RiskSummit 2010 Agenda

The following agenda—listing confirmed presenters only—is accurate as of July 21st, 2010. The online agenda will be updated regularly as additional speakers and panel members confirm, so please revisit this page often as the conference start date approaches:

Sunday, July 25, 2010

Monday, July 26, 2010

Tuesday, July 27, 2010

Sunday, July 25, 2010


  • 12:00 - 6:00 PM—Conference Registration

Data & Analytics Solutions: Practical Applications

  • 1:00 - 6:00 PM—Data & Analytics Solutions: Practical Applications

    Designed to help you explore and understand the real-time application of CoreLogic’s Data & Analytics solutions, this progressive afternoon program is intended for both new and current solution users. You will quickly understand how our data and analytics can be integrated into your current operations. You’ll also be updated on the most important enhancements recently added and on our roadmap for the next six months and have the opportunity to provide feedback. In addition, solution subject matter experts will be available to answer specific questions and conduct personalized solution demonstrations throughout the afternoon.

    Track A - Credit Risk Solutions

  • 1:00 – 1:30 PM—Credit Risk Data and Solutions Overview

    • Damien Weldon, VP, Credit Risk Products and Analytics, CoreLogic
    • Leslie Meyer, Director, Data Repository Solutions, CoreLogic

    • Building analytics on an unrivaled set of data assets
    • Meeting our client’s needs: our solutions in action
    • Fast-turnaround custom data fulfillment
    • Innovating for tomorrow’s market dynamics
  • 1:30 – 2:00 PM—Mortgage-backed Securities Information

    • Patrick Kiser, Senior Product Manager, TrueStandings Securities, CoreLogic
    • Nandini Chowdhury, Product Manager, TrueStandings Securities, CoreLogic

    • New, deeper and wider data availability: loan-level TrueLTV, Intex mappings and credit bureau data
    • Latest enhancements in TrueStandings Securities
    • CoreLogic’s new loan-level Securities data platform
  • 2:00 – 2:30 PM—Mortgage Portfolio Information

    • Karen Tam, Senior Product Manager, Contributed Data, CoreLogic

    • CoreLogic’s first lien and HELOC performance databases
    • Using data aggregation tools to understand portfolio risk
    • New data analysis capabilities
  • 2:30 – 3:00 PM—Real Estate Information

    • Julian Grey, Senior Product Manager, Real Estate Analytics Products, CoreLogic
    • Tara Bleakley, Product Manager, Real Estate Analytics Products, CoreLogic

    • Bringing it all together: a holistic view of local and regional real estate data
    • HPI and HPI 24 Month Forecast: past, present and future housing price trends
    • Monitoring Regional Trends: identifying local dynamics using MarketTrends and ValueTrends
    • Valuing individual properties using HPI Valuation Engine
  • 3:00 – 3:15 PM—Break

  • 3:15 – 4:00 PM—Consumer Credit Information Panel

    • Richard Lombardi, VP, Data Solutions & Licensing, CoreLogic
    • Dina Anderson, VP, Capital Markets, TransUnion
    • Celcia He, Director of Analytics, Capital Markets, Experian
    • Afshin Goodarzi, Managing Director, Mortgage Analytics, Equifax

    • Enhancing loan-level data with borrower information
    • Consumer credit data and scores – what is the industry’s experience?
    • Risk predictions using loan-level consumer credit data
    • Future applications and solutions
  • 4:00 – 4:30 PM—Default and Loss Mitigation Analysis

    • Tom Showalter, VP, Advanced Analytics, CoreLogic

    • Strategic vs. stress default - what are the drivers and why?
    • Principal reductions - will they work, with whom and why?
    • Purchasing loan modification performance - yes, it really is for sale!
    • The hidden costs of low redefault rates in loan modification
    • What are the costs of modifying the "wrong" borrower?
  • 4:30 – 5:00 PM—Risk Management Solutions

