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
Minimizing Redlining Risk: Questions Lenders Need to be Able to Answer (Part 2)
Recent lawsuits to enforce the federal fair housing laws should serve as strong signals to lenders of an aggressive stance the government is taking regarding the enforcement of redlining under the federal fair lending laws. In Part 1, I highlighted the...
Minimizing Redlining Risk: Questions Lenders Need to be Able to Answer (Part 1)
Lawsuits advanced by the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) are strong signals to lenders of an aggressive stance the government is taking regarding the enforcement of redlining under the federal fair lending...
7 Criticisms I have heard about Fair Lending Software Vendors
Several prospective customers recently shared specific things with me that they wish their fair lending software could do. They contacted me to set up a time to discuss their concerns and learn about ComplianceTech’s web-based suite of software for HMDA, CRA,...