Preiss&Associates, LLC

Credit Decision Monitoring™ & Credit Price Override Monitoring™
services help financial institutions monitor their automated underwriting systems for credit decision and credit price overrides. Overrides are part of the automated underwriting and loan pricing process and occur when the actual credit or pricing decision is contrary to the decision recommended by the automated underwriting system or pricing decision system. Preiss&Associates analyzes both highside and lowside overrides. From the regulators’ perspective the existence of overrides causes fair lending concerns since the potential exists for perceived discrimination if the pattern of overrides appears to indicate disparate treatment. more>

Indirect Auto Rate Monitoring™ Service monitors indirect auto loan portfolios of financial institutions and captive finance companies on both a dealership and loan basis. On a dealership basis, Preiss&Associates monitors the frequency and magnitude of the difference between the buy rate and contract rate charged protected class applicants versus non-protected class applicants to identify dealers that may have frequency or magnitude issues. On a loan basis, Indirect Auto Rate Monitoring‘ uses regression analysis to monitor for possible problem loans regardless of the dealership. more>

Indirect Auto Logit Monitoring™ services help financial institutions examine their indirect auto application 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 on indirect auto portfolios. Depending on client preferences, Preiss&Associates performs its monitoring services with an annual, semi-annual, quarterly or monthly frequency. more>

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. more>

Logit Monitoring™ and Credit Price Monitoring™for Subprime Loans services help financial institutions examine their sub-prime loan portfolios for possible disparate treatment issues with respect to the credit granting decision process and the credit pricing decision process. Logit Monitoring' uses logistic regression, a specialized form of multiple regression analysis, to assist institutions in identifying possible differential treatment issues in the sub-prime credit granting process employing the same procedures the federal regulators use when they perform their fair lending exams. Similarly, Credit Price Monitoring' assists institution in identifying possible credit pricing issues in their sub-prime loan portfolios. more>

Logit Monitoring™ and Credit Price Monitoring™ for Small Business services help financial institutions examine their small business loan portfolios for possible disparate treatment issues with respect to the credit granting decision process and the credit pricing decision process. Logit Monitoring‘ uses logistic regression, a specialized form of multiple regression analysis, to assist institutions in identifying possible differential treatment issues in the small business credit granting process employing the same procedures the federal regulators use when they perform their fair lending exams. Similarly, Credit Price Monitoring‘ assists institution in identifying possible credit pricing issues in their small business loan portfolios. more>

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. more>

Enterprise Credit Decision Monitoring™ and Credit Price Monitoring™ services help financial institutions examine their credit portfolios across entities within an institution for possible disparate treatment issues with respect to the credit granting decision process and the credit pricing decision process. Enterprise Credit Decision Monitoring‘ uses logistic regression analysis to assist institutions in identifying possible differential treatment issues across entities in the credit granting process, employing the same procedures the federal regulators use when they perform their fair lending exams. Similarly, Enterprise Credit Decision Monitoring‘in the pricing arena aids an institution in identifying possible credit pricing issues across entities in their credit portfolios. more>

Hit Counter