Assess whether a redlining pattern exists after controls (6122e1)

Situation

A redlining pattern exists sits with exam-response coordinator because an underwriter chat that used coded language hit a bank with thin HMDA LAR quality. Evidence is mortgage pricing residual by prohibited-basis group; write the Fair Lending Redlining and HMDA Data option that extract can carry.

Decision

Exam-response coordinator in a bank with thin HMDA LAR quality must choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold using mortgage pricing residual by prohibited-basis group after an underwriter chat that used coded language.

Hypotheses to test

• Exam-response coordinator can defend Remove access or reverse the item from mortgage pricing residual by prohibited-basis group after an underwriter chat that used coded language in a Fair Lending challenge.
• Exam-response coordinator cannot defend Remove access or reverse the item from mortgage pricing residual by prohibited-basis group; Temporary compensating control is what the extract actually supports after an underwriter chat that used coded language.
• An underwriter chat that used coded language never reached the population in mortgage pricing residual by prohibited-basis group — reopen intake, do not close a redlining pattern exists.
• Two facts in mortgage pricing residual by prohibited-basis group after an underwriter chat that used coded language conflict for exam-response coordinator; hold this Redlining and HMDA Data file.

Analysis required

• Check HMDA coding and underwriting policy against a redlining pattern exists.
• Compare mortgage pricing residual by prohibited-basis group to similarly situated files, second-review notes, and reason codes after an underwriter chat that used coded language.
• Flag any disparate-impact table exam-response coordinator cannot explain from mortgage pricing residual by prohibited-basis group.
• For this Fair Lending Redlining and HMDA Data file, read mortgage pricing residual by prohibited-basis group against an underwriter chat that used coded language and write the one fact that would move a redlining pattern exists for exam-response coordinator.

Recommendation

Choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold on this Fair Lending / Redlining and HMDA Data packet (mortgage pricing residual by prohibited-basis group after an underwriter chat that used coded language). The follow-on Redlining and HMDA Data action is what exam-response coordinator does next: implement the option, assign an owner, and log the missing fact.