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#1600115 - 09/06/11 04:57 PM Fair Lending Comparative File Review
Luz Offline
Junior Member
Joined: Sep 2011
Posts: 47
When conducting a Comparative File review should you review loans that are sold on the secondary market or our reviews generally limited to loans that are portfolied due to the fact that they don't comply with investors' underwriting criteria and therefore are "exceptions" to policy?

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Lending Compliance
#1600217 - 09/06/11 07:29 PM Re: Fair Lending Comparative File Review Luz
Compliance Chick Offline
100 Club
Joined: Oct 2004
Posts: 192
New Orleans, La.
The review should not be limited to just the portfolio loans.
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#1600229 - 09/06/11 07:39 PM Re: Fair Lending Comparative File Review Compliance Chick
Dani York, CRCM Offline
Power Poster
Dani York, CRCM
Joined: Apr 2005
Posts: 3,663
TN
It will depend on what you are testing for. At some point you will want to test secondary market loans against portfolio loans to test for steering, etc.
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I can't herd the cats anymore, so I just set up the electric fences and let them fry when they stray out of bounds.

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