Navigating the New Normal

As the economy lifts, quantitative easing fades, and the housing market gains strength, regulatory and political confusion plagues the emerging mortgage marketplace. Everyone—from issuers to investors, bankers to originators, servicers to regulators—is playing a frustrating guessing game about simply how to conduct business.

RiskSummit 2015 will put you at the apex of industry discussion on cutting through this confusion to spot the most effective and trustworthy solutions. Plan to join industry, academic, and government leaders at the St. Regis Monarch Beach in Dana Point CA on July 26th for three exciting days of undergrowth clearing, relationship building, and problem solving.

RiskSummit 2015 Keynoters—Three Leading Economists

This year’s RiskSummit keynote speakers have the credentials and expertise to provide both theoretical and real-world answers to questions such as what economic principles underlie the “new normal” mortgage environment, and what guideposts can you follow.

Robert ShillerMark ZandiEdward Glaeser

Keynoters (left to right):

  • Robert Shiller, 2013 Nobel Laureate in Economics and co-creator of the repeat-sales model behind the nation’s leading home price indexes
  • Mark Zandi, widely respected chief economist at Moody’s Analytics
  • Edward Glaeser, Harvard economics professor and a leading urban economist

These three experts will explore the current market moment—focusing on the impact of post-recession duress on mortgage finance, the thinking behind resulting mortgage policies, and the real risks and benefits of government efforts to restore industry stability and growth.

Their joint RiskSummit 2015 keynote will provide actionable insight into the principles and guideposts you need to manage the policies, politics, and dynamics of the emerging market.

2015 RiskSummit - July 26-28

An Unrivaled Experience

RiskSummit has been an essential annual retreat for industry leaders for more than two decades, enabling them to meet informally in a collegial atmosphere to analyze the current marketplace and debate its likely future direction. This year’s RiskSummit is divided into three areas of focus—mortgage, capital markets and insurance—although the event itself is wide open for attendees. Choose sessions/events at your discretion and get to know whatever and whomever you want.

To learn more about RiskSummit 2015 and how to enjoy it, please click on the links below:

Registration 

The RiskSummit 2015 registration price is $895. To get it you must commit to staying at least two nights* at the St. Regis Monarch Beach, but that will also help you save money—the St. Regis nightly rate for RiskSummit 2015 attendees is $265 to $515, considerably less than normal rates. To get these rates, call the St. Regis Monarch Beach at (800) 722-1534 (ask for the CoreLogic RiskSummit 2015 rate) or go to the hotel’s online booking page.

* Southern California registrants exempt from hotel-stay requirement.

RiskSummit 2015 Fees 

We strongly recommend you register as early as possible:

Registration $895 (ask us about special customer pricing)

Fee includes admission to all sessions and workshops, Sunday evening reception and dinner, Monday breakfast and lunch, Monday afternoon activity, Monday evening dinner and Monte Carlo night, Tuesday breakfast and lunch, refreshments, conference materials.

The St. Regis Monarch Beach 

RiskSummit 2015 is once again at this exclusive coastal resort, a charming, relaxing retreat offering an exclusive private beach club, three swimming pools—one with fully-outfitted Cabanas—the award-winning Spa Gaucin, on-site championship Monarch Beach Golf Links, the Sandcastle Kids Club for our younger guests, and six award-winning, ocean-view restaurants.

Hotel and Travel 

RiskSummit Hotel Discount

The St. Regis Monarch Beach is offering the following room rates to RiskSummit 2015 attendees—available Sunday, July 26th through Wednesday, July 29th:

  • Garden and Resort View Rooms: $285
  • Pool and Ocean View Rooms: $315
  • Executive Suites: $355
  • St. Regis Suites: $525

Please call (800) 722-1534 and ask for the CoreLogic RiskSummit 2015 rate or go to the hotel’s online booking page.

Airport-Hotel Transportation

Either make arrangements with the hotel to pick you up at the airport, or plan to catch a cab or van for the airport-to-hotel trip—travel distance depending on which airport you're coming from:

  • Orange County John Wayne Airport (SNA): 21 miles
  • Long Beach Airport (LGB): 40 miles
  • Los Angeles International Airport (LAX): 60 miles
  • San Diego International Airport (SAN): 68 miles

Air travel is not included in registration fee.

