Fair Lending Magic

For those who need to take the deep dive into monitoring fair lending using statistics and more. 

LendingPatterns

What can Fair Lending Magic™ do for you?

Features of FAIR LENDING MAGIC

Redlining Risk

Statistically determine whether there is a difference in the market share in majority-minority versus majority-white census tracts, relative to the appropriate peer group

Underwriting Risk

Rule out statistically significant differences in approval/denial by race, ethnicity, gender, and age, then confirm whether the disparity is explained by differences in qualifications

Pricing Risk

Understand statistically significant differences in pricing by prohibited basis groups as explained by rate sheet pricing adjustment factors

CRA-Fair Lending Risk

Incorporates the analysis of bank redlining litigation. Analyze fair lending inside and outside CRA Assessment Areas

Steering Risk

Confirm that the data do not show a pattern of placing customers into less desirable products on a prohibited basis when they qualified for a better product

Robust Peer Analysis

Incorporate custom peer groups based on various business models created in LendingPatterns™

Comparative File Review

Perform underwriting and pricing matched-pair analyses to compare similarly-situated prohibited basis group applicants to the control group

Works with HMDA Ready™

Build and verify a HMDA loan application register from scratch

Monitor all loans

Consumer, business, automobile,and mortgage lending activity with a single tool