Fair Lending Compliance Assessment

Why Compliance?

As you know, the Equal Credit Opportunity Act (ECOA) as well as numerous other federal laws & regulations prohibit discrimination in any aspect of a credit transaction. It applies to any extension of credit (from commercial loans to home mortgages), including extensions of credit to small businesses, corporations, partnerships, and trusts. Though fair lending laws are not new, you and your bank officers and internal auditors will benefit from our comprehensive and effective fair lending assessment review services.

Specifically, our analysts perform a comprehensive review of:

Types of credit products offered.
Credit terms offered .
Credit markets served (consumer, commercial, and residential).
Special programs for underserved populations.
Demographic information regarding the institution’s credit markets.
Decision-making processes regarding credit.
Loan officer or broker compensation.
Loan product documentation.
Availability and ease of assembling relevant documentation.
Pre-Funding Mortgage Loan Reviews.

Our fair lending compliance assessment helps you identify and address risks in your lending programs. Our analysts will provide you with a detailed analysis of each risk area and recommend corrective actions to ensure compliance.