PCi Corp., Boston, has released Wiz Geocoder 3.5, a Web-based tool to integrate "geocoding" and edit-check capabilities into front-line applications that now includes Regulation C compliance.Geocoding allows financial institutions to retrieve demographic data for each applicant, enabling them to offer the most appropriate loan to each individual. With the introduction of Regulation C, financial institutions are expected to collect and analyze a dozen or more new variables when considering loan applications, the company pointed out. The new tool is designed to protect the integrity of data collected at the point of sale. The Wiz Geocoder, with enhanced edit-check functionality, also supports flood determinations, anti-predatory-lending analysis, and other compliance-related tasks. PCi can be found on the Web at http://www.pciwiz.com.
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