Professional Documents
Culture Documents
Training new and existing employees on an annual basis with regards to the fair lending laws
and regulations
The training includes a detailed, informative PowerPoint and follow up quiz
Distributing a fair lending brochure that contains extensive background on fair lending rules and
government regulatory agencies to every employee in VanDyk bi-annually
In order to ensure that loans are priced fairly, VanDyk follows the following procedures:
Monitor loan pricing for compliance with fair lending laws
Test loans to confirm that the pricing and fees do NOT exceed HOEPA thresholds
Company Oversight of Fair Lending within VanDyk, each production channel has regular fair
lending meetings with senior executives with oversight responsibilities, including VanDyk's
Corporate Fair Lending Officer.
VanDyk has its own weekly fair lending team meeting to discuss the status and cause of any fair lending
complaints, fair lending training efforts, progress against the fair lending plan, and data trends and
analysis.
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Rev. 11.8.13