Core and system conversions present compliance risks related to data mapping, documentation management, disclosure timing, workflow changes, and reporting logic. TCA validates conversion execution from a compliance perspective to reduce downstream deficiencies and examiner findings.
We help financial institutions ensure accuracy, consistency, and compliance during system conversions by validating data, models, and outputs so risk is minimized and confidence is maintained throughout transition periods.
Validation Scope
Reviews may evaluate:
- Data mapping and field transformation
- Disclosure templates and timing
- Exception tracking logic
- Workflow alignment
- Reporting and system outputs
- Role permissions and access
- Retention and audit trail functionality
Pre- & Post-Conversion Testing
TCA supports institutions:
- Before conversion (readiness and risk mapping)
- During conversion (controls and testing)
- After conversion (validation and adjustment)
Why It Matters
System conversions influence:
- Lending workflows
- Pricing and underwriting
- Regulatory reporting
- Audit processes
- Data integrity
Additional Fair Lending Topics
Three Hot CRA Concerns
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Loan Servicing & Loss Mitigation Are Fair Lending Risks Too!
As we are all in this unusual time of a pandemic with various levels of lockdowns and social restrictions and the resulting economic downturn, unemployment and business closures, many financial institutions are trying to wade through processes on how to help their customer base through modifications, deferments, waiving of fees and loan proceeds for small […]
Do These Activities Qualify for CRA Credits?
COVID-19 has caused nationwide turmoil, including in the financial services industry. Banks have been flooded with inquiries regarding deferral of payments, modification of loan provisions and loan requests to keep businesses afloat. Many banks have asked TCA whether certain activities would be considered as CRA credits or qualified community development activities. The first of many […]
CRA Thresholds Announced for 2020
The annual CRA asset-size thresholds for covered financial institutions were announced on December 30, 2019 applicable for 2020. The cutoff adjustments are based on the change in the CPI (Consumer Price Index) for each 12-month period ending in November, rounded to the nearest million. As a result of the 1.62% increase in the CPI, the […]
CRA Public File Is No April Fools’ Joke!
April 1st is known as April Fools’ day, a time to play tricks and pranks. Some historians have noted that April Fools’ Day dates to 1582. It is speculated that the start of the new year had moved to January 1st and people who were slow to get the news and/or continued celebrating the new […]
CRA Asset-size Thresholds Announced for 2019
The annual CRA asset-size thresholds for covered financial institutions were announced on December 20, 2018 applicable for 2019. The cutoff adjustments are based on the change in the CPI (Consumer Price Index) for each 12-month period ending in November, rounded to the nearest million. As a result of the 2.59% increase in the CPI, the […]
