Monitoring underwriting and pricing for potential fair lending issues can be complicated. You have to ensure credit decisions and loan pricing is consistent with loan policies. Testing policy vs. practice is the key.
Marquis provides fair lending software that allows you to easily identify loans that are consistent with policy, high side denials, low side approvals, and exceptions to pricing. Additionally, our fair lending consulting team can help you review bank overrides and policies to determine the level of risk and appropriate course of action.
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