Assess whether a redlining pattern exists after controls (449027)

Situation

In a mortgage company after a pricing-regression spike, HMDA LAR validity and quality edits is the evidence after a HMDA resubmission that still fails quality edits. Exam-response coordinator has to pick Remove access or reverse the item or Temporary compensating control for this Fair Lending Examination and Notices close using HMDA LAR validity and quality edits.

Decision

Exam-response coordinator in a mortgage company after a pricing-regression spike must choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold using HMDA LAR validity and quality edits after a HMDA resubmission that still fails quality edits.

Hypotheses to test

• A HMDA resubmission that still fails quality edits is noise around an already-controlled Examination and Notices process in a mortgage company after a pricing-regression spike, given HMDA LAR validity and quality edits.
• A HMDA resubmission that still fails quality edits is the event in HMDA LAR validity and quality edits that forces Remove access or reverse the item for exam-response coordinator under Fair Lending.
• HMDA LAR validity and quality edits shows a one-file miss after a HMDA resubmission that still fails quality edits, not a Examination and Notices program failure.
• HMDA LAR validity and quality edits cannot decide a redlining pattern exists yet after a HMDA resubmission that still fails quality edits; hold is the only Fair Lending close a mortgage company after a pricing-regression spike can defend.

Analysis required

• Compare HMDA LAR validity and quality edits to similarly situated files, second-review notes, and reason codes after a HMDA resubmission that still fails quality edits.
• Flag any disparate-impact table exam-response coordinator cannot explain from HMDA LAR validity and quality edits.
• Test a documented exception versus a pattern a mortgage company after a pricing-regression spike must defend.
• For this Fair Lending Examination and Notices file, read HMDA LAR validity and quality edits against a HMDA resubmission that still fails quality edits and write the one fact that would move a redlining pattern exists for exam-response coordinator.

Recommendation

Choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold on this Fair Lending / Examination and Notices packet (HMDA LAR validity and quality edits after a HMDA resubmission that still fails quality edits). Lead with the Fair Lending option HMDA LAR validity and quality edits can support after a HMDA resubmission that still fails quality edits, then the two facts that force it, then the Monday action for exam-response coordinator in a mortgage company after a pricing-regression spike.