Assess whether a model update needs a fair-lending revalidation (c433d2)

Situation

In a mortgage company after a pricing-regression spike, HMDA LAR validity and quality edits is the evidence after a board asking if the bank should settle a matched-pair study. Exam-response coordinator has to pick Remove access or reverse the item or Temporary compensating control for this Fair Lending Examination and Notices close using HMDA LAR validity and quality edits.

Decision

Exam-response coordinator in a mortgage company after a pricing-regression spike must choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold using HMDA LAR validity and quality edits after a board asking if the bank should settle a matched-pair study.

Hypotheses to test

• Exam-response coordinator can defend Remove access or reverse the item from HMDA LAR validity and quality edits after a board asking if the bank should settle a matched-pair study in a Fair Lending challenge.
• Exam-response coordinator cannot defend Remove access or reverse the item from HMDA LAR validity and quality edits; Temporary compensating control is what the extract actually supports after a board asking if the bank should settle a matched-pair study.
• A board asking if the bank should settle a matched-pair study never reached the population in HMDA LAR validity and quality edits — reopen intake, do not close a model update needs.
• Two facts in HMDA LAR validity and quality edits after a board asking if the bank should settle a matched-pair study conflict for exam-response coordinator; hold this Examination and Notices file.

Analysis required

• Flag any disparate-impact table exam-response coordinator cannot explain from HMDA LAR validity and quality edits.
• Test a documented exception versus a pattern a mortgage company after a pricing-regression spike must defend.
• Match the adverse-action language to the facts in HMDA LAR validity and quality edits.
• For this Fair Lending Examination and Notices file, read HMDA LAR validity and quality edits against a board asking if the bank should settle a matched-pair study and write the one fact that would move a model update needs for exam-response coordinator.

Recommendation

Choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold on this Fair Lending / Examination and Notices packet (HMDA LAR validity and quality edits after a board asking if the bank should settle a matched-pair study). Lead with the Fair Lending option HMDA LAR validity and quality edits can support after a board asking if the bank should settle a matched-pair study, then the two facts that force it, then the Monday action for exam-response coordinator in a mortgage company after a pricing-regression spike.