An effective fair lending audit can serve as an early warning mechanism to inform bank management of any apparent weakness within the bank’s fair lending program.  Ideally, it would confirm that the bank is following sound and equitable fair lending practices.  Regardless of the outcome, tackling a fair lending audit for the first time can be a daunting task at best. 

With the current industry concerns about subprime mortgage lending, risk-based pricing, and general underwriting concerns, performing a fair lending audit of your bank’s lending program becomes even more warranted.

This full day auditing seminar will provide vital regulatory background information, as well as involve a thorough discussion of the Interagency Fair Lending Examination Procedures.  These procedures were originally published in January 1999, revised in 2004, and revised again last year.  This seminar will be based on the 2009 procedures, to assure that your fair lending review work meets current standards.  In addition, the seminar manual will be tailored to provide useful fair lending audit checklists when back at the bank.

The seminar will include discussions of the various types of discrimination and will progress through the process of performing a fair lending audit.      

Seminar Topics

• Introduction to the risk-based fair lending examination
• Fair lending regulatory background
• Overview of associated discriminatory practices
• Setting the scope of a fair lending audit
  • Determining the intensity of the audit
  • Understanding credit operations
  • Evaluating the potential for discriminatory conduct
• Performing a compliance management review
• Fair lending audit procedures
  • Transactional underwriting analysis
  • Analyzing for potential disparate treatment in terms and conditions
  • Other fair lending examination review procedures
• Case studies

Who Should Attend
This seminar is primarily designed for internal auditors and compliance officers.  However, other bank loan staff may also find the seminar informative from a practical approach.

Although developed to apply theory as opposed to mathematical skills, it is recommended that students bring along a calculator to assist with basic computations during the case studies.

About Your Presenter - Bill Elliott, Senior Consultant and Manager of Compliance
Bill Elliott has over 30 years of banking experience. As a compliance consultant and manager of the compliance division with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews for all areas of compliance, conducting in-house training, and writing compliance articles and training materials.

During his career, Bill spent 15 years as a compliance officer and CRA officer in a large community bank, and also worked for a large regional bank.  He has been a lender for consumer, commercial, and mortgage loans, and has managed a variety of bank departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout.

Fees
The following fees include the program, materials, lunch and refreshments:

• $225 — IBA Members
• $155 — Additional IBA Members from Same Institution
• $450 — Non-Members 

The Agenda
8:30 a.m.      Registration
9:00 a.m.      Program begins
12:00 noon    Lunch (included)
1:00 p.m.      Program resumes
4:00 p.m.      Program adjourns

Location
IBA Center for Professional Development
6925 Parkdale Place
Indianapolis, IN 46254

The IBA Center for Professional Development is located on the westside of Indianapolis just off of I-465. From I-465 take the 38th Street West Exit (Exit 17). When you exit go west on 38th street. Turn north/right onto Eagle Creek Parkway and then east/right onto Parkdale Place. Our address is 6925 Parkdale Place, Indianapolis, IN 46254. Click here for a map and a list of local hotels.  Dress is business casual.

Confirmation/Cancellation
Everyone who registers online will receive an e-mail confirmation after the registration is submitted. Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations or absences which occur on the day of the program. Substitutions are welcome at any time.