For anyone who needs to understand Peer Analysis and Scoping using the national HMDA database to discover prohibited basis performance outliers/disparities in market penetration, redlining, underwriting, pricing and data quality.
For those who need to take the deep dive into monitoring fair lending using statistics and matched pairs for every type of loan with advanced features to identify potential prohibited basis disparities.
For loan servicers looking for an automated tool to ensure fair and preventing disparate treatment in the loan loss mitigation process.
For all mortgage lenders who need to prepare an HMDA loan application register (LAR) intelligently for submission.
For banks that need to prepare, submit or report a CRA loan application register (LAR) and manage CRA exams.
Read our latest blog posts
Almost 2021: Year-in review perspective of HMDA, Fair Lending, and CRA developments
As we ring in the new year, it is helpful to recap what has happened in 2020 on three different fronts: HMDA, fair lending, and CRA. I count eight important developments. These are listed in no particular order below: 1. Modifications to the 2020 and 2021 HMDA Filing...
A Holistic View of Fair Lending: The Loan Lifecycle
We are pleased to post a blog written by a guest author. As a former examiner with the FDIC, Tory Haggerty has a lot to share and offers some practical advice on his view of fair lending monitoring and identifying hidden risks. He poses critical questions...
It’s All About Underwriting and Pricing Exceptions
One key component to any fair lending monitoring program is robust monitoring of underwriting and pricing exceptions. The Interagency Fair Lending Examinations Procedures indicate that institutions face increased fair lending risk if internal policies are vague with...