Technology | Fair Lending Wiz: Web | Details

Fair Lending Wiz: Web Product Details

Helps you manage third-party lenders

Fair Lending Wiz: Web is a web-based combination of custom software and professional services. It pools third party lending data to highlight problem brokers or dealers and gives you a comprehensive view of their lending behavior.

Fair Lending Wiz: Web lets you monitor indirect lenders without having to dedicate valuable resources to the task. We interview the underwriters, build the models and identify the risks. We handle the most labor-intensive tasks like data standardization and statistical model creation. Analysis is delivered to you through secure and encrypted channels. You can get results at the executive summary level all the way down to individual loans.

Fair Lending Wiz: Web contains three powerful modules to help you manage third party loans.

The Auto Dealer Review Module immediately identifies dealers charging higher rates, fees or unnecessary up-sells to protected classes

The Broker Review Module provides transparency into brokers' pricing and decisions

The HMDA Review Module utilizes 2004 HMDA data as a screening device for fair lending risks

Fair Lending Wiz: Web becomes an integral part of your Fair Lending compliance program. Our Wiz Services fair lending experts work closely with your institution to come up with a solution that is customized to your particular lending needs.

Click on the links at the right to download a brochure on Fair Lending Wiz: Web or our white paper on Fair Lending Compliance. Click here to contact a product sales specialist.