Helping your Lenders Navigate the Maze of 1071 Compliance
Join us for an interactive discussion as we navigate the 1071 compliance challenges throughout the lifecycle of a loan application. By attending this accelerated session, you will gain an understanding of the practical implications stemming from collecting and reporting business loan applications under one of the most complex data collection regulations since HMDA. We plan to emphasize the importance of leveraging technology and adopting robust compliance management systems to streamline processes and effectively meet these new burdensome regulatory obligations. We will also explore the potential fair lending implications arising from the data you report, as well as the importance of reviewing test data in advance of collecting it for mandatory reporting. Speakers will discuss workable ways to identify areas of risk and how to mitigate that risk.