Ira B Artman

Current

Seeking Next Position at A Financial Services Firm

Past

VP, Servicing Portfolio Risk Management at Chase Home Finance
VP & Trader, GNMA Buyouts & Cleanup Calls at Chase Home Finance
VP & Whole Loan Analyst/Trader, Secondary Markets at Chase Home Finance

Consultant, Servicing Transfers & Valuation at RTC/Anagram & Corse Consulting
VP & Manager, Mortgage Finance Operations at Citibank
VP & Manager, Structured Transactions & Analysis at Security Pacific National Bank - NYC
Manager, Financial Forecasting and Profit Planning at City Federal Savings Bank
Treasury Officer, Financial Planning and Budgeting at Chase Manhattan Bank
Analyst, Statistics, Econometrics & Modeling at Planning Economics Group

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6 more...

Education

Massachusetts Institute of Technology - Sloan School of Management
Brown University

Recommended

14 people have recommended Ira B

Connections

197 connections

Industry

Financial Services

Ira B Artman’s Summary

● Experienced mortgage-analytic professional with strong ability to swiftly create detailed and precise models of the nationwide mortgage industry as well as secondary market mortgage transactions.

● Models typically analyze the economics of ongoing businesses or support a series of financial transactions (securitizations or whole loan sales).

● Accomplished in mortgage pricing, whole loan trading, servicing valuation, home price forecasting, and mortgage market modelling.

● Industrious, resourceful, and creative.

Ira B Artman’s Specialties:

▫ Econometric Modeling
▫ Financial Writing [Seeking Alpha Editor's Pick, RiskCenter Top Story]
▫ Home Price Forecasting
▫ Mortgage Pricing
▫ Whole Loan Trading

Ira B Artman’s Experience

Seeking Next Position

A Financial Services Firm

(Financial Services industry)

December 2008 — Present (1 year )

Mortgage finance specialist with more than 20 years experience in understanding, stratifying, and constructing transactions from diverse pools of performing and sub-performing residential mortgage assets seeks position that will build upon my wide-ranging portfolio analytic expertise.
VP, Servicing Portfolio Risk Management

Chase Home Finance

(Banking industry)

January 2005 — November 2008 (3 years 11 months)

● Accurately forecast mortgage industry originations.

Forecasts set market shares goals & expense reductions in shrinking market. As market deteriorated & non-agency spreads widened, customized model to reflect environment.

● Model hybrid ARM base rates to drive customer incentives & prepay models.

As non-agency secondary markets evaporated, developed benchmarking tools that emphasized primary rate indications.

● Forecast regional/national home prices using LoanPerformance & OFHEO indices.

Developed “bust scenarios” based on US & OECD experience. Correctly called turn in market, based on relationship between FHFB home prices & affordability. Forecasts determine borrowers’ home equity & refi ability.

● Introduced risk-based-pricing for conforming & jumbo hybrid ARM originations.

Used rating agency risk model, FICOxLTV framework, & pipeline info.
VP & Trader, GNMA Buyouts & Cleanup Calls

Chase Home Finance

(Banking industry)

April 2001 — December 2004 (3 years 9 months)

● Generated more than $1 billion in gains by developing and managing, from inception, all aspects of Chase’s $20 billion GNMA buyout & non-conforming cleanup call programs.

● Preserved the value of Chase’s GNMA originations franchise by minimizing impact of the monthly buyouts on Chase pool prepayment reports.

● Expanded GNMA bid group from 1 to 6 regular investment bank participants.

● Created successful non-conforming cleanup call program. Monthly volume ranged from $5 MM - $25 MM a month.
VP & Whole Loan Analyst/Trader, Secondary Markets

Chase Home Finance

(Banking industry)

January 1994 — March 2001 (7 years 3 months)

● Provided timely and precise analysis for variety of whole loan mortgage trading and securitization activities. Hired, trained, and supervised one analyst.

- Estimated relative value of 30 year and 15 year AAA spreads, based on historical rates, curve slope, and volatility.

- Developed daily pricing models and rate sheets for fixed rate mortgage products, including jumbo and Alt-A products.

- Performed “best execution” (whole loan, private label senior/sub, and agency security) analyses for monthly trades of non-conforming jumbo and AltA products. Pool sizes ranged from $75 MM - $600MM/month.

- Compared value of FHLB-MPF program with that of existing GSE MBS programs.

- Selected, grouped, and analyzed pools of portfolio ARMS (originated by different institutions and serviced on different platforms) for $5 billion whole loan trading program.
Consultant, Servicing Transfers & Valuation

RTC/Anagram & Corse Consulting

(Financial Services industry)

January 1992 — December 1993 (2 years )

● Executed transfer of residential mortgage, consumer, and commercial loan servicing portfolios from 25 RTC-controlled thrifts in NY, NJ, & PA to independent service bureaus.

● Developed financial models to value and trade residential mortgage portfolios.
VP & Manager, Mortgage Finance Operations

Citibank

(Banking industry)

1991 — 1992 (1 year )

● Managed 45 person master servicing organization.

● Purchased and securitized fixed and ARM jumbo mortgages, RTC-controlled loan portfolios.

● Reorganized operating areas, workflows, and reporting structures.
VP & Manager, Structured Transactions & Analysis

Security Pacific National Bank - NYC

(Banking industry)

1985 — 1991 (6 years )

● Coordinated preparation of all mortgage & consumer loan portfolio analyses for securitizations.

● Designed statistical scrubbing/sampling procedures to estimate tradable jumbo pool balances.

● Valued assets of failed Louisiana thrifts for FSLIC. Developed innovative duration-based analysis that incorporated results of statistically-derived yield adjustments for diverse portfolio.

● Designed/developed pool pricing package & servicing valuation tool.
Manager, Financial Forecasting and Profit Planning

City Federal Savings Bank

(Banking industry)

1984 — 1985 (1 year )

● Ran financial forecasting department.

● Managed and trained two analysts.

● Designed and developed detailed simulation modeling system that forecast simulations under variety of interest rate outlooks, prepayment activity, and deposit rollover behavior
Treasury Officer, Financial Planning and Budgeting

Chase Manhattan Bank

(Banking industry)

1982 — 1984 (2 years )

● Prepared business plan forecasts and analysis of Bank treasury earnings.

● Worked closely with systems programming staff to develop enhanced capabilities.
Analyst, Statistics, Econometrics & Modeling

Planning Economics Group

(Management Consulting industry)

1980 — 1982 (2 years )

● Developed comprehensive macroeconomic modeling and estimation package for firm’s forecasting and consulting practice

Ira B Artman’s Education

Massachusetts Institute of Technology - Sloan School of Management

ScB Management , Management (Econometrics & MIS) , 1978 — 1980
Brown University

BS , Applied Mathematics & Economics , 1974 — 1978

Magna cum laude

Additional Information

Ira B Artman’s Interests:

A. Historical & Biographical Novels, Recent Favorites Include: 1. Salmon Fishing in the Yemen 2. Confessions of an Economic Hit Man 3. Charlie Wilson's War 4. Yiddish Policemen's Union 5. Prince of the Marshes 6. Farewell, My Subaru 7. The Napoleon of Crime [The Real Moriarty] 8. A Sense of the World 9. Stealing God’s Thunder [Ben Franklin] 10. Mayflower B. Indexed Investing & ETFs C. Frequent Contributor, Bill Coppedge's Mortgage Blog, [Sterling Slivers] Available at www.snipurl.com/ira-artman-blog.