Assess whether to pause a product pending a lookback from mortgage pricing

SITUATION A branch that stopped taking applications in one ZIP put mortgage pricing residual by prohibited-basis group in front of fair-lending officer in a mortgage company after a pricing-regression spike. This Fair Lending / Pricing and Credit Limits close is to pause a product from mortgage pricing residual by prohibited-basis group, and the live options are Remove access or reverse the item, Temporary compensating control, Approve a documented exception.

DECISION Fair-lending officer 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 mortgage pricing residual by prohibited-basis group after a branch that stopped taking applications in one ZIP.

HYPOTHESES TO TEST 1. The population in mortgage pricing residual by prohibited-basis group is the one a branch that stopped taking applications in one ZIP named, so Remove access or reverse the item follows for this Pricing and Credit Limits file. 2. The population in mortgage pricing residual by prohibited-basis group is adjacent only to a branch that stopped taking applications in one ZIP; Temporary compensating control is the honest Fair Lending call. 3. A mortgage company after a pricing-regression spike already contained a branch that stopped taking applications in one ZIP before mortgage pricing residual by prohibited-basis group arrived; no new Pricing and Credit Limits path. 4. Provenance on mortgage pricing residual by prohibited-basis group after a branch that stopped taking applications in one ZIP is broken; do not pick Remove access or reverse the item or Temporary compensating control yet.

ANALYSIS REQUIRED 1. Match the adverse-action language to the facts in mortgage pricing residual by prohibited-basis group. 2. Check HMDA coding and underwriting policy against to pause a product. 3. Compare mortgage pricing residual by prohibited-basis group to similarly situated files, second-review notes, and reason codes after a branch that stopped taking applications in one ZIP. 4. For this Fair Lending Pricing and Credit Limits file, read mortgage pricing residual by prohibited-basis group against a branch that stopped taking applications in one ZIP and write the one fact that would move to pause a product for fair-lending officer.

RECOMMENDATION Choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold on this Fair Lending / Pricing and Credit Limits packet (mortgage pricing residual by prohibited-basis group after a branch that stopped taking applications in one ZIP). The follow-on Pricing and Credit Limits action is what fair-lending officer does next: implement the option, assign an owner, and log the missing fact.