income areas. The interactivity of CRAVision with its insightful and instantaneous assessment area mapping capabilities from individual census tracts all the way to the national view, allows bankers to engage in a 'what-if' definition of their Assessment Areas and to compare those AA definitions to their peers. It gives bankers a data-driven decision-making process for how to meet their CRA obligations in a way that plays to their business model strengths and also understands the community credit needs and opportunities. Moreover, the powerful visualizations allow them to share their stories with communities and policy makers.

CRA Qualifying Lending and Services
CRAVision has all the data and facts that are needed to clarify and expand the types of lending and banking services that qualify for CRA credit. By understanding the communities in which the bankers lend, they will be able to expand their product and borrower base by offering new loan or investment products. By not limiting the scope of data and, in fact, by incorporating more data, CRAVision creates a one-stop research capability for important CRA product lending decisions.

Some additional features of the CRAVision app:

• Assessment Area Mapping
• Side-by-side Assessment vs. Non-Assessment Comparisons
• Scale and Interactivity to supplement your experience to drive modernization efforts in your CRA programs
• Visualize your business strategy and your competitors'
• Performance by financial institution inside vs. outside their assessment areas at Census Tract, County, MSA, and State level
• Aggregate market performance down to the Census Tract level
• Loan count, dollar volume, and ratios across all CRA dimensions
• See maps by census tract of each lender's assessment areas
• Bank deposit, asset, and location data by branch
• Neighborhood Income Group (LMI) branch location assessment summaries by Tract

Branch Locations

Control the level of drill down by choosing Lender, Geography, and/or Assessment Area. Interactive mapping of branch locations at the census tract level helps banking stakeholders see the availability of retail banking services in a given area.

Assessment Areas

See the footprint of your assessment area by census tract side by side with county-level CRA performance. Filter and drill down by all CRA dimensions like Loan Type, LMI, Income Group Total, and more.

Market Share

Measure bank responsiveness to area credit needs in relation to deposits, as well both CRA and HMDA lending activity.

We're happy to answer questions – see our contact info here. To learn more, click here. Or just jump right in and subscribe here.