RiskExec has increased its security posture in light of the heightened regulatory scrutiny over Third-Party Risk Management for our clients. We have added the ability to enable and use Multi-factor Authentication during a RiskExec sign-on. If your institution is interested in this feature, please contact Chris Gray at email@example.com to receive more information.
When a user applies the Radius Tool in Maps to either draw a circle or highlight tracts within a radius of a specific location, they will now be able to view and download a Tracts Demographics Report. This is a list of all tracts that touch the radius that was drawn. As long as any portion of a tract is in the radius it will be included in the list. See the steps below:
Fair Lending and Redlining
When data is imported into either the Fair Lending or Redlining Module using the Dynamic Importer, the values for age, gender, race, and ethnicity will automatically be calculated for analysis purposes.
A user is now able to edit the title of a Fair Lending Analysis. To do so, they will select the analysis that they would like to edit and click the “Edit Analysis” button. A window will open up and allow the user to edit the Fair Lending Analysis name.
Now when setting up a Matched Pair Analysis, the user has the option to restrict targets based on regression results. This option is pre-filtered to only include analyses of the selected dataset. The user also has the option to select Type 1 or Type 2 outliers. In a Decisioning Regression, Type 1 outliers are those where the model predicts a positive outcome but the actual result was a negative outcome and vice versa for Type 2. In a Pricing Regression, Type 1 outliers are where the outcome was a record with a price higher than expected and Type 2 is where the price was lower than expected.
A new report has been added to the Peer Analysis module called Respondent Group Pricing. This report allows you to select up to four respondents from your group and the field(s) that you would like to view in a peer summary pricing report.
RiskExec has also added the following metrics to the Respondent Group Comparison report: MMCT, MBCT, MHCT, MBHCT, HMCT, HBCT, HHCT, and HBHCT.
Lastly, RiskExec has made an update to improve the speed by which the Rankings by Respondent and Disparity Indices reports are generated in the Peer Analysis module.
A User Report has been added to RiskExec. Individuals noted as an administrator for their institution in RiskExec will be able to access this report and download it. The report generates a list of active and inactive users, each user’s contact information, product access, system permissions, and object permissions.
RiskExec has also made an update to improve the speed by which the Disparity Indices reports are generated in the HMDA and CRA modules.