Brooks.HCLA Frequently Asked Questions
How do I integrate this product with my current system?
Integration depends on a number of factors, such as whether you use a home-grown system or one purchased from a software company? Using XML, we have a flexible system; we work with a number of vendors to provide the file format needed for integration. Our advantage is that we have multiple options and can accept data in a variety of different methods. Please call us for more information.
How does your system process the data if fields are missing information?
We hope that these issues will be handled during installation and training. For example, current systems do not have a field for fees paid to an affiliate, which is necessary for predatory review. This can be handled by classifying the fee as a lender fee. Also, par rate is not a field that most systems include; we will not exclude discount points with put this data. The best way to handle this would be to run the loan and see if it triggers a predatory loan; if so, then investigate what the par rate was to see if any points could be excluded. There may be other issues like these that need to be addressed with you to determine the best method for your organization.
What input fields do I need to be concerned with?
Please see Brooks High Cost Loan Analysis web application to see the information that needs to be collected.
We have an in-house system. How can we integrate this product into this system?
We will provide your programmers with a well-formed schema. This will act like a map to place the data in the right format.
Do you check the amortization schedule, payment and APR from our LOS in the HCLA Engine via the web interface?
No, we do not verify that your system did an accurate APR when evaluating for predatory regulations. We offer a web service (Brooks.Math) product that can be integrated into your LOS to accomplish this task.