Welcome to The S-Curve
Now you will be able to receive the latest announcements, product updates, and our insights on the mortgage market in real time.
The name of the blog, the S-Curve, is a reflection of our logo and the central feature of our prepayment model. S-curves are seen in nature in many phenomenon, from population growth to prepayment and default models. Our first S-curve, in the early 1990s, used the arctangent function, then piece-wise linear functions, and evolved over time to be more complex and vary by FICO, loan size and LTV. This evolution encapsulates both the timeless nature of fundamental relationships and constant innovation to describe them better over time.
We hope you find the information useful and we look forward to your feedback.
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The Power of MentoringThoughtsJanuary is National Mentoring Month which is very appropriate since it coincides with the time when we typically set out our goals and intentions for the New Year. Organizations are embracing mentoring programs and these programs have indeed become a strategic imperative for many. There are many benefits to mentorship and it's easy enough to comprehend. The individuals involved in a mentoring relationship and the organizations that choose to sponsor a mentoring program all are likely to benefit.
For the organization, mentoring can build and strengthen the talent pipeline; help build loyalty among emerging talent; set up or help identify the next generation of talent; and build strategic alignment across silos of an organization by informally encouraging knowledge sharing across different areas. Mentoring programs have proven to be an effective tool to retain and effectively onboard talent, decrease the learning curve for critical roles, build a leadership pipeline, increase employee engagement and build networking and sponsorship. Additionally, mentorship is more frequently being used as a thoughtful tool to promote diversity, equity and inclusion by ensuring that all talent within an organization is provided with opportunities to learn from what the organization may consider to be the 'best and brightest' or simply by those who 'have been there and done that' before. Mentorship promotes diversity of thought and experience to be shared, which we are universally understanding, and recognizing is a benefit to any organization.
For the individuals in a mentorship relationship whether or not they are a part of a formal program, there is unlimited opportunity for learning, growth and development. A mentee has the benefit of getting perspective from someone who can be encouraging but also provide critical and frank feedback when needed and be instrumental in helping a mentee to increase their resiliency in the face of challenges. Mentors can help a mentee to navigate specific situations or people as well as provide sage advice on navigating a career. Solid mentorships can flourish and last for months or years.
Mentorship programs help to connect or match individuals and provide a framework that encourages confidential dialogue on a regular and consistent basis. For organizations -launching, executing and coordinating a mentorship program may seem like a daunting task but it does not need to be. Mentorship comes in all shapes and sizes - the key is to get started. Any company or association should consider providing tools and encouragement for mentorship opportunities both inside and outside of its organization as a simple way to demonstrate that they wish to invest and focus on talent. Talented employees are often looking for opportunities for personal and professional growth just as much as they are seeking promotions and compensation increases. It is important that team members believe they have access to impactful development opportunities to hone their skills and grow into their full potential. Mentorship programs demonstrate a commitment to the employee to develop in the manner they want with goals they establish.
If there is an existing program at your organization, see how you can get involved. If there is no formal mentoring program at your organization then consider helping to build one. In any case, no matter where you are in your personal or professional journey, look for a mentor. And for those of us who are senior leaders look for one or more mentees. I took much pride and enjoyment in starting up a mentorship program at my former company which had hundreds of employees from around the world participate through several "waves" of the program. In addition to opportunities within your company - there are many organizations that seek mentees to volunteer their time. American Corporate Partners (ACP) is a great one that I have had the pleasure of being a part of which helps our veterans, and their spouses prepare for professional opportunities outside of the military. GROW MENTORING is another that I have been a part of which began during COVID-19 by a young lawyer in the UK who simply wished to encourage junior lawyers and law students to connect with more experienced professionals during an otherwise isolated time. University alumni associations, professional organizations such as TechGC and many other groups have mentorship opportunities to get involved in and are always looking for volunteers.