    • Michael Saccento, Senior Product Manager, RiskModel, CoreLogic
    • Emily Grimm, Product Manager, RiskModel, CoreLogic

    • RiskModel overview including market dials, custom calibrations and performance monitoring
    • Second lien calibration case study using first lien data sourced from pubic record information and lender contributed data
    • RiskModel v4.3.1 and v4.4: Intex ramp report builder, new Alt-A credit and prepayment models and new HPI Simulator
  • 5:00 – 5:30 PM—Bond Pricing Solutions

    • David Stinner, VP, Analytical Sales, CoreLogic
    • Stephen Pennington, Senior Director, Bond Analytics Solutions, CoreLogic

    • Enhancing the control of bond cash flows based on delinquency pipelines
    • RMBS portfolio reporting with loop-back features enabling transition matrices updates based on loan modification type
    • Case study: ABX 07-1 analysis
  • 5:30 – 6:00 PM—Advisory Services

    • Brendan Keane, SVP, National Accounts, Advisory & Valuation Services, CoreLogic
    • Brett Benson, VP, Advisory & Valuation Services, CoreLogic

    • Whole loan pricing – the speed, flexibility, and granularity necessary to price whole loan pools
    • Integrating servicing solutions into trading whole loan pools and RMBS
    • Uniting credit and property data for trading and servicing distressed assets
    • OTTI and related valuation analysis – triangulation of market pricing, model output, and accounting concerns

Track B - Collateral, Valuation, Fraud and Geo-Spatial Hazard Risk Solutions 

  • 1:00 – 1:30 PM—Collateral Risk Solutions

    • Felice Kesselring, Director, Collateral Risk Products, CoreLogic

    • CoreScore and LoanSafe Collateral Manager
    • General introduction to the tools and typical usage
  • 1:30 – 2:00 PM—Borrower Risk Solutions

    • Trevor Rodgers, Product Development Manager, CoreLogic

    • Introducing OwnerConnect
    • Applications for forensic reviews and default management
    • New insights into credit worthiness
  • 2:00 – 2:30 PM—New Frontiers in the use of MLS Data

    • Jim Portner, VP, Product Management, CoreLogic

  • 2:30 – 3:00 PM—REO and Short Sale Surveillance

    • Felice Kesselring, Director, Collateral Risk Products, CoreLogic

    • REO surveillance + MLS data
    • Short sale fraud research results
    • Use of consortium data to combat short sale fraud
  • 3:00 – 3:15 PM—Break

  • 3:15 – 4:15 PM—Fraud Detection Analytics Solutions

    • Frank McKenna, VP, Fraud Strategy, CoreLogic

    • Find out how CoreLogic is using data and analytics to Improve Mortgage Fraud Detection
    • Find out what CoreLogic is doing to build a Mortgage Fraud Consortium
    • Get a glimpse into some of the recent fraud trends based on historical and current data patterns
    • Understand how CoreLogic is using Pattern Recognition technologies to learn from historical patterns of fraud in the data to predict current and future fraud
    • See examples of early testing of the new fraud detection models
  • 4:15 – 5:00 PM—Geo Spatial Hazard Risk

    • Tom Jeffery, Senior Hazard Scientist, CoreLogic

    • The importance of identifying brushfire, storm surge, earthquake and other types of hazard risk at a high level of granularity
    • Parcel level data and the significance of geo-locating addresses at the parcel level
    • Bringing together risk assessment and parcel level geocoding to evaluate hazard risk at the highest level of granularity
    • Hazard risk at the parcel level – turning data into valuable information
  • 5:00 – 5:30 PM—AVM Cascade Solutions

    • Russell Hughes, Economist, CoreLogic
    • Michael Bradley, VP, Analytics, Mortgage Analytics & Economics, CoreLogic

    • New Frontiers for Blending AVMs and evaluating cascades
  • 5:30 – 6:00 PM—State-of-the-Art Due Diligence Services

