RiskExec, a subsidiary of Asurity Technologies, LLC, announced its fair lending analytics SaaS-based platform has been selected by Ironhorse Funding LLC. Ironhorse is a leading provider of innovative, full-credit spectrum finance solutions to enthusiasts and dealers in the motorcycle, powersports, RV and marine markets. Ironhorse will utilize the RiskExec platform to assist in achieving fairness throughout the consumer lending process.
Ryan Tobin, Ironhorse’s Director of Compliance said, “We chose the RiskExec platform because having access to real-time, out-of-the-box analysis of potential disparities in pricing and underwriting will help us further our commitment to maintaining fairness throughout our lending process. We evaluated other solutions and RiskExec’s features and capabilities truly stood apart from the rest and met all of our requirements.”
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RiskExec is a SaaS platform that helps lenders of all types — banks, mortgage companies, credit unions, auto finance companies, credit card issuers, and digital lenders — achieve fair lending compliance. RiskExec provides insights and analytics that enable its users to proactively monitor, measure, and manage their progress against regulatory compliance standards as well as their performance against self-defined organizational goals and objectives. This best-in-class solution quickly geocodes, runs edit checks, and utilizes statistical models to apply gender, race and ethnicity classifications to financial records for analysis and review.
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“We are excited and fortunate to have Ironhorse as a new partner,” said Dr. Anurag Agarwal, RiskExec’s president. “The regulatory environment is evolving quickly so it’s important for us to provide our clients with solutions that are innovative, scalable, and flexible, so that they can better serve their customers, remain compliant, and enhance their competitive edge in the marketplace.”
RiskExec’s Fair Lending solution has been adopted by a variety of auto and consumer lenders looking to increase efficiency across very broad loan portfolios, making it the industry-leading SaaS solution for Fair Lending Compliance.
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