Company Overview

Fair Lending Compliance Consultanting

Since 1992 Preiss&Associates, LLC has been providing a full range of risk management consulting services to financial institutions.

The firm performs custom fair lending risk assessments and regression analyses for small and large institutions; mentors institutions that request assistance in the fair lending risk assessment and modeling process, but choose to perform their analysis in-house; and collaborates with institutions that want to maximize the value of their statistical software.

Preiss&Associates is committed to satisfying the distinct needs of each client, regardless of size.

Analyses Performed

  • Risk Assessments
  • Intra/Inter Bank Redlining Analysis
  • REMA Redlining Analysis
  • Credit Decision & Price Monitoring™
  • Marginal Effects
  • Loan Servicing & Loss Mitigation Monitoring
  • Purchase/Sale Impact Analysis/Defense
  • Model Validation/Legal Defense

Products Analyzed

  • Mortgages
  • Direct/Indirect (Auto, Boat, RV, etc.)
  • Credit Cards
  • Student Loans
  • Commercial/Small Businesses
  • Overdraft Fees
  • Branch Locations
  • Consumer (HELOC, Unsecured, etc.)

Benefits of Working with Preiss & Associates

  • Uses statistical methods similar to regulators to analyze client data.
  • Identifies potentially-harmed applicants.
  • Produces matched pairs for manual review.
  • Promotes consistency in credit decision and pricing decisions.
  • Increases client productivity and cost savings through easy-to-use custom reports.
  • Reproducible for timely results, based on client need: quarterly, semi-annually, annually.
  • Debrief meetings explaining analysis results and suggested action steps.

Staff Experience & Qualifications

  • All client work is specified and reviewed by Rick Preiss, President and Founder
  • Client work is managed by Philip Preiss, Vice President – Consulting & Analytics; Candidate for MBA at University of Chicago Booth
  • Over 30 years of experience in fair lending modeling and analysis.
  • Extensive network of regulator relationships
  • Multiple articles published in ABA BankCompliance magazine.
  • Consistently presents at conferences across the county on a variety of fair lending topics.
  • Ph.D. in Economics with a specialization in Econometrics (Rick Preiss)
  • Post-doctoral work at Wharton Econometrics Forecasting Associates in Philadelphia, under Nobel Laureate, Lawrence Klein.
  • Combination of unique technical skills and practical business expertise positions Preiss&Associates to offer exemplary consulting services to clients.

For more information and a full discussion of how we can meet your fair lending monitoring needs, please contact Rick Preiss ([email protected]) at Preiss&Associates or fill out our Contact form and someone will give you a call at your convenience.

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