    • Mark Hughes, VP, Due Diligence Solutions, CoreLogic

Welcome Reception

  • 7:00 to 9:30 PM—Opening Reception and Dinner Buffet

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Monday, July 26, 2010


  • 6:45 - 7:45 AM—Buffet Breakfast
  • 6:45 - 12 Noon—Conference Registration

General Sessions

  • 8:00 – 8:15 AM—Welcome Address and Opening Remarks

    • Jim Reynolds, SVP, Global Capital Markets, CoreLogic

  • 8:15 – 9:15 AM—Keynote

    • Lou Dobbs, Political Commentator, Lou Dobbs Radio and Author, Exporting America, War on the Middle Class and Independents Day: Awakening the American Spirit

  • 9:15 – 10:00 AM—Mid-Year Economic Outlook

    • David Berson, PhD, SVP, Chief Economist and Strategist, The PMI Group, Inc.
    • Mark Fleming, PhD, Chief Economist, CoreLogic

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Track Sessions 

  • 10:10 – 11:00 AM—The Future of Securitization—Life During Reform

    2010-2011 may be make-or-break for securitization, since the only alternative seems to be endless market uncertainty. Is securitization fatally flawed or can standardization, better risk management and increased transparency rescue it? Who will issue in this environment?

    • Jim Fratangelo, VP, Whole Loan Sales & Acquisitions, Bayview Financial

    • Brett Nicholas, EVP/CIO/COO, Redwood Trust
    • Garry Cipponeri, Managing Director, Chase Home Finance
    • Sean Dobson, CEO, Amherst Securities

  • 10:10 – 11:00 AM—Negative Equity—Guarding Against Strategic Default

    One of the most unsettling revelations of the crisis is how significant hidden behavioral influences have become -- how seemingly well-intended governmental programs, for example, can undermine the value of assets, especially with borrowers increasingly savvy and nuanced in their management of mortgage payments and overall debt burdens. This session explores proactive strategies for gauging anfd guarding against strategic default.

    • Jim DePalma, President, Team Loan Servicing (Arbor Securities)

    • Laurie Goodman, Senior Managing Director, Amherst Securities
    • Kevin Cloyd, EVP, Prospect Mortgage
    • Fred Bader, SVP, Wells Fargo Home Mortgage, Wells Fargo Bank NA

  • 10:10 – 11:00 AM—The Challenges and Regulatory Environment Facing the Future of Risk Modeling

    Despite mark-to-model’s negative role in the credit meltdown, the science of risk modeling continues to advance in the usage of quality data, model sophistication, and ease of analytics management—making it an increasingly important and trusted part of the effort to “open up” securitization. This is no longer an option for most lenders but will become a regulatory requirement as an outcome of the legislative process. This session looks at current predictive analytics for borrower credit, mortgage prepayment, and loan default.

    Damien Weldon, VP, Credit Risk Products & Analytics, CoreLogic

    • Alan Neale, Senior Manager, Secured Lending Oversight, Citi
    • John McMurray, SVP, Chief Risk Officer, FHLB Seattle
    • Andrew Davidson, President & CEO, Andrew Davidson & Co.

  • 11:10 – 12 Noon—Valuation Doesn’t All Roll Downhill—It’s All About the Real Estate

    Although a declining real estate market made hash of the “home prices never go down” assumptions behind mortgage-backed securities—and their derivatives—the actual declines in securitized asset values are often significantly milder than feared. But how to know from day to day? This session examines a new generation of dynamic, cascading AVM solutions that simplify and automate collateral and whole loan valuation monitoring.