Non-CoreLogic Partners, Vendors, Consultants 

Please note that all non-CoreLogic partners, vendors and consultants must have prior approval to attend RiskSummit 2015. For consideration, please send us an email.

More Information

To learn more about RiskSummit 2015, please contact us by email or by calling (415) 536-3500.

2015 RiskSummit - July 26-28

Sunday, July 26th Schedule

12:00 – 6:00 PM   Conference registration
1:00 – 5:15 PM   CoreLogic products and analytics sessions
7:00 – 9:30 PM   Opening Reception and Dinner

Sunday Afternoon Sessions

We urge you to arrive early for this year's event to learn about the latest CoreLogic data assets, models, and analytics—information and solutions designed to simplify complexity, multiply analytics power, and enhance the accuracy of results.

These capsule presentations will update you on innovations and product enhancements focused on addressing important current industry needs. It is also a great opportunity to sit down with product specialists for a demonstration—and to discuss your particular needs In person with your account manager.

Sunday: Track A   Track Moderator: Julian Grey
1:00 – 1:45 PM   Big Data, Broad Applications: Going Outside the Box with Public Records Data

From connecting multiple properties to a single borrower to identifying the best time to offer a consumer a home equity loan, public records data is at the “core” of many of our industry solutions. Join senior leaders from the CoreLogic product management organization as they provide insight into the breadth of these invaluable data assets and explore their extensive applications.

•  Leslie Meyer - Senior Director, Product Management
•  Randy Wussler - Vice President, Product Management

1:50 – 2:35 PM   Perfecting Your Perfected Lien Strategy

In this session, members of our Advisory Services and Product teams discuss advancements in technology that have enabled progressive lenders to regularly monitor their portfolio for risks that evolve subsequent to the point of origination. These improvements in automated monitoring have made it possible to quickly notify mortgage holders, perfected by a lien, if their position has been subordinated, how leveraged a borrower is or if significant retention risk exists.

•  Dillon Vestal - Vice President, Advisory Services
•  John Graham - Senior Consultant, Advisory Services
•  Randy Wussler - Vice President, Product Management
•  Angela Baljeu - Director, Product Management

2:40 – 3:25 PM   Know Your Portfolio - Actively Managing Your Compliance Risk

In this session, we turn to our compliance experts to cover approaches for addressing traditional areas such as HMDA and SCRA audit reviews. In addition, learn how similar techniques can be applied to mitigate risks associated with MSR transfers and “silent” HOA liens, where a single loan can have serious financial implications.

•  Matt Heidenreiter - Vice President, Operations
•  Sapan Bafna - Vice President, Operations

3:25 – 3:40 PM   BREAK
3:40 – 4:25 PM   Creating More Value From Your Transaction Analytics

Industry-standard tools such as appraisal reviews and other transaction level analytics are an origination cost you can’t afford to live without; why not maximize their value? In this session, CoreLogic SVP, Susan Allen, demonstrates how to expand the application of transaction level results to identify risks and reach the full potential of your existing 3rd party services.

•  Susan Allen - Senior Vice President, Product Management
•  Jacquie Doty - Vice President, Product Management

4:30 – 5:15 PM   Backstopping Your Real Estate Portfolio With the Right Coverage

Determining coverage limits for your real estate portfolio is a balancing act that you can’t afford to get wrong. Excessive premiums can limit your growth potential while understated coverage estimates can cripple if not doom your business when the inevitable “rainy-day” arrives. Are you confident that your insurance premium dollars are allocated across your portfolio according to probability of hazard loss and cost to rebuild should such a tail event occur? Join our Insurance experts as they demonstrate how CoreLogic can help achieve that confidence through a combination of capabilities including component-based reconstruction cost estimates, hazard risk assessment, and the propensity of a looming catastrophe.

•  Cory Payne - Senior Director, Spatial Solutions Products
•  Howard Botts – Vice President and Chief Scientist, Spatial Analytics

Sunday: Track B   Track Moderator: Michael Bradley
1:00 – 1:45 PM   A Hierarchy of Obligations – Ranking Payment Priorities Using Consumer Credit Data

No two payments are created equal when it comes to a consumer’s prioritization of debt. Hear from CoreLogic and Transunion product specialists as they demonstrate how a consumer’s non-mortgage credit behavior can help predict future mortgage performance, plus learn how combining key data assets can help create transparency into the evolving risk of your portfolio.

