Monitor, diagnose, and correct compliance and fair lending issues in real time, before the loan closes.
Fair Lending Compliance
Effective compliance management is highly complex and touches every part of the lender’s business. Optimal Blue’s compliance solutions automatically manage fair lending issues during the loan process – not after – allowing lenders to correct problems before they become violations. In addition to monitoring for pricing disparity or exceptions at the time of lock, lenders can utilize the historical pricing feature to go back in time to the day of lock, and see what was available for the client on that day, or any other day. Access product disparity details to aid in redlining or disparate impact detection, and easily demonstrate strong systematic controls for monitoring and enforcing policies in real time.
+ Live, real-time and historical pricing data
+ Patent-pending process for determining rate equivalency
+ Access exact pricing and LLPAs from the day of lock or change date
+ Automated reporting functionality
+ Compare live data to peers
+ Monitor and address pricing disparities
+ Demonstrate strong compliance management with automation
+ Perform comprehensive evaluations and memorialize pricing events