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| Wednesday June 13th |
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| 7:00 AM - 8:00 AM |
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Breakfast outside the general session room and exhibit area
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| 8:00 AM - 11:00 AM |
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Boot Camp 1: Types of Fraud
The term fraud has been used in the mortgage lending industry as a catch-all term for any kind of misinformation or misrepresentation that underwriters or quality control personnel encounter in their work, but do you know the differences between the various kinds of fraud?
Understanding the different types of fraud is the first step in learning how these crimes are perpetrated, which is essential for managing this risk and mitigating the potentially disastrous effects of mortgage fraud on the enterprise. This session will also cover the cost of fraud and fraud trends.
Susan Dailey, Fraud Manager, Chase
Susan S. Dailey, Quality Lending Advisor with The Prieston Group, has 18 years of banking and mortgage banking experience. She has an extensive background which includes retail branch management, commercial credit, consumer loan operations, residential mortgage origination, internal audit and risk management/loan fraud.
Bridget Berg, Director Fraud Strategies, GMAC RFC
Bridget Berg is the Fraud Strategies Director at GMAC Mortgage. She is responsible for assessing specific operational fraud risks and coordinating effective controls for GMAC Residential business units to prevent and detect fraud related to mortgage lending.
Pete Norell, Special Agent Director of Mortgage Fraud, FBI
Agent Norell was an FBI Agent from 1996 through 2002. He was promoted to Supervisory Special Agent on the President’s Corporate Fraud Taskforce from 2002 until 2004. Promoted once again to Supervisor of the White Collar Squad in Santa Ana in 2004, where he is currently assigned. He holds a B.S. in Quantitative Economics and a Law Degree with special training in education and white collar crime.
Anne Fulmer, Vice President, Interthinx
As a Vice President with Interthinx, Ann Fulmer is a nationally recognized expert who has addressed the hidden costs of mortgage fraud with such diverse groups as title insurers, mortgage bankers, brokers and servicers, realtors, appraisers, state and federal regulatory and law enforcement agencies, and community coalitions.
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Boot Camp 2: Securitization
Who are the successful players in the mortgage securitization business and what do they know that can make you more successful in the secondary market? This session will explore how experts evaluate pools of loans and how the ratings agencies view them. Experts will explore loan level versus macro analysis, current trends in the securitization business and the new ways investors are viewing the risk in various trenches.
There are powerful new tools being used to analyze these deals, the loans in the pools and the collateral that underlies them. Learn about the increasing role Wall Street is playing in the mortgage industry and how you can profit from working with these players.
Ellie Cornfeld Melton, Chief Credit Officer, Luminent Mortgage
Prior to joining Luminent, Ms. Melton was a manager of the Mortgage Purchase Program at FHLB – Seattle. Ms. Melton was the Residential Chief Credit Officer for Washington Mutual before joining the FHLB.
Susan Kulakowski, Chief Knowledge Officer, Dominion Bond Rating
Susan Kulakowski, Chief Knowledge Officer, Dominion Bond Rating
Susan Kulakowski has been working in RMBS/structured finance research since 1993. At Dominion Bond Rating Service, she built the first open source loan-level credit enhancement model released without charge to the RMBS community. Her past experience includes RMBS models used by Duff & Phelps Credit Rating Co. and Fitch Ratings.
Doug Bendt, Director of Research, C-Bass
Mr. Bendt joined C-BASS in 2002 and is Director of Research in the Capital Markets Group, where he is responsible for managing the C-BASS research team. His focus is improving the firm’s analytic capabilities across all its business lines, particularly applying the company’s proprietary credit, loss, and prepayment data to improve performance.
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| 11:00 AM - 12:30 PM |
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Lunch Speaker: Bill Rayburn FNC |
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William B. Rayburn has served as the Chief Executive Officer of FNC, Inc., the collateral information technology company, since it began. A finance expert and visionary, Rayburn intimately understands how collateral underpins the mortgage industry and has a special talent for imparting that knowledge to others. Rayburn often speaks or sits on panels at major industry conferences and led a consulting firm specializing in seminars for bank regulatory agencies, financial institutions, and appraisal firms before founding FNC
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| 12:30 PM - 3:30 PM |
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Boot Camp 3: Tools and Solutions to Identify Fraud
Once you understand fraud, you’ll know how these crimes are perpetrated, but they can still be very hard to identify. Mortgage industry participants need tools and solutions to identify fraud and stop bad deals before they fund.
In this information session, our experts will cover fraud scoring, the differences between subject risk and market risk, the data used to uncover fraud and the performance of today’s best anti-fraud tools. Leaders will also discuss the high cost of false positive results and methods used to reduce the flagging of good deals.
Marc Loewenthal, SVP Corporate Affairs and Chief Privacy Officer,
New Century
SVP Enterprise Risk Management Marc Loewenthal is Senior Vice President of Enterprise Risk Management for New Century Financial Corporation. He is responsible for managing many of the New Century’s risk related functions including Compliance, Privacy, and Corporate Security.
John Gray, SVP Fraud Prevention, Bear Stearns
John Gray has 25 years of management and mortgage fraud experience and joined EMC Mortgage in August of 2006 to handle fraud prevention across all of their mortgage-related platforms including Bear Stearns Residential.
David Rasmussen, SVP Sales, Veros Real Estate Solutions
David Rasmussen has worked with Automated Valuation Models (AVMs) and mortgage related analytic products for several years. David joined Veros Software during the fall of 2002 and is responsible for the sales and distribution of Veros’ mortgage related products.
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Boot Camp 4: Practical Application of AVMs
This session will cover the proper use of most of the tools discussed during the conference in the general sessions. A wide variety of tools will be explored, their practical applications discussed and their limits and potential uncovered.
From hybrid products to risk-based pricing, new predictive methods are making everything in the mortgage business work better. But proper application of these new technologies is the key to their success and yours.
Bill Shuey, VP Valuations Manager, Goldman Sachs
Bill has been with Goldman Sachs for 2 years. He is responsible for establishing policies and methodologies for real estate assets purchased, identification of areas and trends impacting real estate values, and evaluating vendors and their products. Bill has worked in the real estate sector for 22 year and is a graduate of Purdue
University. When not looking at real estate values, Bill spends time with wife and 5 children.
Sue Pottieger, VP Business Development, Veros Real Estate Solutions
Sue Potteiger brings 25 years of experience to Veros. Prior to joining Veros, she was president and CEO of American Reporting Company (ARC). Before ARC, Potteiger was senior vice president and chief appraiser for Washington Mutual Bank, where she designed and implemented an Internet-based collateral valuation management system, developed and implemented AVM testing procedures, vigorously pursued and implemented AVM cascade strategies, and maintained collateral risk and appraisal policies and procedures for the bank.
Perry Minas, VP, Wells Fargo Bank
Perry Minas is currently a Vice President in the Corporate Credit Administration Department at Wells Fargo Bank. His primary responsibilities include the management of Automated Valuation Models and other alternative evaluation products and processes. This role encompasses research and investigation, validation, testing, approval, implementation, monitoring, policy and other related functions.
Bruce Shulkins, VP, TransUnion Real Estate
Bruce Schulkins is Vice President of Valuations Product Management for TransUnion Real Estate
Services. In this role, he is responsible for new product development and product line management for TransUnion’s Realt Estate Services’ full suite of valuation products. Shulkins attended Rutgers University. He is an executive member of the Collateral Assessment and Technologies Committee, which was chartered by the Real Estate Information Professionals Association (REIPA), to educate and increase awareness of the collateral risk technologies and their derivatives. He has also written several “best practice articles” in “Valuation Review and real Estate Technology”.
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