Fair Lending Consulting Services

Fair lending compliance continues to be essential to the success of all lenders. No matter how good the program, continued vigilance is essential. Previously resolved issues can suddenly return to the top of your priority list with a new acquisition. Regulatory changes, such as the new rate spread reporting requirements create the need for new types of analysis. Environmental changes such as predatory lending create a new wrinkle in seemingly time-tested compliance efforts. Employees who are not sufficiently concerned with fair lending or not adequately trained may inadvertently unravel effective compliance programs. For organizations that have not kept pace with the industry, these kinds of issues are only a glimpse of the challenges ahead.  ADI's Fair Lending Consulting Services enable you to stay ahead of the compliance curve by evaluating and enhancing programs related to fair lending compliance risks.

COMPREHENSIVE PROGRAM
ADI provides independent insight into your fair lending program’s strengths and weaknesses. We offer solutions that reduce fair lending risks while embracing your existing processes. We assess potentially vulnerable areas in your current program including: (a) your lending monitoring and analytical procedures; (b) the quality of your underwriting decisions and loan pricing practices (from a fair lending perspective); (c) your policies and procedures; (d) your current training curriculum and administration; (e) your compliance communication with senior management, board members and customers; and (f) your readiness for forthcoming examinations.

Following our assessment, we design the customized solutions you need. These solutions can be ones you take on or ones you outsource to us. In the last phase, we implement the solutions with you. You are not left with only a report to ponder. We stay with you, working through the steps needed to enhance your program.


ON GOING DATA ANALYSIS AND MONITORING
ADI offers assistance in ongoing data analysis and monitoring through a similar approach. For example, we use our proven strategy to deliver independent insight into your current method of monitoring lending activity. The key to this strategy is our experience and expertise, not your current software.  We can work with the same tools you currently own or license. This means enhancement of your current monitoring efforts, not a costly conversion or other process of starting over. Further, this means you can use our proven expertise in data analysis without having to purchase new software or sign up for expensive web-based services. If a change in technology ultimately proves necessary, we can recommend appropriate new tools for your use, based on our understanding of your lending activities.  Or, we can provide solutions through which you utilize our expertise and capacity on an ongoing basis. ADI currently provides data analysis on a regular basis for some of the country’s leading lenders.


SELF TESTING
ADI also provides self-testing services to leading banks and mortgage lenders. This testing provides an in-depth evaluation of your fair lending compliance risks at the pre-application stage of the lending process, an area that is susceptible to testing through no other means.  In recent years, we have conducted thousands of self-tests in the form of matched pair mystery shopping or customer surveys, all fully compliant with the Regulation B privilege. These tests have reached every corner of the country; taken place on-site, by telephone, by e-mail; and addressed all types of prohibited bases. Our reports are unparalleled in their clarity and insight. Our clients see compelling conclusions, and the reasoning supporting them, as well as action-oriented recommendations.


TRAINING PROGRAMS
We review your fair lending training program and then give you our opinion on its effectiveness. If changes are needed, we design a customized training program, both in content and delivery method. Then, you have the option of using our services or a third parties’ to deliver your training.
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Contact us to see how ADI can assist you with your fair lending consulting needs.