David Skanderson and Ivan Darius of Optimal Blue LLC wrote an article entitled “Real-Time Control and Detection of Fair Lending Risks in Mortgage Origination.” The authors discuss sources of fair lending pricing risk, automating fair lending preventative controls, and how real-time fair lending monitoring process for mortgage pricing would work. To read the article, click the link below.
Fair lending: Considerations when searching for less discriminatory alternatives
The Consumer Financial Protection Bureau increasingly expects institutions to explore less discriminatory alternatives (LDAs) as part of their disparate impact...