•  Magali Courbage, Senior Product Manager
•  Michael Lim, Senior Director, Financial Services Analytics (Transunion)

1:50 – 2:35 PM   The New Prime Jumbo – Non-Conventional Mortgage Trends and Modeling Techniques

With non-QM lending on the rise and the return of private-label securitization in sight, participants in the non-conventional mortgage segment are in search of experience to assess the risks of unqualified mortgages. Join our risk modeling experts as they explore recent trends, examine key modeling variables such as DTI, assess the impact of unemployment rates, and compare the performance of loans held for investment with those sold to the secondary market in this session that covers all things prime jumbo.

•  Chao Cong, Senior Director, Product Management
•  Liang Wei, Senior Director, Analytics

2:40 – 3:25 PM   High-Resolution Housing Analytics – Individually Unique, Together Complete

Few dispute the fact that home price risk is local, yet still highly correlated to neighboring and broader geographies. Our quantitative experts will validate this view and discuss the range of analytical approaches employed by market participants to measure home price risk, including the potential limitations of specific methodologies. Participants will leave this session with a better understanding of spatial spillover effects and ultimately how to bridge the gap between property-level price risk and market-level trends.

•  Linda Ladner, Vice President, Product Management
•  Mark Liu, Vice President, Analytics
•  David Stiff, Senior Principal Economist

3:25 – 3:40 PM   BREAK
3:40 – 4:25 PM   Fueling Your Investment Strategy – The Evolution of Loan Performance Data

Considered a major differentiator for informing your mortgage investment strategy, loan-level performance data has evolved from a valuable asset realized by only the few to an industry-standard harnessed by the many. To better understand this evolution, CoreLogic VP of Capital Markets, Dave Hurt, turns to a panel of experts who were early advocates of the data’s applications and have continually developed new approaches to draw insights from it to maintain their competitive advantage.

•  Dave Hurt – Vice President, Capital Markets (moderator)
•  Scott Gimple – Chief Executive Officer, Webbs Hill (panelist)
•  Scott Thomas - Executive Director, Senior Research Analyst, JP Morgan Chase (panelist)
•  Wei Wang – Chief Executive Officer & Founder, WeiCepts, LLC (panelist)

4:30 – 5:15 PM   The Downward Pressures of Home Affordability

Low inventories have been a catalyst for the rapid appreciation of home prices, particularly for lower priced segments. Coupled with an impending rate increase and the scarcity of credit, prospective buyers have found themselves in a perfect storm that is impeding home affordability. Our Deputy Chief Economist, Sam Khater weighs the impacts of these corroborating factors and takes a view on how long this seller’s market will last.

•  Sam Khater, Vice President and Deputy Chief Economist

2015 RiskSummit - July 26-28

Monday, July 27th Schedule

7:00 – 8:00 AM   Breakfast
8:00 – 8:15 AM   Welcome Address & Opening Remarks
•  Anand Nallathambi, President and Chief Executive Officer, CoreLogic

8:15 – 8:45 AM   Keynote

Moderator
•  Anand Nallathambi, President and Chief Executive Officer, CoreLogic

Keynote Speaker
•  Robert Shiller, Nobel Laureate
8:45 – 9:15 AM   Keynote

Moderator
•  Faith Schwartz, Senior Vice President, Government Affairs, CoreLogic

Keynote Speakers
•  Edward Glaeser, Fred and Eleanor Glimp Professor of Economics, Harvard University
•  Mark Zandi, Chief Economist, Moody's Analytics
9:15 – 10:00 AM   2015 Mid-Year Economic Outlook
•  Frank Nothaft, PhD, Chief Economist, CoreLogic
 

Monday Mortgage and Capital Markets Track

10:10 – 11:00 AM  

RMBS, Whole Loans and MSRs—Execution Still Drives the Bus
Whole loan transactions continue to dominate trading after yet another year of spotty non-agency RMBS issuance. We’re seeing more players in the correspondent channel, which is driving the front end of the market and perhaps a deeper secondary market. In lieu of a robust private-label RMBS market, the appetite continues for smaller private placements and whole loan sales. What impact is this having on debt servicing, real incomes, returns, and multi-borrower financing for SFR? Our panel of experts weighs the current market dynamics in play.

