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One part of this, Hu said, is their need to adopt a risk-based business philosophy to meet online carriers' focus on standard, risk-based pricing and optimizing risk portfolios in both liabilities and assets. PriceMaster was designed from the ground up to address the specific needs of the mortgage industry, enabling business users to rapidly create new loan programs and risk-based pricing that can be quickly delivered to every channel and business unit with no IT involvement. He added: "Hunt's extensive work in credit risk modeling for Structured Finance, as well as his expertise in portfolio optimization, capital allocation, risk-based pricing, and market risk will notably benefit Fitch QFR from a quantitative modeling standpoint. |
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