by M&M Consulting | Mar 9, 2023 | Fair Lending
Fair Lending is on every compliance examiner’s radar, and nowhere is this more apparent than in examinations of consumer and residential loan servicing. Read any issue of the CFPB’s Supervisory Highlights and note how many examples deal with consumer and residential...
by M&M Consulting | Mar 7, 2023 | Fair Lending
In Part I of this multi-part Fair Lending article, we considered the topic of Redlining. In Part II, we’ll consider one of the newer Fair Lending hot topics – Appraisal Bias. Appraisal Bias is the practice of an independent appraiser placing a value on a property...
by M&M Consulting | Mar 1, 2023 | Fair Lending
Ask any lending compliance officer in a financial institution what keeps them up at night lately, and their reply will probably have something to do with Fair Lending – specifically redlining, and the new issue, appraisal bias. This multi-part article will consider...
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