10:10 – 11:00 AM  

GSEs—Evolving with the Market vs. Crowding Out Private Capital
Despite the unsettled world of the GSEs, the present environment appears to be stable. But many questions remain. Where are G-fees heading? Will the GSEs continue with credit-risk-sharing issuance (STACR/CASS)? If so, at what level? GSE reform and the cumulative impact of “layered” regulations like QM, QRM, RESPA, and the National Servicing Settlement Act have left many wondering which rule trumps which. Most stakeholders agree that private capital is critical for a healthy market—but what are the realities and political implications? Our panel of industry leaders, representing a wide array of opinion, explores possible outcomes and what they could mean to you.

11:10 AM – 12:00 PM  

Housing Econometrics: Is There a Bubble in our Future?
The farther in time we get from the housing meltdown and financial crisis, the more certainty is returning to the market. The economy continues to move forward, quantitative easing is fading, and the housing market continues to gain momentum—we are settling into a clear new normal. Looking closely at housing prices, performance, production data, and buy vs. rent analytics, this panel of experts evaluates current opportunities and what’s likely to happen in the second half of 2015.

11:10 AM – 12:00 PM  

Here comes TRID and HMDA Change—Leveraging Data to Get In Front of Housing Regulatory Requirements
Many say our industry has reached the inflection point in understanding the impact and potential penalties with the complex and sometimes overlapping regulations which face originators and servicers. However, with the upcoming introduction of changes required through TRID and HMDA, we bring together a panel of experts to discuss potential impact of these new requirements, the impact of ongoing requirements, and the investment of people and technology required to stay compliant.

Monday Insurance and Spatial Solutions Track

10:10 – 11:00 AM  

Understanding and Managing Natural Hazard Risks
Natural hazard disasters can cause personal and community injuries, business interruptions, and job losses that lead to—among other things—mortgage impairment. With extreme weather events increasing in frequency and severity, mortgage underwriting and insurance should help mitigate and manage the mushrooming impacts of natural hazard risk—but risk management systems designed for heavily regulated financial services may not adapt well to such change. Our expert panel explores new and emerging data and analytics tools designed to uncover and manage natural-hazard impairment risk—from short-term weather impacts to long-term climate change—efficiently and effectively.

Moderator
•  Lindene Patton, Global Head/Hazard Product Development, CoreLogic

Panelists
•  Scott Bernstein, President, Center for Neighborhood Technology
•  Susan Kulakowski, Founder, ChronoSpatial Data

11:10 – 12:00 PM  

The Macroeconomics of Valuation: Current Valuation Trends and the Potential Implications to the Insurance Industry
Changes in property market valuation affect the entire financial market ecosystem, especially insurance. Underwriting new policies, managing claims, assessing demand, understanding evolving economic risk—all require that property and casualty insurance professionals have an accurate understanding of what impact the broader property market is having on the level of property risk in their own portfolios. Evaluating this risk correctly depends on accurate data and trustworthy methods for assigning equivalence. Our panel of economists, valuation researchers, and industry experts unravels the broader economic trends affecting housing today and explores how to measure the implications for the insurance industry.

Moderator
•  Norrine Brydon, VP Research & Data, Insurance Services

12:00 – 1:00 PM   Deli Lunch
(Box lunches for golfers provided at course)
1:00 – 5:00 PM   Networking and Outside Activities
7:00 – 10:00 PM   Reception and Dinner

2015 RiskSummit - July 26-28

Tuesday, July 28th Schedule

7:30 – 8:30 AM   Breakfast
8:30 AM – 5:30 PM   Insurance and Spatial Solutions Client Council
 

Insurance and Spatial Solutions Client Council
Full Day of Insurance Segment-Focused Track Sessions

8:30 – 10:00 AM  

Future Forward: CoreLogic Integrated Vision and Capabilities – Enabling Innovation
Building on our proven financial services expertise and experience, CoreLogic continues to invest significantly in cutting-edge insurance and spatial solutions designed to help you gain a competitive edge in highly competitive and regulated environments. Our products, solutions, and services identify and manage risk from point to portfolio, compliance to customer service, location to price. With an extended range of offerings, we offer deterministic characteristics, probabilistic catastrophe estimates, and forensic verifications—a complete view of property risk. Take this guided tour of CoreLogic insurance-segment strategy and assets—see how we can help you solve today’s most complex business challenges.

