CHARLOTTE, NC; Oct. 8, 2012 – TRUPOINT Partners announced that Q3 growth has doubled compared to this time last year.
The company attributes its success to several factors including the fact that existing clients are requesting additional regulatory compliance services. In addition, new clients are seeking TRUPOINT Partners' expertise for statistical analysis, Fair Lending risk assessments, and regulatory compliance guidance. Increased demand has been fueled by heightened levels of Fair Lending and CRA (Community Reinvestment Act) scrutiny from federal regulators.
During the first three quarters of this year, TRUPOINT Partners has added several new services to its TRUPOINT Analytics platform. These new additions have also contributed to the company’s 200% growth.
In January, the firm launched a new web-based analytics and reporting platform, providing financial institutions ready access to hundreds of compliance and management reports using public, private and proprietary data sets. The new platform provides financial service companies a way to quickly, easily and securely access reports that reveal critical insights about Fair Lending, Home Mortgage Disclosure Act (HMDA), and Community Reinvestment Act (CRA). In April, TRUPOINT expanded its product line by offering Fair Lending solutions for those banks that do not report HMDA by providing consumer and small business fair lending analysis similar to that conducted by the regulators.
“Our growth is a reflection of our core principles,” said Trey Sullivan, president and CEO of TRUPOINT Partners. “We are advocates for community banks and are committed to helping the bankers that run them. We empower our clients to successfully navigate the most challenging regulatory period in history, in the most efficient way possible.”
“Leveraging our secure cloud-based technologies, compliance expertise and client feedback is a formula that will enable TRUPOINT to continue to thrive,” Sullivan said. “We understand that many organizations are overwhelmed when it comes to managing regulatory compliance. It is not possible for financial institutions to ignore or avoid Fair Lending or CRA compliance. Therefore, we look for ways to solve their problems with simple solutions. We deliver those solutions through a delicate balance of technology and personal support delivered by experts. Comprehensive risk reviews, geo-analysis, comparative analysis, and regression modeling are just some of the tools we employ every day to help our clients.”
About TRUPOINT Partners
TRUPOINT Partners provides regulatory compliance solutions to financial institutions nationwide through an innovative blend of big data analytics, compliance expertise, and client service. TRUPOINT specializes in Fair Lending, HMDA, CRA, and UDAAP compliance, and also offer M&A due diligence, regression analyses, branch network optimization, and more.
TRUPOINT Analytics™ and TRUPOINT RiskCheck™ are cloud-based software tools that enable lenders to assess compliance risk and determine their lending performance for Fair Lending, UDAAP, CRA and other key consumer lending regulations. TRUPOINT combines the efficient use of these tools and expert professional consulting services to provide lenders with uniquely effective and efficient compliance solutions. For more information about the company, its products, and services offered, please visit http://www.trupointpartners.com or contact us today.