The former head of SPG Model Review at JP Morgan will lead the Behavioral Modeling Team as Director of Borrower Analytics at MIAC
October 12, 2018
New York, NY – Mortgage Industry Advisory Corporation (MIAC®), a leading provider of pricing, risk management and accounting solutions for the mortgage and financial services industries, announced today that Dick Kazarian has joined the company as Director of the Borrower Analytics Group.
Mr. Kazarian has more than twenty years of experience in designing, developing, validating, and marketing quantitative models. These include empirical behavioral models across a broad range of collateral types, pricing and risk management models, interest rate and mortgage rate propagation models, and value at risk (VaR) and tail risk models. He also has extensive experience in model risk management, capital stress testing, and regulatory relations.
Prior to joining MIAC, Mr. Kazarian has held leadership positions at Citigroup, Lehman Brothers, Roosevelt Management, Shellpoint Partners, and JP Morgan.
“We couldn’t be more excited to partner with Dr. Kazarian to expand the capabilities of our industry-leading family of behavioral models,” said Paul Van Valkenburg, Principal at MIAC. “Without question, Dick Kazarian is an industry-recognized veteran and thought leader in the mortgage industry and across the capital markets. He brings an exceptionally broad range of model development experience as well as an unparalleled depth of financial analytical expertise to MIAC and our clients. Dr. Kazarian will lead the Borrower Analytics team within MIAC to help our clients address their asset valuation, capital and liquidity stress testing, and their CECL requirements.”
Mr. Kazarian earned his doctorate in Finance and Econometrics from the University of Chicago, and a bachelor’s from Cornell University. He has numerous publications relating to term structure models, prepayment and default models, and VaR models. Prior to joining Citigroup in 1995, Dr. Kazarian was an Assistant Professor in the Department of Real Estate and Finance at the University of Michigan Kresge School of Business.
“I am very excited to be joining the MIAC team given the collaborative culture, the diversity of products and services, the depth of experience, and the well-established client base,” Kazarian says.
Since 1989, Mortgage Industry Advisory Corporation (MIAC) has been the preferred destination for sophisticated mortgage industry and capital markets participants, offering transaction execution services, secondary market hedge advisory solutions, third-party mortgage asset valuations, as well as state-of-the-art valuation and risk models incorporating a full range of consumer behavioral risk factors.
MIAC Analytics™ is the most sophisticated mortgage pricing and risk management software suite available for mortgage investors, originators, servicers and balance sheet managers. The MIAC Analytics™ suite now includes MIAC Vision™, an asset-liability solution that applies MIAC’s CORE™ behavioral factors at the loan level. For more information, please dial 212-233-1250, or follow us on Twitter @MIACAnalytics.
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