Clark Hill Member Joann Needleman quoted in Inside Mortgage Finance article
Clark Hill Member Joann Needleman was quote in a December 2019 article from Inside Mortgage Finance while discussing the benefits and risks of using alternative data in mortgage lending.
Needleman, who is based in Philadelphia, is the leader of the Clark Hill's Consumer Financial Services Regulatory & Compliance practice group.
“Regulators will need to provide a bit more guidance than simply stating it’s okay to use alternative data,” Needleman said in the article.
“With the use of alternative data, will a lender have to now turn over their analysis of the alternative data they used to the consumer? I see a great deal of risk exposure here.”
The full article, including more insight from Needleman, can be found on the Inside Mortgage Finance website. (Subscription may be required.)