September 23, 2015 / Press Release

New York, NY – Mortgage Industry Advisory Corporation (MIAC) will be featured at this year’s Distressed Residential Mortgage Summit in New York on October 1st, held in the Crowne Plaza – Times Square. Joseph Furlong will moderate a panel on the do’s and don’ts of large loan pool due diligence on Thursday, October 1st at 10:15 AM.

The group will discuss challenges within the diligence process, and how their firms produce investment projections with flexible consideration for asset manager costs, risk models, and many other inputs.  Panelists will share insights on cost-effectively building a system to handle transaction complexities, industry regulations, timelines, and regional variations, all on a granular basis.

Mr. Furlong led MIAC’s development and introduction of VeriFi™, a comprehensive due diligence software solution for the banking and lending industries which customizes the loan file review process as directed, and processes data verifications, compliance testing, and underwriting reviews to assist in quantifying and mitigating risks associated therewith, in 2014-15. Additionally, Mr. Furlong oversees MIAC’s due diligence group which completes loan portfolio reviews for numerous clients including the FDIC.