Sr. Credit Risk Modeler - First American (San Francisco, CA)

First American is the nation's largest data provider, supplying information resources and services that impact the major economic events of people's lives. We serve mortgage, real estate, and consumer-related businesses, as well as consumers themselves, with the data to help them make decisions, operate their businesses, and advance their lives.

Tracing our history to 1889, The First American Corporation (NYSE: FAF) is based in Santa Ana, California. Today, with revenues exceeding $6 billion, our company has 31,000 employees and 2,000 offices throughout the United States and abroad. For more detailed information about First American, please visit our Web site at: www.firstam.com.

LoanPerformance, a division of First American CoreLogic (FACL), the nation's largest provider of property and ownership information, analytics and services is the leader in mortgage finance, securitization and servicing information and analytics.

We created and maintain the industry's largest and most robust mortgage securities and servicing databases and provide state-of-the-art analytical tools that our banking, investor and regulator clients use to analyze and manage their portfolios.

LoanPerformance uses collected data to be the 'voice' of the mortgage industry. Since our inception in 1983 LoanPerformance has become the "brain trust", the definitive source of expert information about the state of the mortgage securities and mortgage servicing marketplaces.

As a member of The First American Corporation family of companies, LoanPerformance has access to an unrivaled set of data assets, including real estate information representing 99.1% of the population of the United States. For more information, please visit our website www.loanperformance.com.

Join us as a Senior Credit Risk Modeler working among the smartest and most often-quoted mortgage finance professionals in the business. You will develop loan-level, econometric-driven prepayment, default, delinquency, and loss severity models for inclusion in the LoanPerformance RiskModel software (for prime, Alt-A, sub-prime, HELOC and closed-end second mortgages). You will also perform periodic model validation, surveillance, and analysis to track and analyze model performance.

Note: This position can be located in San Francisco, Sacramento or Santa Ana, CA.

Qualifications:

The ideal candidate will have the following:

• An advanced degree (Master's, Ph.D., or ABD preferred) in Economics, Finance, Mathematics or Statistics
• Minimum of 2-3 years experience in mortgage default and/or prepayment loan-level modeling, or in similar consumer-based modeling areas
• Knowledge of statistical & econometric modeling techniques (e.g., logistic regression, survival analysis and Monte Carlo simulation methods)
• Experience in spreadsheet applications and advanced use of statistical applications/databases
• Ability to write customized programs for meaningful data analysis
• Advanced programming ability in SAS
• Excellent communication skills (written and oral), team-driven, and strong innovation/creativity

Preferred:

• Knowledge of model surveillance methodologies and model calibration techniques is a plus
• General knowledge of fixed income modeling, including interest rates and fixed income instruments
• Programming ability in a matrix- oriented language such as Matlab, Gauss, SAS IML, or S-Plus
• Familiarity with general programming languages like C/C++ or Java
• Experience in working with offshore model development teams

Benefits:

The First American Corporation offers a work environment that encourages creativity, initiative and professional growth. Our salary and benefits package is competitive including:

• Health, dental and vision care
• 401(k) retirement savings plan including a company match tied to profitability
• Long-term disability insurance
• Short-term disability insurance
• Discount stock purchase program
• Tuition assistance program
• Title and escrow fee reimbursement program
• Company credit union

The First American Corporation is an Equal Employment Opportunity/Affirmative Action employer. Qualified applicants are considered for employment and employees are treated during employment without regard to race, color, religion, gender, sexual orientation, national origin, age, physical or mental disability, medical condition, religion, marital status or veteran status, or any other characteristic protected by state or federal law.

How to apply: Apply Online

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