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#1531084 - 04/04/11 03:40 PM
Center of Zip
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100 Club
Joined: Aug 2002
Posts: 133
SOMEWHERE
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We lend in a lot of rural areas and many addresses are rural routes which are not shown when you look them up on the FFIEC website. Is using center of zip accceptable in those circumstances or should we be finding a different source to geocode?
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#1531088 - 04/04/11 03:46 PM
Re: Center of Zip
JUST CALL ME CRA
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Power Poster
Joined: Sep 2004
Posts: 5,249
out of the frying pan...
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I use maps, plats, surveys, nearest major crossroads, and/or sometimes directions (i.e. 3 mi north of X Road, on left side of Hwy 32) to locate rural addresses and anything else that doesn't show up on the FFIEC geocoder. Then I match whatever that location source was to the FFIEC map and report the info from there.
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#1531106 - 04/04/11 04:07 PM
Re: Center of Zip
RR Becca
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100 Club
Joined: Aug 2002
Posts: 133
SOMEWHERE
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So, you are saying that it is not acceptable as a matter of routine, only when nothing else can be found. Correct?
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#1531145 - 04/04/11 05:13 PM
Re: Center of Zip
Kathleen O. Blanchard
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Power Poster
Joined: Apr 2001
Posts: 4,828
Between the lines
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Start with the appraisal in your file, they should have it plotted on a map. Don't rely on the geocode on the appraisal, it is a good way to double check, but examiners won't let you slide if he got it wrong.
We also use MapQuest to help get an approximate location and then plot it out on FFIEC's map. It's amazing how often MapQuest has a location when FFIEC doesn't.
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#1531319 - 04/04/11 08:46 PM
Re: Center of Zip
SMQ, CRCM
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Gold Star
Joined: Mar 2011
Posts: 294
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Start with the appraisal in your file, they should have it plotted on a map. Don't rely on the geocode on the appraisal, it is a good way to double check, but examiners won't let you slide if he got it wrong.
We also use MapQuest to help get an approximate location and then plot it out on FFIEC's map. It's amazing how often MapQuest has a location when FFIEC doesn't. Very good method, SMQ. Used it in my bank, and recommended it to rural banks when doing exams. Mapquest map, overlayed (if that's a word) on FFIEC map, with geocode and demographic printout. You shouldn't be questioned too much on that.
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#1531364 - 04/04/11 11:15 PM
Re: Center of Zip
arye23
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100 Club
Joined: Feb 2002
Posts: 132
Phoenix, AZ
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Agree - use this method often [with Google maps, but not to quibble ;)] for agricultural areas in several states and it works well.
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#1532753 - 04/07/11 03:19 PM
Re: Center of Zip
Kathleen O. Blanchard
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Power Poster
Joined: Apr 2001
Posts: 4,828
Between the lines
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Totally agree with Kathleen, state your case for best available at the time.
FFIEC also goes back to 2008 (see drop down box), maybe you could prove your point by trying some of the addresses that they have cited.
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#1540498 - 04/25/11 11:08 PM
Re: Center of Zip
Kathleen O. Blanchard
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Platinum Poster
Joined: Jul 2004
Posts: 505
WA
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FFIEC is a moving target. During our last exam in 2010, our FDIC examiner pulled a list of loans I had geocoded through a major outside vendor. He ran the address on FFIEC and received a result. I ran the same address in my office, 2 floors above him and on 2 of about 10 loans in question, received different results. He may have put in the city, state and zip combo, I normally put in the street address and zip. Same address and zip in both instances, but different census tracts. We are printing off every FFIEC run and placing it in the loan files as proof we had when the loan was last outprocessed. That way we have something to point to in the file that is an "official" government result. Both of us just shook our heads!
Last edited by Moman; 04/25/11 11:10 PM.
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