Case Study
Redstone Federal Credit Union
Full-population HMDA review without adding staff
The Challenge
New rules, manual processes
Facing unfamiliar regulatory requirements and future growth, Redstone needed a scalable, digital-first way to keep compliance risk and costs down.
-
Unfamiliar requirements
New regulations demanded processes the team hadn’t built for yet. -
Manual, disjointed review
HMDA fields were verified by hand across mortgage, commercial, and consumer files. -
Growth on the horizon
Rising volume across lending lines threatened to overburden staff.
The Solution
Digital-first HMDA automation
Redstone adopted Encapture to classify, extract, and validate HMDA data automatically across every lending line.
Auto-classify and extract
Relevant content is pulled automatically from mortgage, commercial, and consumer files.
Full-population review
Every file is checked, not a random sample, ensuring complete coverage without more effort.
Catch inconsistencies early
HMDA field discrepancies between loan documents and the LOS are flagged automatically.
Embedded in existing workflows
Encapture fits into current processes for seamless adoption.
The Results
Saving time and cost on HMDA reporting
0
%
less time-on-task for HMDA reporting
$
0
k+
saved annually
In their words
Thorough reviews without the manual lift
I'm excited to be able to do full population checking as opposed to random sampling and the speed with which we can do it, and the efficiency that it's going to allow us to create.
Tony Parinello
Senior AVP – Risk and Compliance · Redstone Federal Credit Union
More customer stories
Institutions putting Continuous to work — and the results they’ve seen.
Credit Unions
Reclaims hours each day from manual job scheduling
Replacing hand-run core processes with orchestrated workflows gave staff back the time once spent starting and watching jobs.
Credit Unions
Scales member growth without growing the batch team
As one of the nation’s largest credit unions grew, OpCon absorbed the added processing load while nightly run times stayed flat.
Credit Unions
Delivers accurate member balances before branches open
Member-facing nightly processing now completes well ahead of open, so postings and balances are right at the start of the day.
