Business
Mortgage finance data models have revolutionized how the mortgage industry does everything from assess risk to assist borrowers who are having difficulty making their payments. They are used to project interest rates, mortgage rates, house prices, unemployment rates, defaults and prepayments, and other key outputs that determine our business success and viability. But what happens when a global pandemic throws the models out of whack? Two industry experts explore how the industry can best use data as a tool for long-term business growth and preparedness even in the throes of a “black swan” event.