Regression and Statistical Analysis

Regression and statistical analysis are essentially ways to make sense of data, spot patterns, and predict potential outcomes (and your regulators know it, too). At Premier Insights, we can help you discover the actionable information hidden behind the raw numbers to reduce risk.

Regression and Statistical Analysis Case Studies

Fair Lending Monitoring

Premier Insights specializes in developing fair lending surveillance programs that emphasize risk and mitigation. Through focused, comprehensive monitoring and by leveraging technology, we ensure that our clients and partners not only comply with regulatory requirements but also proactively reduce emerging risks.

Your Risk Management Experts

At Premier Insights, we provide benefits to the entire organization, from executives to compliance and marketing teams. We're experienced in working with and supporting various professionals including IT experts, legal counsel, law firms, and other consultants. Plus: our cloud-based Radiant software system enables clients to utilize our insights, analytics, and policy expertise more quickly and effectively. Request a demo today to see how it can streamline your institution’s risk management.

 

Lending Policy Optimization

Fair lending challenges sometimes stem from flawed or outdated loan policies. Many banks hesitate to change policies due to uncertainty and potential impacts on their business model, while others may disregard policies on occasion to facilitate lending decisions. Others avoid definitive policy guidance all together because they feel it limits flexibility. All of these are recipes for disaster in terms of fair lending compliance. At Premier Insights, our team uses a holistic approach to policy formulation, analyzing data to balance efficiency with risk to create managed flexibility for business-friendly risk management.

Lending Policy Case Studies

Program Review and Audits

Premier Insights offers systematic data-driven analysis to review and audit your entire fair lending program, ensuring its integrity, effectiveness, and compliance with current and potential policies. Our approach involves transforming raw lending data into a comprehensive narrative of compliance and risk through data analytics. We utilize statistical modeling, data validation, and risk assessment techniques to thoroughly examine lending practices, identify potential disparities, and ensure adherence to regulatory standards such as the Equal Credit Opportunity Act (ECOA) and Fair Housing Act (FHA).

Our review process incorporates an assessment of all policies, procedures, and controls from a data analytics perspective, including analysis of audit trails or monitoring logs to confirm consistent application of fair lending oversight. Additionally, statistical tests are employed to evaluate the effectiveness of training and monitoring programs by correlating them with lending outcomes over time. The combination of rigorous statistical analysis and our regulatory experience empowers institutions to address issues proactively, withstand regulatory scrutiny, and consistently promote compliant lending practices.

Program Review and/or Audits Case Studies

Managing CRA & Fair Lending Risk

Regulatory and enforcement agencies now have access to data that was previously obtainable only through the regulatory review process. This enhanced access significantly improves their analytical capabilities, thereby heightening CRA and fair lending risks for financial institutions. At Premier Insights, we assist our clients in mitigating these risks while ensuring compliance with regulatory standards and maintaining profitability. Our expertise includes collaborating with internal teams and legal counsel, enabling us to adeptly guide both parties through continually evolving regulatory requirements.

Community Credit Needs Assessment

Conducting a community credit needs assessment involves a comprehensive evaluation of the credit requirements within a specific community, particularly focusing on low- and moderate-income (LMI) and minority communities and populations within a bank’s market area. We specialize in conducting thorough community credit needs assessments. Our team of experts utilizes advanced data analytics and regulatory knowledge to evaluate your consumer landscape, ensuring that your institution is meeting the credit needs of the communities you serve. By partnering with us, you can enhance your service offerings, ensure compliance with regulatory expectations, and better serve LMI and minority populations. Whether addressing a regulatory directive or getting ahead of the curve, contact us today to learn how our expertise and experience can work for you.

Community Credit Needs Assessement Case Studies

Regulatory Forensics

Regulatory forensics involves defending against allegations of discrimination as well as remediating claims of unfair treatment regarding fair lending and other compliance issues. Often, a claim of discrimination can be successfully defended by appropriate and insightful analysis of data, in which case Premier draws upon its experience and expertise. In other cases, remediation may be demanded, which involves complex financial remuneration. Premier Insights excels in both aspects, providing thorough investigation and analysis to identify any disparities or biases, and developing corrective actions to prevent future occurrences. By partnering with us, financial institutions can confidently navigate regulatory scrutiny, resolve disputes, and promote fair lending practices.

Regulatory Forensics Case Studies

FAIR LENDING BLOG INSIGHTS

Fair Lending , Compliance

Compliance Collaboration: Weaving it into the Bank's DNA

In the complex and heavily regulated banking sector, achieving and maintaining compliance, while also effectively mitigating risks, demands a deeply...

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Fair Lending , CRA , Data Analysis , Risk Management

Mitigating Fair Lending Risks: Essential Strategies for All Banks

In the current regulatory landscape, financial institutions are subject to ongoing scrutiny concerning fair lending practices. This scrutiny may...

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Fair Lending , Statistical Analysis , Community Credit Needs Analysis

Understanding Community Needs: How a Housing Analysis Can Inform Lending Institutions

Lending institutions play a critical role in the economic health of the communities they serve. The bank regulations and regulators understand this...

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Your data has a story to tell.

In fact, your data has many stories to tell—if you know how to find them. We can to do that for you, and we'll include as much detail as possible. Contact us today to find out how we can help you.