The process of identifying, analyzing, and evaluating risks associated with mortgage lending to mitigate potential losses.

The systematic examination of mortgage data to extract meaningful insights that inform risk assessment and decision-making.

The art and science of managing a collection of mortgage loans to maximize profitability while minimizing risk.

Adhering to laws and regulations governing mortgage lending practices to ensure legal and ethical operations.

The failure of a borrower to meet the legal obligations of a loan, often resulting in financial loss for lenders.

Using statistical techniques to forecast future loan performance and default probabilities based on historical data.

An initial investigation of data sets to discover patterns, anomalies, and relationships that inform further analysis.

A statistical method used for predicting binary outcomes, such as loan defaults, based on various predictor variables.

A flowchart-like model used to make decisions based on different conditions, useful in predicting loan performance.

A tool that categorizes and prioritizes risks related to mortgage lending, aiding in effective risk management.

A structured list of regulatory requirements that must be met to ensure adherence to mortgage lending laws.

The graphical representation of data to help communicate complex information clearly and effectively.

Examining past loan performance data to identify trends and inform future risk assessments.

Involving various parties, such as lenders and regulators, in the risk assessment process to ensure transparency and compliance.

Standards used to measure the accuracy and reliability of predictive models in assessing loan risks.

Approaches to reduce the impact of identified risks in mortgage lending, enhancing overall portfolio performance.

The process of correcting or removing inaccurate records from a dataset to improve analysis quality.

Statistics that provide insights into the economic environment affecting mortgage lending and borrower behavior.

Attributes of borrowers, such as credit score and income, that influence their likelihood of defaulting on loans.

The practice of documenting and communicating adherence to regulatory standards in mortgage lending.

A manual that explains how to use a risk assessment model, detailing its functionalities and applications.

The practice of presenting data findings in a narrative format to engage stakeholders and facilitate understanding.

A self-assessment method where learners document their insights and progress throughout the course.

A process where students evaluate each other's work to provide constructive feedback and enhance learning.