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QuestSoft Updates Compliance RELIEF to Support New HMDA Partial Exemption Rule S.2155

LAGUNA HILLS, Calif., January 10, 2019 – QuestSoft Corporation, the nation’s leading provider of automated mortgage compliance software, has updated its automated regulatory reporting software, Compliance RELIEF, to support all options and adjustments to the HMDA 2018 Exemption Rule S.2155. The update first released last October, provides lenders who originate fewer than 500 loans per year the capability to capture exempt data points and choose how to submit the data on the Loan Application Register (LAR).  

The HMDA Partial Exemption Rule provides banks and credit unions with so called “regulatory relief” from reporting certain HMDA data. Under the rule, institutions subject to the partial exemptions may choose to report exempt data fields, but if they do, they must report all data within that data point. The rule outlines 26 data points that are subject to the exemption and an additional 22 that are covered by partial exemptions.

“Even though the exemptions make it sound like smaller lenders do not need to collect all 110 fields, we encourage lenders to continue to collect all HMDA data,” said Leonard Ryan, founder and President of QuestSoft. “The update to Compliance RELIEF provides lenders the ability to control which exempt fields they report, from data that’s likely in their Loan Origination System already. This helps institutions best portray their fair lending compliance without requiring hundreds of extra hours trying to identify and select the exempt data points they want to use. Our solution makes it seamless.”

For nearly 25 years, QuestSoft has specialized in financial lending compliance, including the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), fair lending, automated compliance rules and other settlement services. Compliance RELIEF automates the collection and submission of HMDA, CRA, Mortgage Call Reports, geocoding and mapping, and fair lending risk assessments, improving accuracy and efficiency while reducing errors and compliance risk.

About QuestSoft®

Laguna Hills, Calif.-based QuestSoft is a leading provider of comprehensive compliance software and services for the mortgage, bank and credit union industries. QuestSoft combines 20+ years of mortgage regulatory, CRA and Fair Lending compliance analytics, data management and software design expertise with best-in-class customer service to consistently improve client compliance accuracy and facilitate smoother regulatory audits. QuestSoft products, interfaced with over 40 software providers, enable more than 2,500 banks, credit unions and mortgage companies to simplify and speed the collection, analysis, compilation and reporting of key lending regulatory report data. The company’s software helped lenders submit over eight million error-free transactions to regulators in 2017. For more information, call 800-575-4632, ext. 1, or visit

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