TruPoint Partners Delivers 100th Denial Disparity Analysis

Charlotte, NC - August 23, 2010 - TruPoint Partners, a provider of compliance solutions to financial institutions, today announced the delivery of their 100th Denial Disaprity Index for fair lending review in less than 3 months.  

"The response to this offer has been tremendous", states Trey Sullivan, the founder and CEO of TruPoint.   "Our message of providing outstanding compliance analytics at a great value has been well received by the bank compliance community and we intend to build on this momentum".   

The Denial Disparity report, a subset of TruPoint Partners comprehensive Fair Lending Self Assessment Review, compares the frequency of denied applications among the prohibited basis or “Target Group” and the “Control Group” of non-Hispanic white males. Assuming the sample size is statistically significant, a Denial Disparity Index considerably higher than 1.00 may indicate that further analysis is needed. 

TruPoint Partners full Fair Lending Self Assessment Review consists of a series of reports and analyses designed to help  lenders more easily prepare for the increased scrutiny over Fair Lending practices widely expected in 2010 and 2011. The TruPoint eight part review is a thorough analysis of originations, withdrawn applications, denials, pricing and product mix.  The methodology used in the service is similar to the type of statistical analysis that regulators conduct on an institution's data prior to their site visits for the Fair Lending examination. 

The Fair Lending Self Assessment Review gives financial institutions insights into their data so they can explain or credibly defend their numbers. By helping them make sense of the trends in their data, TruPoint's Fair Lending Self Assessment reports prepare lenders to quickly and accurately respond to examiner inquiries.  In closing Sullivan adds, "Our experience has shown that most community banks are doing a fine job of serving their communities.  With our Fair Lending reports they now have the proof".     

To learn more about TruPoint Partners and the Fair Lending Self Assessment Review please visit http://www.trupointpartners.com/ .  To request the FREE Denial Disparty Index Report please visit http://www.trupointpartners.com/price-disparity-index-report

ABOUT TRUPOINT PARTNERS

TruPoint Partners provides efficient compliance tools and services to over 500 banks and credit unions.  TruPoint's Smart Compliance^tm solutions give institutions better insight into their data, enabling better management practices and lower risk, guaranteed.  TruPoint provides its clients the ability to reduce cost, manage compliance risk, and grow their businesses.   To receive a free fair lending report click here .   To learn more about TruPoint Partners' lending compliance solutions please visit http://www.trupointpartners.com/