CREDIT PRICE MONITORING™ SERVICE
Mortgages, Consumer Loans, Home Equity Lines/Loans

Description

Preiss&Associates' Credit Price Monitoring‘ Service monitors the pricing decisions of mortgage, consumer and home equity portfolios of financial institutions. The analysis determines whether or not the difference in the frequency and magnitude of note rates, annual percentage rates and discretionary fees being charged protected classes of customers (as determined by their race, gender, marital status or age) versus those being charged non-protected classes of customers is statistically significant.

Uses

• Tests for systematic differential treatment in credit pricing within the institution’s mortgage, consumer and home equity portfolios using regulator procedures.
• Identifies particular loans that may be under-priced or over-priced.
• Assures consistency in the entity’s pricing decision across its customer base.
• Performs multi-level monitoring as needed; at the company, region, branch office and loan officer levels.

Benefits

• Uses statistical expert to do analysis like the regulators.
• Increases productivity through easy to use custom reports; avoids data management, learning and technical concerns.
• Screens 100% of application files statistically, not just a sample.
• Reviews only that files may be problematic, not a random sample of the portfolio.
• Identifies problematic files on a timely basis; quarterly, semi-annually, annually.

Staff and Business Qualifications

• Ph.D. in Economics with specialization in econometrics.
• Post-doctoral work at Wharton Econometric Forecasting Associates in Philadelphia, under Nobel Laureate Lawrence Klein.
• Combination of unique technical skills and practical business experience sets Preiss&Associates apart from competitors.

For more information and a full discussion of your requirements, please contact Preiss&Associates.