RiskExec has recently been updated to include the following enhancements:

Redlining Module

Shortfall Metric

Previously, a Gap metric was released and added to the Volume, Peer, and Market tabs in the Redlining Analysis Results. The Gap column has been renamed to Shortfall.

Maps

Search by Latitude and Longitude

Users can now search RiskExec Maps using latitude and longitude.

1071 SBL Module

Disparity Indices Report

The Disparity Indices report has been added to the 1071 SBL module under Compliance reports.

Fair Lending

VIF Highlighting

The Variance Inflation Factor(VIF) was recently added to the coefficient tab in decisioning regressions.

This measure will now be highlighted when a variable has a value higher than 10. Recall that a large value for the VIF indicates a factor is highly correlated with other factors, however consideration of multicollinearity should be balanced by the requirement that fair lending models accurately reflect lender credit policies. This measure is of particular concern when it is identified on the indicator variable for membership in a prohibited basis group as it can indicate that the underwriting guidelines which were modeled in the regression appear to have a high correlation with membership in the protected class. When a VIF greater than 10 is indicated for any variable, it should be examined to see what value the specific factor contributes to the model.