Technology | Front-end Fair Lending Manager

Front-end Fair Lending Manager

Identify potential fair lending problems before you close loans

You can no longer afford to monitor for fair lending risk after loans are booked. Post-closing scrutiny does help you keep an eye on your total fair lending risk, but it's not enough. You must keep problematic loans from being closed in the first place and make sure you're not overcharging or unfairly denying applicants. Discrepancies expose you to regulatory and legal risk plus reputational damage.

Front-End Fair Lending Manager™ lets you identify potential risk during preliminary approval. Fair lending checkpoints integrated early in the origination process help you avoid unequal treatment of applicants. You can be sure all applicants are treated fairly based on past performance with similar borrowers.

Front-End Fair Lending Manager instantly evaluates whether an applicant should be approved or denied and whether the quoted price is reasonable from a fair lending standpoint. It gives you real-time assurance that booked loans do not contain disparate treatment issues.

Best of all, Front-End Fair Lending manager is fully automated and requires little staff training. It integrates with your existing loan origination process to ensure that every application is compared to past lending decisions. It automatically identifies questionable loans and notifies you that additional review is required before a loan is closed. It gives you start-to-finish fair lending protection.

To learn more about Front-End Fair Lending Manager's features, please click on the link at the right.

 

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