Underwriting Models

Workshop Title

Workshop - Adapting your Underwriting and Loss Forecasting Models to COVID-19

About the Workshop

About this Workshop

The COVID-driven restriction is having an immediate impact on the cash flows of many sectors. As the cash reserves will run down and credit flow would increase, banks and credit unions must make urgent decisions on how to respond to the financial needs of their members. With an increasing credit flow, the usual approach of existing underwriting criteria will not work. These models are therefore needed to be adapted as per the COVID-19 losses.

By end of this workshop you will get a better understanding and handle on the model risks brought by the COVID-19 recession and how to mitigate those risks.

What you will Learn

What you will learn


  • Learn what makes credit scores fail in economic shifts. Are your's at risk?
  • Know the risks with machine learning models.
  • Learn why economic factors in this recession won’t mean what they did in 2009.
  • Learn when and how much to put judgment back in your underwriting process and loss forecasting.

Instructors

Joseph Breeden

President-Model Risk Managers International Association

Joseph Breeden brings more than 20 years of experience leading financial institutions through financial modeling, allowing clients to achieve real understanding of portfolio dynamics for retail lending where those problems originated.

Prior to founding Prescient Models, LLC he co-founded Strategic Analytics in 1999, where he led the design of advanced analytic solutions including the invention of Dual-time Dynamics. Dr. Breeden has created financial models through the Mexican Peso Crisis, Asian Economic Crisis, 2001 Global Recession, Hong Kong SARS Recession, US Mortgage Crisis, and the Global Financial Crisis. These crises have provided Dr. Breeden with a rare perspective on crisis management and the analytics needs of executives for strategic decision-making. He currently serves as associate editor for the Journal of Risk Model Validation

Workshop Content

WEEK1

Here Be Dragons

In this session, learn how the models are failing in the COVID-19 Recession. Know and understand what can be done by you.

 

WEEK2

MRM Best Practice

In the second part of this workshop, learn how to document, validate and models. The key takeaway includes insights on how to plan future models.

 

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