Managing fair lending compliance across your entire financial organization is a daunting task. It requires thorough monitoring of diverse loan portfolios and third-party loan originators for CRA, HMDA, ECOA and FHA violations. Unless you have a comprehensive fair lending program in place, you are risking serious consequences.
Some of the potential pitfalls your organization could face include pre-decision pricing, error correction, post-closing loan problems, funding decisions, problem brokers and compliance monitoring. Managing these risks requires continuous review, analysis and reporting. Failure can lead to penalties, fines and irreparable damage to your institution's reputation.
Wolters Kluwer Financial Services Fair Lending solutions provide you with industry-leading technology and consulting services that allows your team to manage and monitor exposure to fair lending risk and mitigate it. No matter the size of your institution, you can easily identify potential risk and immediately take corrective action to remedy unfair lending practices.
Fair Lending Wiz®-A software solution that allows you to easily identify potential fair lending risks and immediately remedy unfair lending practices. It automatically performs a full range of risk assessment tasks, so you can devote your resources to developing corrective action instead of looking for elusive problems. Learn More.
Fair Lending Wiz® Compliance Dashboards- A reporting solution, you get a comprehensive, at-a-glance perspective of your CRA and Fair Lending performance. Learn More.