    • Susan Allen, VP, Collateral Solutions, CoreLogic

    • Tony Pistelli, Chief Retail Appraiser, Consumer Banking Risk Management, US Bank
    • Michael LaCour-Little, Professor of Finance, Director, Real Estate & Land Use Institute, California State University, Fullerton

  • 11:10 – 12 Noon—HPI Econometrics—Getting the Numbers Right in a Cynical World

    In the post-crisis economic confusion, real estate and securitization professionals have questioned every measurement methodology that played any role whatsoever in the meltdown. HPI econometrics have undergone rigorous scrutiny, both for accuracy and transparency. This session unpacks the latest HPI econometrics, the research behind them, modeling decisions that affect them, and new HPI prediction capabilities.

    • Mark Fleming, PhD, Chief Economist, CoreLogic

    • Chris Flanagan, Managing Director, Head of US Mortgage & Structured Finance Research, Banc of America Securities LLC
    • Lakhbir Hayre, Managing Director, CitiGroup Global Markets
    • David Berson, PhD, SVP, Chief Economist and Strategist, The PMI Group, Inc.

  • 11:10 – 12 Noon—Seeking Real Transparency—Forensics, Due Diligence, or Both?

    Is real transparency possible in a world of fiercely competing economic interests and pervasive distrust of authority? Or is the better question: is such a world possible without it? At any rate, transparency, real or not, is coming fast. This session explores ways to ease the transition to new levels of transparency, including forensic diligence, reps and warrants analytics, and automated whole-loan valuation tools.

    • Mark Hughes, VP, Due Diligence Solutions, CoreLogic

    • Trenton Staley, President, Global Financial Review, Inc.
    • Mimi Grotto, Managing Director, Mission Capital
    • Kevin O'Hare, Managing Director, FTI Consulting
    • Robin Auerbach, President & CEO, EdgeMAC

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Monday Afternoon


  • Noon – 1:00 PM—Deli Lunch

Recreational Activities

  • 12:30 PM—Golf Shotgun
  • 12:45 PM—Sailing, Biking, Kayaking
  • 1:00 PM—Tennis
  • 1:00 - 5:00 PM—Spa

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Monday Evening

  • 7:00 - 10:00 PM—Reception and Dinner

Tuesday, July 27, 2010


  • 7:30 - 8:30 AM—Breakfast

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General Session 1

  • 8:30 – 9:15 AM—Let’s hear it from the Researchers

    • Glenn Costello, Managing Director, Fitch Ratings

    • Laurie Goodman, Senior Managing Director, Amherst Securities
    • Dick Kazarian, Roosevelt
    • Rod Dubitsky, EVP, Global Finance Structure Specialist, Pimco
    • Chris Flanagan, Managing Director, Head of US Mortgage & Structured Finance Research, Banc of America Securities LLC

General Session 2

  • 9:15 – 10:00 AM—Let’s hear it from the Traders

    • Patrick Bassett, Senior Vice President, Corporate Trust, Wells Fargo Bank NA

    • Dave Reedy, SVP, Head of Whole Loan Trading, Ranieri Partners
    • Steve Katz, CIO, Whole Loan/ABS Trading, Arbor Securities
    • David Wells, Senior Capital Markets Specialist, FDIC
    • Ron Mass, Head of Structured Products, Wamco
    • Peter Barkey, CIO, Roosevelt
    • Sean Dobson, CEO, Amherst Securities

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Track Sessions

  • 10:10 – 11:00 AM—Triaging Distressed Assets—Picking the Right Servicing Swim Lane

    The very public tug of war between Washington and the servicing industry has done more than bruise feelings and jeopardize bottom lines. It’s inspired a new generation of servicing triage tools designed to help servicers understand the real status of distressed borrowers quickly and accurately—then determine the appropriate swim lane for them going forward: loan modification, short sale, or foreclosure.

    • Phil Comeau, President & CEO, The Phillip E Comeau Company

    • Jim DePalma, President, Arbor Securities
    • Laurie Maggiano, Director of Policy, Homeownership Preservation Office, US Department of The Treasury
    • Dennis Stowe, President & CEO, Residential Credit Solutions

  • 10:10 – 11:00 AM—New Developments in Pricing Analytics—Lifting the Curtain on Portfolio and Bond Valuation

    Long the province of back-room finagling, the pricing of whole loans and mortgage-backed securities is now entering the era of transparency, a state likely to become the default condition for a restored investment marketplace. This session will focus on new portfolio and bond pricing analytics—and supporting strategies—that incorporate deal libraries and produce verifiable real-world valuations.

