Easily identify potential risks and immediately take corrective action to remedy unfair lending practices
An easy-to-use solution with real-time updates and improved analytics gives compliance professionals a single platform to minimize fair lending risk.
Fair Lending Wiz is a complete fair lending management solution that analyzes, verifies, and documents an institution’s compliance with all fair lending regulations. The solution delivers robust analyses that allow easy identification of potential risks in order for a lending institution to remedy unfair lending practices.
Demonstrate commitment to achieving full compliance with fair lending laws and regulations
Increase the accuracy of fair lending data, decrease the time spent processing data, and streamline workflow processes
Proactively address problems in policy or procedures before they damage the institution
Explore the training options available and unlock the potential of the Wiz® software. Wolters Kluwer offers instructor-led training, teleconference training, e-Learning packages, or a combination of these options to best fit your needs.
Risk scorecard report
The Fair Lending Risk scorecard will help pinpoint areas within Underwriting (Decision), Pricing (Rate), and Marketing (Redlining) to begin fair lending risk analysis.
Regression and comparative file review
Regression analysis is an industry standard practice that helps in assessing whether there is a statistically significant pattern of protected class borrowers receiving different pricing or approval decisions than non-protected class borrowers after controlling for the effects of differences in legitimate loan application characteristics.
Comparative file review
Comparative file review allows users to locate denied protected class applicants or protected class applicants who were charged a higher price or received a different credit decision than similarly situated applicants quickly and efficiently.
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Small Biz Wiz®
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easy to use and easy to integrate into a financial institution’s data collection processes.
HMDA Wiz®
The solution automates your collection, verification and certification of HMDA data without increasing loan processing time or the need to retrain staff. This eliminates endless hours of time required for manual data clean up.
Begins November
17
Conference
Compliance
CRA & Fair Lending Colloquium
November 17, 2024 - November 20, 2024
Championsgate, Florida
Join Wolters Kluwer for the 2024 CRA & Fair Lending Colloquium with over 1,000 compliance professionals, regulators and other industry experts.
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CRA Wiz support
Ordering and Billing Support
Phone: 800-261-3111 and choose option 3 for Sales or 7 for Billing.
Technical Support
Phone: 800-261-3111 and choose option 1 for Wiz® Technical Support, then option 1 for CRA Wiz®.
Wiz newsletter
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