Good Morning,I work for a bank/mortgage lender and am currently transitioning roles to help develop their fair lending program. I'm more accustomed to the mortgage lending space but this program is being built up across-the-board. I'm hearing terms like CRA and REMA (which, I admit, I'm not familiar with on a granular level), and discussing reporting requirements for the program.
If anyone has any insights regarding structuring the program framework, policy and procedure requirements (including reporting and/or reporting tools or platforms), or any other helpful tips, I'd love any feedback you can provide.
Thank you in advance!
Ralph D. Carter, FLE
Director of CDFI, Fair Lending and CRA Officer