Comply Fair Lending: Premier Software Solution for Fair Lending Compliance and Risk Analysis

About Comply Fair Lending

As a professional in the lending compliance sector, I have had the opportunity to explore various software solutions, and I can confidently say that Comply Fair Lending stands out as a premier choice for Fair Lending risk analysis. The software, developed by RATA Associates, is not only robust but also user-friendly, making it an invaluable tool for financial institutions aiming to ensure compliance with Fair Lending regulations.

One of the most impressive features of Comply Fair Lending is its comprehensive analysis capabilities. The software allows users to assess a wide range of loan types, including real estate, auto, credit card, and consumer loans. The inclusion of customizable scorecards for various risk factors—such as redlining, pricing, and underwriting—enables institutions to tailor their analysis to specific needs, enhancing the overall effectiveness of their compliance efforts.

The statistical analysis tools provided by Comply are particularly noteworthy. The regression analysis functionality is flexible and allows for the inclusion of user-defined fields, which is a significant advantage over other commercial packages. This flexibility facilitates a deeper exploratory analysis, enabling users to identify potential disparities in lending practices with greater accuracy.

Moreover, the seamless integration with external analysis packages and the ability to automate repetitive tasks through the Auto-Pilot feature significantly enhance productivity. The intuitive interface, reminiscent of familiar applications like Microsoft Office, further reduces the learning curve for new users, making it accessible for teams of varying technical expertise.

The commitment to continuous improvement is evident in the software's architecture, which is built on a solid Microsoft SQL Server database foundation. This ensures data integrity and security, which are paramount in the financial sector.

Comply Fair Lending is a comprehensive, flexible, and user-friendly solution that effectively addresses the complexities of Fair Lending compliance. Its advanced features, coupled with a commitment to user experience, make it an essential tool for any financial institution serious about maintaining compliance and promoting fair lending practices. I highly recommend scheduling a demo to see firsthand how Comply Fair Lending can transform your compliance efforts.

Compliance Features

• Audit Management