Declining Presence of First-time Homebuyer May Disrupt Housing Supply Chain

LAS VEGAS, Oct. 20, 2014 /PRNewswire/ -- Mortgage data and analytics firm RiskSpan (www.riskspan.com) is sharing its perspective on the ramifications of the slowdown in housing finance at the Mortgage Bankers Association 101^st Annual Conference.

In a thought provoking article titled Today's Housing Crisis (http://riskspan.com/news/todays-housing-crisis) published in the MBA's convention issue Mortgage Banking magazine, RiskSpan presents data and industry viewpoints on the tight mortgage credit conundrum and its perilous impact on the housing supply chain and particularly the first-time homebuyer.

Allen Jones, Managing Director of RiskSpan (http://riskspan.com/profile/allen) and author of the article said: "Greater clarity in GSE and FHA repurchase and indemnification guidelines can turn this around. With certainty, mortgage bankers can expand the credit buy-box and grow the population of credit eligible first-time homebuyers."

RiskSpan advises clients how to mitigate operational risks while enhancing their competitive advantage. RiskSpan offers customized services, including process reviews, development of risk and performance scorecards, model governance support, policy and procedure development, and vendor oversight, in order to maximize cost savings and achieve regulatory compliance.

At the MBA Annual Conference in Las Vegas, NV and in meetings with RiskSpan clients, business development leader Brad Davis (http://riskspan.com/profile/brad) noted the firms' success in leveraging decades of experience in the design, build, deployment and audit of models.

Davis said: "In today's environment where complexity and quantification of risk is paramount to ongoing viability, the demand for our services is growing.  We have the experience to help our clients navigate through to success."

As a specialist in the integration of financial applications, required data, and proprietary and commercial models, RiskSpan bridges the gap between business needs and required technology.

Founded in 2001, and a long-standing member of the Mortgage Bankers Association, RiskSpan president and CEO Bernadette Kogler (http://riskspan.com/profile/bernadette-0) said: "Our team is in the market to help financial services clients grow and achieve results. Today we see the results of our efforts here at the MBA in Las Vegas."

About RiskSpan: www.riskspan.com
Media may contact: Patrick Doherty ([email protected]) 703-956-5431 

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SOURCE RiskSpan, Inc.

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