Statement of Capabilities
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1 Statement of Capabilities
2 Who We Are ComplianceTech is a compliance management consultant. We specialize in data driven management solutions involving regulatory compliance, emerging markets and risk analysis. We have been in business over 17 years. 2
3 The Principals Vast background in housing finance, consumer lending, legal and regulatory compliance issues Industry insiders Experienced in loan production, risk analysis, credit policies and practices. 3
4 Corporate Expertise Compliance Management Reporting Loan Review and Underwriting Risk Analysis High Risk Lending Analytics Strategic Markets Analytics Federal Housing Program Support Secondary Market Analysis Litigation Support Statistical Analysis and Modeling Custom Database Development, Software Applications and Programming 4
5 Corporate Expertise Lender Risk Data Mining Performance Ranking for Loss Mitigation Analysis of Impediments Reporting Market Research and Forecasting Minority and Low and Moderate Lending Analysis REO Disposition Congressional Testimony Support Tenant Assessment Subsystem (TASS) for Public Housing 5
6 Compliance Management Consulting Conducted analysis of HMDA, MICA and FHA data by Congressional District in support of H.R. 6111, Tax Relief and Health Care Act of 2006 making mortgage insurance payments tax deductible. Conduct market research by merging and enhancing different data sources for in-depth analysis, i.e., HMDA, MICA, Automated Underwriting and Land Sale data. Analyzed 40,000 Industry Comment letters on RESPA for HUD in 2002 and 15,000 in
7 Compliance Management Consulting Conduct operations reviews of lenders on a regular basis to determine organizational, structural and programmatic risks impeding effective minority loan production. Conduct analyses of 3rd party broker risks relating to broker compensation (e.g., yield spread premiums, servicing release fees, points and other fees). Perform outsource compliance risk analysis of mortgage, auto and consumer loans. 7
8 High Risk Lending Analytics Performed numerous comprehensive internal audits and disparity studies for major lenders The purpose: to provide clients with management intervention strategies to improve loan production and manage risk related lending performance. Conducted comparative file reviews for numerous lenders to test for discrimination in lending. Regularly work with lenders IT professionals to ascertain the quality and quantity of data needed for high risk lending analysis. 8
9 High Risk Lending Analytics, cont Performed a bias assessment of an Artificial Intelligence underwriting system for a major mortgage insurance company Assisted a major mortgage insurance company in setting up its internal fair lending training program Performed fair lending and diversity training for numerous mortgage lenders 9
10 Strategic Markets Analytics Branch Location Analysis Minority and LMI Competitor Analysis Housing Market and First Time Homebuyer Affordability Analysis by MSA Market Segmentation Analysis Minority and LMI Zip Code Distribution Analysis 10
11 Products Shamus : (Automated Compliance Risk Management System) LendingPatterns: (Used for industry analysis, benchmarking, fair lending and CRA analysis) The Racestimator : (Uses surname database and models to code race and gender where they are unknown) Geographic Information Systems (Mapping) 11
12 Other Activities Sponsor of Mortgage Lending Industry Strategic Markets and Diversity Conference Publish Reports: Annual Minority Lending Report Demographic Impact of Subprime Mortgage Meltdown Politics and the Subprime Mortgage Meltdown An Examination of Disparities by Congressional District, Political Party, Caucus Affiliation and Race 12
13 For More Information Contact: Maurice Jourdain-Earl or Michael Taliefero or
Build data-driven compliance solutions visit www.compliancetech.com
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