Fair Lending & Loan Pricing Discretion
Be sure to JOIN US on January 21, 2021, for our Fair Lending webinar.
Does your financial institution allow your lenders any form of discretion when it comes to pricing and/or underwriting loans?
It’s very common for lenders to make exceptions to loan policy, deviate from the rate sheet, etc. and there’s nothing wrong with doing so as long as it lines up with your Board and Management’s risk appetite. The other key is that you mitigate and manage the Fair Lending risk associated with allowing discretion. So, what does that mean?
Listen to Jerod explain more
See the full Fair Lending Training Library here!
Published
2021/01/12
Jerod Moyer
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!