    • Brendan Keane, SVP, Advisory and Valuation Services, CoreLogic

    • Michael Dubeck, Managing Director, Hudson Capital Advisors
    • Dave Akre, Managing Director, LoanMarket
    • Frank Deutschmann, President, Novolytix

  • 10:10 – 11:00 AM—Meet Your New, Not-So-Silent Partner—the US Government

    Despite misgivings in some political quarters, the government’s blanket bailout of the US economy already includes many strings—and may soon include many more: rules and regulations designed to protect the huge taxpayer investment. This session examines our major new mortgage industry partner, dissects the massive government undertaking, introduces new players, defines new roles, and explores new accountabilities.

    • Rob Gaither, SVP, Consumer Credit Risk Management Executive, Bank of America

    • Mark Hanson, Vice President, Mortgage Funding, Freddie Mac
    • Theodore Tozer, President, Ginnie Mae

  • 11:10 – 12 Noon—International Securitization--What Can We Learn from Their Approach to RMBS?

    The international securitization market seems to be recovering faster than ours. Although their new securitization rules vary—and are still in flux—certain common attributes have emerged: simple structures, high-quality collateral pools, high-quality originators and servicers, low leverage, low counterparty risk, low extension risk. This session explores new tools helping speed the recovery abroad and their potential uses here at home.

    • To be determined

    • Stefania Perucci, CEO, New Sky
    • Chris Green, Group Executive, Perpetual Ltd
    • Sam Gianniotis, Acting Chief Risk Officer, Genworth Australia
    • Dori Daganhardt, General Manager, Value Risk Solutions, CoreLogic

  • 11:10 – 12 Noon—Regulatory and Accounting Changes—Light at the End of the Tunnel or Oncoming Train?

    Confusion around the latest FASB 157 fair-value and OTTI guidelines and proposed mark-to-market standards offers some unexpected opportunities amidst the thorny potential burdens on originators and investors. Although intended to increase transparency, the uncertain applicability of some FASB changes—and the ongoing mystery of impairments—leaves room for innovation that this session will explore.

    • Michael Lau, EVP, Phoenix Capital

    • Susanna Kondracki, SVP, RiskSpan
    • Michael Schmitz, Principal, Milliman
    • Peter Taglia, VP, FTN Financial Capital Assets

  • 11:10 – 12 Noon—Taking Control of Borrower and Collateral Fraud—It’s No Longer Less than 1%

    The recent Justice Department sweep of more than 1,200 mortgage fraudsters identified $2.3 billion in losses nationwide, the largest white collar crime spree in US history. The successful arrests were made possible partly by sophisticated new fraud pattern-recognition tools able to analyze overlapping data streams and spot even brand new fraud scams. This session examines the robust analytics driving this technology.

    • Frank McKenna, VP, Fraud Strategy, CoreLogic

    • Marianne Sullivan, VP, Fannie Mae
    • Arthur Prieston, Chairman, The Prieston Group
    • Michael Mazanec, Director, Fraud Prevention, Citi

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Tuesday Afternoon


  • 12:00 Noon – 12:30 PM—Deli Lunch

Analytic Solution Intensives

An opportunity for more in-depth discussion and feedback, these Intensives, designed for analytics professionals and management, dive more deeply into the analytics, modeling methodologies and solutions built for clients by CoreLogic experts.

