Fair Lending in Underwriting 2022 | ProBank Austin | 17 August 2022 | Webinar

This webinar will focus on the anti-discrimination requirements under the Equal Credit Opportunity Act (as implemented by Regulation B) and the Federal Housing Act, and how the process of discrimination may occur in underwriting. We’ll also discuss violations in a variety of underwriting contexts, which will provide guidance and practical examples for concerns that financial institutions should be on the lookout for. For HMDA reporters, we’ll discuss briefly how certain data points on the HMDA LAR may cause examiners to potentially believe there are discriminatory concerns.

Here is what you will learn:
• Equal Credit Opportunity Act/Regulation B prohibited basis
• Fair Housing Act prohibited basis
• Methods of discrimination
• Examples of ways in which institutions discriminate in underwriting
- Information requested/obtained (e.g., spousal information)
- How information is evaluated
• How discrimination shows itself
- Approvals/denials; Increased rates or fees
- Frequency of withdrawn/incomplete files
- HMDA LAR
• Importance of understanding the risk in providing exceptions or considering compensating factors
• Key points and best practices
• Variety of recent fair lending violations

This informative session is crucial for all in the lending process, including compliance officers, auditors, loan officers, loan processors, and those responsible for servicing of loans.

2022 Speakers

Anetria Cohen
Vice President, ProBank Austin