Technology | Fair Lending Wiz: Web

Fair Lending Wiz®: Web

Protect yourself from third-party non-compliance

Close regulatory scrutiny of broker and auto dealer lending, class action lawsuits for disparate treatment and renewed focus on redlining have dramatically increased your risk for unfair lending allegations. You're liable for third-party loans from brokers and auto dealers even if you don't have the ability to monitor them.

When you have brokers and dealers providing a small number of loans per year, there are too few to run a statistically valid regression analysis. Countering unfair lending allegations takes a comprehensive and documented fair lending program that allows you to quickly and definitively respond to negative claims.

Fair Lending Wiz: Web lets you monitor indirect lenders without overburdening internal resources. It identifies third parties that may be charging higher rates to protected classes or denying loans on an unfair basis. It gives you the information you need to effectively monitor, analyze and manage third party lending.

We interview the underwriters, build the models and identify the risks. You focus on closing loans with complete confidence that your third party originators are treating customers equally and fairly.

To learn more about Fair Lending Wiz: Web, please click on the link at the right.