Estimated Race/GenderWe employ the Bayesian Improved Surname Geocoding (BISG) method to estimate race probability. We use a first name database to assign gender.
Expected Rate ModelingBy analyzing your loan data we estimate the expected interest rate for each loan, controlling for origination time period and credit quality. We can then compare these results to actual rates charged to determine if potential discrimination exists.
Expected Approval Rate Modeling*For loan applications we calculate an expected approval rate for each applicant and then compare these results to actual approvals or denials.
SteeringOur steering ratios determine if there is comparative evidence of steering, or abnormal concentrations of disadvantageous products by prohibited basis groups.
Denial Ratio AnalysisFor loan applications, our software analyzes your denial (or approval) ratios, as well as time to decision metrics for potential discrimination.
Potential DiscriminationWe employ several statistical tests to analyze whether potential disparate treatment/discrimination exists in the form of pricing discrimination, steering, or approvals, and, where possible, highlight these situations with clear red, yellow, and green indicators.
- *Contact Visible Equity for current availability
Application Analytics - Credit Score: Days Within
You asked, we listened; similar to the Original Credit Score: Days Within functionality that exists in Loan Analytics, we now have the functionality within Application Analytics as well. We have heard from many of you that the day you pull credit and the day the application is originated is not a...
FASB Votes to Delay CECL
The Financial Accounting Standards Board (FASB) voted this week to delay CECL’s effective date for most financial institutions until January 2023. The proposed changes are subject to a 30-day comment period after which the FASB will finalize its proposal. Assuming the proposal is finalized, th...
Visible Equity Acquired by nCino
I’m writing to share some exciting news with you. Earlier today, a press release was issued announcing Visible Equity’s acquisition by nCino, the worldwide leader in cloud-banking. This is a strategic acquisition that we believe is transformational...