In today's volatile lending environment, Fair Lending analysis is more important than ever. This past year, the Federal Reserve reported unanticipated lending disparities between minorities and whites. This report was not lost on the regulators, and savvy compliance professionals know that more invasive Fair Lending exams are forthcoming.
As your partner, TruPoint's objective is to provide you with the products and services necessary to do your job effectively. Our Fair Lending Analysis and Review services are designed to provide the compliance professional with insight into his or her institution's lending practices and proactively uncover any potential Fair Lending violations. The objective of the TruPoint Fair Lending tools is to provide you with information regarding your lending practices proactively so that you can ensure any potential lending violations are discovered and remedied well in advance of your next exam.
Fair Lending Analysis and Review
TruPoint Partners' "new" Fair Lending analysis reports enable you to proactively review your institution's lending to all applicants based on race, gender, and income. Mortgage pricing analysis is also performed on all lending activity. Rate and pricing analysis can be augmented with additional data such as credit scores and other credit variables. A close adherence to Fair Lending risk factors as outlined in the Fair Lending exam guidelines has been incorporated into these reports. Ask your Account Manager about TruPoint Partners' new Fair Lending products and services.