Fair Lending & Compliance: Controls for Borrower Pricing Discussions

Consumer Financial Protection Bureau (CFPB) enforcement of Ability to Repay (ATR) rules and provisions of the Fair Housing Act and Equal Credit Opportunity Act have triggered requirements for reporting and controls that ensure compliant origination of loans. Loan pricing is a critical stage in the process of matching a borrowers needs with the best offer available. Therefore, it is sound business practice to capture data and documentation as evidence of compliant pricing discussions and to create the audit trail needed to respond to regulators' inquiries related to fair lending analysis and compliance.

Create an audit trail for fair lending risk assessment

Create an audit trail of pricing decisions for proof
of compliance.

Learn about Fair Lending
Analysis Tool >
Product and pricing related QM data for qualified mortgage compliance

Verify product and pricing related QM data.

Learn about QM Data >
Loan scenario documentation for anti-steering compliance

Document the pricing offers discussed and the offer selected by a borrower.

Learn about Loan Scenario Report >

Consistent documentation of
loan pricing decisions
validates compliance.