Consulting | Fair Lending Risk-Assessment

Be Prepared for Your Next Exam with a Fair Lending Risk Self Assessment

Preparing for a fair lending exam can be tough for any size institution. Having the knowledge to effectively evaluate your institutions performance is not always enough. It can be a struggle to find the time, resources and tools necessary to properly assess your institution. This is where we can help. A fair lending risk assessment completed by our experts will help your institution establish controls, respond to community needs and be assured of regulatory compliance.

Why conduct a Risk Assessment?

Failing a fair lending exam can be disastrous. Consequently, anticipating your institutions exposure to fair lending risk becomes an important first step in avoiding the embarrassment and high cost that comes with a failed exam. Completing a fair lending risk assessment allows your institution to effectively gauge its propensity to fair lending risks. Furthermore, our team of former bankers and regulators offers third party objectivity and can deliver a comprehensive assessment of your institutions performance before your next exam without straining your valuable resources.

What does a Fair Lending Risk Assessment include?

• A review of overall corporate structure (types of loans, channels, volumes, training, etc.) and impact on fair lending risk
• A review of your fair lending analytical program, types of loans reviewed, types of analysis, training, and what is done with the analysis.
• A comprehensive review of data issues impacting analysis and data processing to determine efficiencies and recommendations.
• An overall executive summary that summarizes institutions, risks (matrix), gaps, and recommendations for monitoring those risks and filling in the gaps.

Click here to contact us to discuss how you can “Ace” your next exam.