360factors, a risk and compliance management technology company serving financial institutions, has unveiled a new Home Mortgage Disclosure Act (HMDA) Compliance Testing Agent inside its Ask Kaia AI agent platform.
The new tool, accessible to Enterprise plan customers, allows compliance teams to upload their Loan Application Register (LAR) alongside relevant loan documents, set the parameters of a testing scope, and generate granular, loan-by-loan audit reports. The agent operates as a wizard-based workflow, guiding users through the compliance testing process in a structured and repeatable manner.
The announcement targets a well-known pressure point for financial institutions. HMDA compliance testing has traditionally demanded considerable time and resource investment, with institutions typically relying on third-party vendors or internal teams to carry out manual file reviews. According to 360factors, a single outsourced mid-size review engagement for a $1bn institution covering hundreds of loans can cost as much as — or more than — an entire year’s subscription to the HMDA Agent.
360factors’ flagship products include Predict360, Ask Kaia, and Lumify360, which are designed to support compliance officers, risk professionals, and institutional leadership with AI-driven capabilities for managing regulatory obligations and business performance.
360factors CTO Christopher Duden said, “We’re thrilled to release the HMDA agent because it eases the burden on financial institutions for one of their most demanding obligations. Our objective is to deliver a solution that provides compliance teams with the ability to test more loans, more often, with greater consistency, and at a fraction of the cost of traditional outsourced review.”
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