Outsourcing | Fair Lending

Fair Lending Outsourcing

Outsourcing protects you against the rising costs of fair lending compliance

Managing fair lending compliance across your entire organization requires close monitoring of diverse loan portfolios and third-party loan originators for CRA, HMDA, ECOA and FHA violations. It's expensive, inefficient and fraught with errors.

Outsourcing simplifies fair lending compliance and lowers your compliance costs. It lets your staff spend their time developing corrective action instead of looking for elusive problems.

Customize your fair lending compliance program

Our outsourcing services are custom-tailored to support your particular needs. Depending upon your requirements outsourced fair lending services can include:

• Transaction monitoring for fair lending practices
• Creation and updating of fair lending policies and procedures
• Ongoing employee training programs
• Pre-exam material submissions
• Executive-level reporting

Our fair lending experts begin by defining your needs. Our Fair Lending Risk Assessment is based on the Interagency Fair Lending Exam Procedures and will include an executive summary that can be presented to your senior managers or board members. Some institutions have provided this risk assessment to their regulators to demonstrate that monitoring is taking place, as well as to streamline their fair lending exam.

Our assessment focuses on home purchases, government home purchases, refinances, and home improvement portfolios. Our analysis will provide you with all of the following:

• Data integrity review
• Targeting analysis
• Steering analysis
• Redlining analysis
• Pricing analysis (originations)
• Disparity analysis
• Credit scoring overrides
• Decisioning and pricing regression
• Executive summary

To learn more about outsourcing your fair lending efforts, click here to contact an outsourcing sales specialist.