Presenters
•  Steve Brewer, SVP Business Strategy/Insurance and Spatial Solutions
•  David Pederson, SVP Strategic Business Development

10:10 – 11:00 AM  

Next Generation Weather Forensics: Solving the Problems of Wind & Hail
Property damage from hurricanes, tornados, thunderstorms, and hail are unpredictable natural hazard risks, which can wreak havoc on a book of business. CoreLogic has developed new technologies and solutions to help you understand, measure, and manage wind and hail risk more effectively than ever before. These solutions include, for example, the ability to verify wind and hail down to the level of specific property addresses—or for your portfolio as a whole. Learn about our next generation forensic and solutions and how we are helping reduce the uncertainty regarding one of nature’s most unpredictable and expensive perils.

Presenter
•  Cory Payne, Senior Director Spatial Solutions Products

11:10 – 12:00 PM  

Flood Hazard Innovations:  Meet the Experts Releasing New Flood Innovations to the Market
Flood risk in the U.S. continues to be a major insured-loss threat. Although 25% of National Flood Insurance Program (NFIP) claims and disaster-assistance requests come from homeowners living outside Special Flood Hazard Areas (SFHAs), most borrowers are not required to carry flood insurance. This panel will bring together our team of experts to discuss flood risk and the impact on insurance carriers. Learn about CoreLogic research and new innovations in flood, new product development, and how you can protect your book of business.

Presenters
•  Dr. Howard Botts, VP & Chief Scientist
•  Dr. Mahmoud Khater, VP & Chief Science Officer

12:00 – 1:00 PM   Lunch
1:00 – 1:50 PM  

The Changing Landscape and Our Perspective of Catastrophe Risk Management
Over the past 30 years, the modeling industry has seen single hazard models replaced by ever more sophisticated multi-attribute models with customized outputs and complex visualizations. Plentiful capital and years of low catastrophe loss experience has depressed prices and caused industry consolidation and retraction. Cost / expense reduction campaigns pressure modeling companies to adopt and align with the ‘lean underwriting’ approach. To reduce volatility and improve results, many (re)insurers have used natural catastrophe modeling to shed risk, rather than to retain it, causing the risk to transfer to generally less sophisticated parties who require more synthesized analytics for decision analysis and risk taking. This session will explore market trends, modeling innovations and thoughts on the new business frontier for natural catastrophe modeling.

Presenter
•  Lindene Patton, Global Head/Hazard Product Development

2:00 – 2:50 PM  

Property Advancements: The Evolution of Structural Risk Assessment
There have been significant advancements on structural risk assessment both at the individual property and total portfolio levels. By combining extensive building, location, environment, and occupant data with leading-edge technology and deep industry insight, CoreLogic solutions make address-level property risk assessment easier and more accurate than ever before. Built on new-generation property advancements, our solutions include property pre-fill tools, property-exposure estimating, property-condition assessment, property hazard/catastrophe modeling, and portfolio property analysis and monitoring tools. This presentation details how we’ve brought together significant capabilities from across our business to provide you with the complete story on risk exposure.

Presenter
•  Mikhail Palatnik, VP Insurance Solutions

2:50 – 3:10 PM  

Break

3:10 – 4:00 PM  

Risk Visualization:  A New Frontier of Sources, Technology and Insights
Technology advances in digital imagery have come a long way. New sources of imagery and advances in capture, storage, and distribution now make it possible to streamline property and casualty insurance processes and save significant costs. Using new cloud platforms, business intelligence and change detection extraction has been extended, refined, and automated—and made far more useful for insurance risk management and updating. Recent developments in laser light detection and ranging (LIDAR) technology have likewise enhanced its already remarkable ability to generate highly accurate location maps. This session focuses on how to use this increasingly powerful imagery in fit-for-purpose risk-assessment, underwriting, claims, and post-catastrophe management applications.

Presenter
•  Neil Pearson, VP Georefenced Data Strategy

4:10 - 5:00 PM  

Insurance Wrap Up
•  Steve Brewer

6:00 PM  

Insurance-Segment Client Dinner

2015 RiskSummit - July 26-28