Predictive Methods Conference (PMC2004)
Jul 26, 2004
Fourth annual conference looks at the future of Mortgage Technology
Newport Beach, CA - July 26, 2004 - Veros and First American Real Estate Solutions co-hosted the fourth annual Predictive Methods Conference on June 28th through the 30th at the luxurious Four Seasons Hotel and Resort in Newport Beach California.
Building on momentum from last year, nearly 300 attendees participated in PMC2004. The agenda included a wide range of interactive keynotes and panel discussions on emerging trends in mortgage technology led by experts from Wells Fargo, Bank of America, Freddie Mac, Goldman Sachs, Standard and Poors, Washington Mutual, GMAC-RFC and many other major corporations. "It's a chance to see what everyone is doing, measure yourself against your competitors and network for new ideas. that's exactly what I experienced", Leslie Gibin, Greenpoint Mortgage, attendee PMC2004.
Conference highlights included panel discussions on topics such as; Automated Fraud Products, Confidence Scoring, Secondary Market Applications, Collateral Valuation Hybrid Solutions, AVM Cascades, Forecasting Future Home Values, and Insured AVMs. "I give this conference an A+, terrific meeting. This was unlike any other conference, this one was delivered by practitioners whose content was exceptional," Jay Plum, Provident Bank, speaker.
During a panel discussion that addressed AVM usage, Lee Kennedy, Washington Mutual Bank, gave a lenders perspective concerning AVM cascades. He also identified the benefits and drawbacks associated with multiple AVMs. Stephen Conlin, Bank of America shared his ideas on AVM testing and identified how to implement cascading AVMs, their order, and ranking. Susan Allen, GMAC-RFC, discussed ideas of innovative and alternative cascading approaches for a variety of risk profiles. All speak from experience as they have implemented their unique style of AVM cascading tailored for specific underwriting, parameters and production use.
On Wednesday the buzz was all about Forecasting Future Home Values. Eric Fox, Veros, compared his last year's conference predictions with what actually happened during the year. Then he presented his top 10 hottest and coolest markets for the upcoming twelfth-month period. Included in the hottest markets were San Diego, Las Vegas, Honolulu and Phoenix. Dr. Chris Cagan, First American Real Estate Solutions, presented exciting views on the latest trends in forecasting, touching on both the market and psychological drivers of home values.
Supporting PMC were sponsors; 1Source Data, ACI, Appintell, Clear Capital, FNC, Lender e-Source, PCi, The Turning Point and Trinity Inspection. "Of all the conferences I have ever attended PMC2004 was the best in education, relationship building and business development. I am looking forward to PMC2005," Brad Meyer, Trinity Inspection, sponsor PMC2004.
For more information on next year's PMC2005 go to www.pmc2004.com or call 949-250-0000 ext. 3451.
About Veros Real Estate Solutions:
Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Veros products and services are optimizing millions of profitable decisions throughout the mortgage industry, from loan origination through servicing and securitization. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, California. To order the VeroFORECAST update or receive information on other Veros analytic products and systems, visit www.veros.com or call (866) 458-3767.