Find out why a top-ten mortgage lender with a proprietary loan origination system (LOS) needed to convert from a legacy document platform.
RiskExec has recently been updated to include the following enhancements:
Fair Lending Module
Decisioning Regression Analysis Results: Highlighting Significant Model Agreement
If the Model Agreement is greater than or equal to 10% above either subagreement, meaning the Model Predicted Positive-Actual Positive or Model Predicted Negative-Actual Negative in the the Concordance (Confusion) matrix, RiskExec will highlight the subagreement(s). This will help users identify substantial variances between model predicted observations and actual data.
Pricing Regression and Decisioning Regression Analysis Results: Additional Model Output
Additional model validation measures have been added to the Model Output tab of the Decisioning Regression Analysis Results and Pricing Regression Analysis Results.
Marketing Report Enhancements
Users now have the ability to choose which Loan Actions they want included in the report during the report setup. Additionally, Market data has been added to the report in two new columns: Market Applications and Market Selected Loan Actions.
Redlining Module
New Advanced Analysis Measures
Users can now select three new measures when setting up their Advanced Analysis.
HMDA Module
Combined Race/Ethnicity Field
The Combined Race/Ethnicity field has been added to the HMDA module. It has also been added to the RiskExec Full Data Export format in the HMDA module.
Find out why a top-ten mortgage lender with a proprietary loan origination system (LOS) needed to convert from a legacy document platform.
Learn more about the Goals Module and its key monitoring and reporting features.
Learn about the changes of state consumer protection and the responsibility of financial services institutions to pursue operational excellence and a culture of compliance.