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Lending Patterns™
Fair Lending Magic™
HMDA Ready™
CRA Check™
ComplianceTech™ Suite of Products
- Fair Lending Exam Preparation
- The first time you become aware of a potential fair lending issue should not be during a compliance examination by your regulator.
- Fair Lending Issues Risk Assessment
- The Fair Lending Issues Risk Assessment is a process in which ComplianceTech senior analysts interview and survey the lender’s management and line staff in functional areas such as, production, processing, underwriting and servicing. Numerous penetrating questions are asked to identify operational policies, practices and processes that give rise to fair lending risk.
- Data Needs Assessment
- The Data Needs Risk Assessment should be the lender’s first step in addressing fair lending compliance risks. Before risk can be monitored, the lender needs to know it has the quantity and quality of data to conduct fair lending monitoring.
Features of FAIR LENDING MAGIC™
For those who need to take the deep dive into monitoring fair lending using statistics and more.
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™.
Resources
Small business lending collection and reporting requirements.
Features And Benefits of LendingPatterns™
Getting Started
No software to install- No hidden server cost
- Register online and get started with HMDA/fair lending analysis the same day
- No multi-year contract obligation
- • FFIEC Guidelines and Exam Prep
- • Borrower characteristic
- • Charts and Maps
- • Marketing Risk Factors
- • Lender Overview
- • Assessment of Fair Housing
- • Application characteristics
- • Parent company risk analysis
- • Custom peer group
- • Interactive charts
- • Market Analysis
- • Lending performance benchmarks
- • Market intelligence
Data Analytics
- Monitor lending performance inside and outside of Assessment Areas
- ‘Robust peer selection tool’ defines similarly-situated lenders by business model metrics
- Gauge compliance performance with built-in FFIEC examiner redlining risk factors
- • Custom geography
- • Performance outliers
- • Evidence-based assessments
- • Historical data
- • Area demographics
- • Redlining risk factors
- • Production opportunities
- • Drill-down ability
- • Robust peer selection
- • Underwriting risk factors
- • Pricing risk factors
- • GSE goals
- • Custom reporting
Community Management
- Frequent workshops offered through free online training with live instruction
- All maintenance included in annual license fee
- • Disparity analysis
- • Historical data
- • HMDA tables
- • Lender risk analysis
- • Spread profile
- • LAR count
- • Fair Lending Scoping
- • Disparity analysis
- • Community Reinvestment Act analysis
- • Ethnicity disparity profile
- • Gender disparity profile
