Optimal Advantage was developed in response to the needs of mortgage lenders who have increased regulatory concerns with Fair Lending and Disparate Impact monitoring. By expanding the collected data points beyond HMDA data and dynamically monitoring this information real time instead of waiting until after the loan has closed, Optimal Advantage provides a more accurate and defensible position for the lender. Used in conjunction with the historical database, the lender now can leverage this robust compliance management system to ensure fair loan options for each client and easy regression analysis to prove fair and consistent individual client offerings.
This guides provides instructions for configuring and utilizing Advantage features.