TRUPOINT Analytics provides financial institutions with the analysis and insight they need to mitigate Fair Lending compliance risk, and to effectively handle an examination. TRUPOINT Analytics is a cloud based, comparative analysis and statistical reporting platform for financial institutions. It provides the information you need, at a fraction of the time and cost of other systems.
Our TRUPOINT Analytics Fair Lending reports will show:
With TRUPOINT Analytics, you won’t need to hire an auditor or fear an examination. Report types include but are not limited to: Fair Lending, HMDA, CRA, Peer Analysis, Redlining, and Market Demographics. We also provide Regression Analysis services. Visit our Consulting page to learn more about our Regression Analysis.
With TRUPOINT Analytics you can perform comparative analysis and peer review of your institution’s lending in minutes.
All public HMDA and Census data is part of the system. Uploading your HMDA and Consumer Loan data to the system is easy and accomplished with the click of a button. Running the statistics and performing comparative analysis of your data has never been easier. All reports, analyses, and reviews can also be generated, viewed, and stored securely in your "Vault" for future retreival and sharing with a click of a mouse.
Fair Lending examiners today are concerned about more than just HMDA. All secured and unsecured consumer lending, along with auto lending are drawing particular attention. During your next Fair Lending exam, you can expect a request for a file of consumer loans. Each record will then be reviewed by your examiners and appended with gender, race and ethnicity.
The TRUPOINT Consumer Based Fair Lending Analysis focuses on the consumer loan portfolio. Simply provide your consumer loan data and TRUPOINT Analytics will take care of the rest. Mirroring the process performed by Fair Lending examiners, TRUPOINT Analytics appends your consumer loan record with gender, ethnicity, race and location. All consumer loans are analyzed for interest rate and term disparity.
This series of consumer loan analysis reports are among our most popular, and are helpful to both HMDA and non-HMDA financial and lending institutions.