Collateral Risk Management Series

An Exclusive Short Course Series on Collateral Risk

We invite you to expand your knowledge base and your network, while building your risk management skills in this new program.

Maryland Smith and the Collateral Risk Network (CRN) have joined forces to bring you the only educational courses available on the topic of collateral risk. Each module is newly designed with the professional learner in mind and curated by Maryland Smith faculty, Clifford Rossi, and other industry subject matter experts.

“The Collateral Risk Network partnership with the University of Maryland’s Smith School of Business will go down in history as the most ground breaking collateral risk education program ever presented. Please join us for this interactive learning series!” 

Joan Trice, Founder & CEO, Collateral Risk Network Inc.

This series incorporates a digital badge; an indicator of your accomplishment that can be displayed, accessed and verified online. The full program, the Collateral Risk Academy, consists of 8 core modules and 2 electives and will lead to a professional certificate plus digital badge. A CRN® certificate will be awarded to CRN members who successfully complete the program. Completion of this inaugural series may be applied to the Collateral Risk Academy.

Overview

This series provides industry professionals focused on residential collateral risk with the tools and training to excel in collateral valuation, analysis and risk management practices essential to ensuring the integrity of the appraisal management processes and controls associated in the mortgage industry. The training is built around 4 collateral risk domains:

  • Fundamentals to Collateral Risk Management
  • Residential Property Valuation Risk Management
  • Collateral Analytics and Data
  • Collateral-related Risk Management Practices

This interactive series will be delivered to you over eight hours of virtual, live facilitation in an intimate, cohort environment.

The total cost of this four-module series:

CRN members: $795*  ||   Non-CRN members: $895      

(*CRN members, please email rhsmith-execed@umd.edu to receive the discount code)

Space is limited. Deadline for registration is September 11, 2020 at 11:59 PM ET

Successful series completion will be accepted into the full Collateral Risk Academy program under development with a planned launch in Spring 2021.

Module Schedule and Descriptions

The series is scheduled as follows:

Course Faculty/SME Date
Introduction to Collateral Risk  Cliff Rossi Monday, September 14, 2020
7-9 p.m. ET
Collateral Policy and Standards Ken Dicks Wednesday, September 16, 2020
7-9 p.m. ET
Automated Valuation Models Cliff Rossi Monday, September 21, 2020
7-9 p.m. ET
Enterprise Risk Frameworks Cliff Rossi Wednesday, September 23, 2020
7-9 p.m. ET

Date: September 14, 2020
Time: 7-9 p.m. ET
Faculty: Cliff Rossi

Explore the fundamentals of Collateral Risk by examining the definition of collateral risk. Learn what methods may be applied to estimate the V in the Loan-to-Value ratio. Dissect the codified definition of Market Value line by line and rediscover the purpose of the appraisal process. Debate the abuse and misuse of price as an input for value. 

  • What is it? Why do we care? How to get to the V in LTV
  • Definition of market value
  • Other types of value such as liquidation value, sustainable lending value
  • Price vs. value

About the Professor

 Dr. Clifford Rossi is an Executive-in-Residence and Professor of the Practice at the Robert H. Smith School of Business, University of Maryland. Prior to entering academia, Rossi had nearly 25 years’ experience in banking and government, having held senior executive roles in risk management at several of the largest financial services companies.

Date: September 16, 2020
Time: 7-9 p.m. ET

Crafting effective collateral policies and standards forms the backbone of the collateral risk framework for an organization.  Understanding and designing collateral policies that are tailored to particular product sets and tuned in conjunction with other risk factors are focus areas for this module.  Understanding what considerations are made in determining the tradeoffs between various types of collateral value assessments; i.e., full appraisal versus interior or exterior only assessments, broker price opinions and AVMs are featured in this session.

About the Expert Facilitator

 Practicing Real Estate Appraiser since 1984 with a broad range of experience including independent fee appraiser, financial institution appraiser and reviewer, commercial and industrial Tax Assessor and manager of appraisal review function for a large regional, national chartered bank.

Date: September 21, 2020
Time: 7-9 p.m. ET
Faculty: Cliff Rossi

This module provides an overview of analytical models and associated processes used in collateral valuation by lenders, GSEs and other market participants.  Understanding what automated valuation models (AVM) are, how they are used, what their strengths and weaknesses are, data requirements, testing issues, suitability in underwriting, and review of AVM policy cascades and issues are primary focus areas grounding attendees in the basics of the AVM process.

Date: September 23, 2020
Time: 7-9 p.m. ET
Faculty: Cliff Rossi

Best practice lenders and other mortgage market participants are finding development of an Enterprise Risk Framework (ERF) to be a critical part of an effective risk management process.  Understanding the components of ERF such as risk governance via the three lines of defense doctrine, risk appetite statement, enterprise policies and authorities and risk taxonomy are reviewed in relationship to the collateral valuation process.

We hope you’ll join us for this exclusive, fresh new series. Space is limited. Don’t miss this unique opportunity to deepen your understanding of collateral risk strategy.

Register for the Collateral Risk Management Series

Robert H. Smith School of Business
Map of Robert H. Smith School of Business
University of Maryland
Robert H. Smith School of Business
Van Munching Hall
College Park MD 20742