Track I

  • 12:30 - 1:45 PM
    • Introducing Vector Securities: CoreLogic’s new loan-level data analysis and reporting platform

      • Patrick Kiser, Senior Product Manager, TrueStandings Securities, CoreLogic
      • Nandini Chowdhury, Product Manager, TrueStandings Securities, CoreLogic

      • Platform overview and design
      • LoanPerformance Securities and Servicing data integration
      • Demonstration and walk-through
      • Future development and roadmap
  • 1:45 - 3:00 PM
    • Best-in-class bond pricing using CoreLogic bond analytics solutions

      • Stephen Pennington, Senior Director, Bond Analytics Solutions, CoreLogic

      • Portfolio reporting and portfolio ordering based on value given yield
      • Loan modifications reporting including additional dial controls based on modification status
      • Financial guaranty analysis and financial guaranty tranche behavior
      • Intex data integration for principal and interest advances and user-defined vectors

Track II

  • 12:30 - 1:45 PM
    • Changing the paradigm: the essentials of portfolio analysis in today’s market

      • Michael Saccento, Senior Product Manager, RiskModel, CoreLogic
      • Karen Tam, Senior Product Manager, Contributed Data, CoreLogic
      • Michael Roginsky, Senior Director, Credit Risk Analytics, CoreLogic
      • Matt Cannon, Senior Economist, CoreLogic
      • Nicolas Rumigny, Senior Credit Risk Analyst, CoreLogic
      • Chao Cong, Senior Credit Risk Analyst, CoreLogic

      • A new perspective on servicing data: enhancing traditional modeling datasets
      • Alternative modeling techniques for portfolio risk assessment
      • Building better default and prepayment projections
  • 1:45 - 3:00 PM
    • Real Estate trends and dynamics across diverse and volatile markets

      • Julian Grey, Senior Product Manager, Real Estate Analytics Suite, CoreLogic
      • Tara Bleakley, Product Manager, Real Estate Analytics Suite, CoreLogic
      • Kevin Gillen, Senior Housing Economist, CoreLogic
      • Molly Boesel, Senior Economist, CoreLogic

      • Regional real estate modeling and HPI forecasting—identifying market types, risk/return profiles and housing cycles
      • Practical applications and case studies in HPI simulation
      • Optimal selection of housing price indices using the HPI Valuation Engine

Track III

  • 12:30 - 1:15 PM
    • The ugly duckling of the 4 C’s of risk assessment (Credit, Capacity, Collateral, Credit) – Collateral Risk Management

      • Katie Dobbyn, Senior Economist, CoreLogic
      • Michael Bradley, VP, Analytics, CoreLogic

      • What is Collateral Risk and how is it operationally defined relative to the other three C’s
      • How is Collateral Risk complimentary to traditional Credit Risk—How well do your existing models capture the collateral?
      • It’s all in the numbers—How well do Collateral Risk Scores work
      • A practical application—How does Collateral Risk fit into existing operational procedures
  • 1:15 - 1:45 PM
    • What is A Value—An Interactive Exercise?

      • Jon Wierks, Senior Director, Collateral Solutions, CoreLogic

      • Bringing it all together—Buy your own slice of heaven. Bid on an REO property in New Jersey using various valuation methods and risk tools.
  • 1:45 - 3:00 PM
    • Estimating the risks and increasing the returns on “at risk” mortgage assets with WillCap Behavioral Technology

      • Tom Showalter, VP, Advanced Analytics, CoreLogic

      • Identifying loans for pre-emptive action
        • For example, accurately identify potential Strategy Defaulters (in advance of default) so that appropriate actions can be taken
      • Determining where, when and why to discount principal
        • Identify those borrower’s who would or would not be responsive to principal reduction (CLTV effect)
      • Increasing borrower retention through loan modification
        • Identify borrowers most likely to succeed at loan modification and determine the terms that will ensure borrower retention for a specified period
      • Increasing net returns of asset disposition
        • Customize price to market; maximize returns, while minimizing time on market


  • 3:00 PM—RiskSummit 2010 Closes

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For More Information
If you have any questions about the 2010 LoanPerformance RiskSummit, please contact us by email or by calling (415) 536-3525.