Canarie AI

Exam Preparation

Fair Lending Exam Preparation for Mortgage Lenders

Fair lending examinations scrutinize your lending practices for discrimination and disparate impact. Canarie helps you maintain continuous evidence of your fair lending program, from policy reviews to monitoring activities to exception tracking. When examiners arrive, you demonstrate a well-documented program. Specifically tailored for the unique examination requirements facing mortgage lenders.

More for Mortgage Lenders

Mortgage Lenders Exam Preparation Challenges

Complex disclosure requirements
Fair lending scrutiny
Servicing compliance
Multi-state licensing
CFPB examination readiness

Examining Agencies

CFPBFDICOCCFederal ReserveDOJ

Exam Frequency

Every 2-3 years or as part of consumer compliance examination

Preparation Steps for Mortgage Lenders

1
Update fair lending risk assessment
2
Review underwriting and pricing policies
3
Compile exception tracking documentation
4
Gather comparative file analysis results
5
Document complaint monitoring activities
6
Prepare HMDA data integrity evidence
7
Compile fair lending training records

Evidence Examiners Expect

Fair lending policy and procedures
Risk assessment documentation
Underwriting exception analysis
Pricing exception tracking
Comparative file review results
HMDA data quality reports
Fair lending training completion

Related Compliance Areas for Mortgage Lenders

TILA-RESPA complianceFair lendingServicing requirementsState-specific requirementsQM/ATR compliance

Frequently Asked Questions

Transform Fair Lending Exam Preparation for Your Mortgage Lender

See how mortgage lenders prepare for examinations in days, not weeks.