RiskSpan Director David Andrukonis Featured on The Purposeful Banker Podcast
RiskSpan's CECL Soution Director David Andrukonis was a featured guest on PrecisionLender's podcast, The Purposeful Banker in their recent episode
Choosing a CECL Methodology
CECL presents institutions with a vast array of choices when it comes to CECL loss estimation methodologies. It can seem
Machine Learning Detects Model Validation Blind Spots
Machine learning represents the next frontier in model validation—particularly in the credit and prepayment modeling arena. Financial institutions employ numerous
A Brief Introduction to Agile Philosophy
Reducing time to delivery by developing in smaller incremental chunks and incorporating an ability to pivot is the cornerstone of
Hands-On Machine Learning–Predicting Loan Delinquency
The ability of machine learning models to predict loan performance makes them particularly interesting to lenders and fixed-income investors. This
Back-Testing: Using RS Edge to Validate a Prepayment Model
Most asset-liability management (ALM) models contain an embedded prepayment model for residential mortgage loans. To gauge their accuracy, prepayment modelers
Why Model Validation Does Not Eliminate Spreadsheet Risk
Model risk managers invest considerable time in determining which spreadsheets qualify as models, which are end-user computing (EUC) applications, and
AML Models: Applying Model Validation Principles to Non-Models
Anti-money-laundering (AML) solutions have no business being classified as models. To be sure, AML “models” are sophisticated, complex, and vitally
Machine Learning Model Selection
Machine learning model selection is the second step of the machine learning process, following variable selection and data cleansing. Selecting
End-User Computing Controls – Building an EUC Inventory
An accounting manager at a mid-sized bank recently wondered aloud to us how to approach implementing end-user computing controls (EUC).
What is an “S-Curve” and Does it Matter if it Varies by Servicer?
Mortgage analysts refer to graphs plotting prepayment rates against the interest rate incentive for refinancing as “S-curves” because the resulting
Validating Interest Rate Models
Many model validations—particularly validations of market risk models, ALM models, and mortgage servicing rights valuation models—require validators to evaluate an
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