ASR selected to assist with SAS Fair Banking implementation at major bank
Dec 15, 2007
ASR has been selected to assist with the implementation of the SAS Fair Banking solution at a very large nationwide mortgage lender. ASR was selected for this assignment based on past success implementing the SAS Fair Banking solution at a midsized morgage lender earlier this year. This will be one of the first implementations of latest version of SAS Fair Banking (version 8). The SAS Fair Banking solution provides a complete set of tools for self-assessing compliance with the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA). SAS Fair Banking enables mortgage lending institutions to effectively and efficiently collect, validate, store, isolate, aggregate, and report on loan data and loan application data. This enables financial institutions to better understand how their organization is performing based on the key compliance concerns behind HMDA and CRA. As a result, the institutions are able to meet the rigorous HMDA and CRA filing requirements with greater accuracy and timeliness. ASR will be working as a subcontractor to Zencos Consulting LLC and SAS on this engagement.