Fair Lending Magic™
Advanced statistical and matched-pair testing for all mortgage, auto, consumer, and small business lending.
Fair Lending Magic™ helps financial institutions streamline fair lending analysis across all loan types, including mortgage, small business, consumer, and auto lending. It combines powerful analytics, automated reporting, and intuitive workflows to identify disparities, monitor lending patterns, and support compliance with laws such as ECOA and Fair Housing Act.
Fair Lending Magic™ enables compliance, CRA, and risk teams to work more efficiently, prepare for exams, and drive consistent, equitable lending practices across the portfolio.
What can Fair Lending Magic™ do for you?
Identify Fair Lending Compliance Risks
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
PRICING RISK
Understand statistically significant differences in pricing by prohibited basis groups as explained by rate sheet pricing adjustment factors
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
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
Industry Leading Analytics & Trend Analysis
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
Contact us today to learn how Fair Lending Magic™ can unlock valuable insights for your organization.
What our customers say
This wasn’t just a features presentation. We could clearly connect the functionality to real compliance results.
Your expertise was clear during the demonstration, and I was even more impressed after our onboarding call.