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RATA Associates Announces Availability of Auto Pilot Component for Comply[TM] Suite.

New component eliminates manual processes, streamlines data processing

LONGWOOD, Fla. -- RATA Associates, LLC, an industry-leading provider of cost-effective Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), and Fair Lending compliance software and geocoding services for financial institutions, announced today the availability of its Auto Pilot Component for its RATA Comply[TM] Suite. With Auto Pilot, lenders are able to more efficiently process HMDA/CRA data while cutting costs and resources.

Based on .NET and SQL Server technology, Auto Pilot is fully customizable and can meet any institutions' processing needs. It runs independently of Comply, eliminating the need for employees to log into the system to facilitate jobs. Jobs are scheduled through the auto pilot job manager and can process during off hours or institutions can choose to manually start jobs. An event history tracks every single operation, giving detailed information on the entire process.

"RATA Comply makes data processing simpler, but institutions are still required to undergo the same repetitious steps every month or quarter, depending on their data processing schedule," said John A. Woloshen, executive vice president and chief operating officer for RATA. "Each time, institutions will import data, run rate spread calculations, edit check data, geocode the new addresses, filter data, make global changes, and finally, run management reports. This is not only time-consuming, it's exhausting for employees. With Auto Pilot, manual processes can be completely eliminated, alleviating much of the burden and stress from processing HMDA and CRA data."

Automatic tasks available with RATA's Comply Auto Pilot Component include: Backup/Restore Reporting Entities; Import One or Multiple Data Files; Run system Calculations; Geocode Addresses; Run Edit Checks; Filter and Make Global Changes to Data; Run Predefined Report Definitions.

"For more than 23 years, RATA has pioneered HMDA and CRA compliance software, developing some of the industry's most technologically-advanced software," said John R. Woloshen, chief executive officer for RATA. "RATA continues to innovate as we strive to improve compliance software. With the release of our latest Auto Pilot component, data processing is now less arduous and more efficient for lending institutions. We look forward to helping our clients and prospects achieve an easier way to process data."

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 geocoding solution, enabling financial institutions of all sizes to remain compliant with the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA) and Fair Lending requirements 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.

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Publication:Business Wire
Geographic Code:1U5FL
Date:Oct 5, 2010
Words:523
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