LOGIT MONITORING™
Mortgages, Consumer Loans and Home Equity Lines/Loans

Description

Preiss&Associates' Logit Monitoring™ services help financial institutions examine their mortgage loan, consumer loan and home equity line/loan portfolios for possible disparate treatment issues in the credit granting decision process. Using logistic regression, a specialized form of multiple regression analysis, these services assist institutions in identifying possible differential treatment issues employing the same procedures the federal regulators use when they perform their fair lending exams. Depending on client preferences, Preiss&Associates performs its monitoring services with an annual, semi-annual, quarterly or monthly frequency.

Uses

• Tests for unintended differential treatment in the credit granting process for mortgages, consumer loans and home equity lines or loans.
• Identifies application files that need to be manually reviewed to assure the proper file documentation to justify the credit decision made.
• Assures consistency in the credit granting decision within and across underwriting centers.

Benefits

• Uses statistical expert to do analysis like the regulators.
• Increases productivity through easy to use custom reports; also 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.