Crowe Fair Lending Analytical and Regression Engine (Crowe FLARE)

More Effectively Manage Fair Lending Compliance Risk With Crowe FLARE

Fair lending compliance has become significantly more challenging in recent years. New requirements from the Consumer Financial Protection Bureau’s Office of Fair Lending and Equal Opportunity extend to virtually all types of credit providers including banks, credit unions, mortgage lenders, and automotive and other specialty finance companies.

How Crowe FLARE Can Help

As part of its holistic approach to consumer lending compliance, Crowe Horwath LLP helps lenders more effectively identify and manage fair lending risk factors. In addition to providing comprehensive third-party loan review services for a lender’s portfolio, experienced Crowe specialists use the proprietary Crowe FLARE to perform fair lending model validation as well as analysis and risk assessments of loan application and underwriting data and of collection, foreclosure, and mitigation efforts.

Crowe FLARE uses easy-to-understand dashboards to provide clear visualizations of fair lending data analysis and consumer protection compliance information to stakeholders. As a dynamic platform, Crowe FLARE can be configured to address specific concerns facing each institution:

 
Crowe FLARE for Automotive Lending Uses advanced statistical techniques including Bayesian Improved Surname Geocoding and regression analysis to identify risk factors at the dealership and organizational level.
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Crowe FLARE for Mortgage Lending Performs high-level analysis and advanced regression analysis of underwriting and pricing data to help lenders better understand Home Mortgage Disclosure Act and other regulatory issues.
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Crowe FLARE Helps banks better understand the penetration of their consumer-purpose lending activity both inside and outside their assessment areas – a critical requirement for evaluating Community Reinvestment Act and unfair, deceptive, or abusive acts or practices compliance.