And keep in mind that in a mentoring relationship it's not only the mentee that benefits! Mentorship builds a two-way, mutually beneficial relationship. What mentors learn and take away from mentoring their junior mentees is often priceless and may be the biggest surprise in any mentorship relationship. A good mentor should be an active and open listener. As an active listener a mentor can learn new insights, new values, and tools from their mentee including strengthening their coaching and feedback skills and make important often long-lasting relationships.
Ask most leaders if they have had one or more mentors during their career journey and the answer will undoubtedly be a resounding 'yes'. At a low cost with opportunity for high impact, it is no surprise that mentorship programs are becoming more and more popular, and more and more employees are getting involved. As you set your goals for 2023, I encourage you to seek out opportunities to be a mentor or mentee for yourself and for others.
Happy National Mentoring Month!
The S-Curve Archives
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EventsAndrew Davidson & Co., Inc (AD&Co) proudly sponsored IMN’s 11th Annual Mortgage Servicing Rights (MSR) Forum by Informa at the New York Hilton Midtown. Senior modeler Daniel Swanson joined the “Managing Delinquencies & Forbearance Value” panel in discussing how servicers are adapting to today’s market and the evolving delinquency trends.
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PodcastTune in to our fourth episode of AD&Conversations with Kevin Lin and Eknath Belbase, our product lead for our Climate model. In this episode, they discuss the new Climate Impact Suite (CIS) pilot project, and Belbase outlines several challenges the team is navigating, including:
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PodcastTune in to our fourth episode of AD&Conversations with Kevin Lin and Eknath Belbase, our product lead for our Climate model. In this episode, they discuss the new Climate Impact Suite (CIS) pilot project, and Belbase outlines several challenges the team is navigating, including:
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Podcast
Andrew Davidson was invited to speak on Equifax's Market Pulse Podcast titled, "Driving Efficiency and Resilience in the Mortgage Industry" live at the 2025 MBA Annual Convention in Las Vegas.
Andy explains how variations in data files can distort risk assessment, creating a dual risk for lenders: extending credit to borrowers more likely to default while overcharging customers whose risk is overstated.
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ThoughtsOur latest Policy Perspective written by Richard Cooperstein offers an analysis of the U.S. housing and mortgage finance markets, focusing on key trends and forward-looking risks. While housing markets are not fully efficient, they do respond to economic imbalances which create opportunities and vulnerabilities. This article explores how demographic shifts, credit access, interest rates, and climate risks shape both housing demand and supply.
Key findings include:
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PodcastJoin Kevin Lin in a conversation with Richard Cooperstein as they dive into Kinetics, AD&Co's modular platform designed to deliver the full power of our models and analytics; with the flexibility to license only the tools you need.
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ThoughtsThe latest Policy Perspectives paper “Competing Claims in Privatization of Fannie Mae and Freddie Mac” is now available!
Nearly 20 years ago, on September 6, 2008, the GSEs, Fannie Mae and Freddie Mac entered conservatorship. Since that time there have been many proposals to restructure, eliminate or release the GSEs. Once again there is talk about the privatization of Fannie Mae and Freddie Mac.
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ThoughtsAD&Co held our annual employee meeting in Detroit, Michigan. In addition to gathering everyone in person to socialize and strategize, we use these annual meetings to learn about different cities, especially with regard to housing market dynamics.
We chose Detroit because the oft-maligned city is undergoing a significant renaissance, and we wanted to explore the area and learn how housing may have played a role in both Detroit’s decline and rebirth.
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ProductsAndrew Davidson & Co., Inc (AD&Co) is pleased to announce the beta release of MARS+, the next generation of Mortgage Analysis & Reporting System (MARS), which has been in use since 2008 for performance reporting of AD&Co models. MARS+ aims to provide enhanced and advanced capabilities and features for mortgage analysis and reporting.
The new enhancements of MARS+ include:
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EventsSeveral AD&Co employees attended SFVegas 2025. This post shares their unique perspectives from attending the conference and key takeaways from the sessions.