The multidimensional skills necessary to conduct a matched paired side by side bias assessment is a highly technical, labor intensive and expensive chore. Using Shamus ComplianceTech advises institutions on the most effective ways to conduct matched pair discrimination testing and the appropriate use of descriptive and inferential statistics given each institutions' unique lending profile. In addition, Shamus allows users to capture the critical evidentiary elements used to bring mortgage discrimination lawsuits. Shamus has a tremendous reporting capability. It has the ability to pinpoint compliance weaknesses.
Users can also produce their own reports through performing free-form queries.
By utilizing ratio analysis techniques familiar in the fields of financial analysis, HMDA data comes to life as a compliance manager's tool. By utilizing ratio analysis techniques used in the fields of financial analysis, HMDA data comes to life as a tool to analyze the lending pattern of every lender in the United States. In addition, the program enables you to build custom groups of lenders for review. Most important however, is the that the reports are straight-forward, to the point, and easy to understand. Large and small lenders, community groups, researchers, banking regulators, politicians and others all have an interest in knowing more about home mortgage credit flows in out communities.