MBA Premier Member Profile: Milliman Inc.

Dychkewich, Julie 

(One in a continuing series of Premier Members of the Mortgage Bankers Association)  

Milliman Inc., Seattle, is dedicated to delivering customized and cost-effective solutions to measuring and managing the unique risks associated with originating and servicing mortgages, providing credit enhancement and conducting risk share analytics.  

Our consultants specialize in statistical, actuarial and econometric risk-assessment techniques that are applied to numerous financial and operational processes such as:  

–Credit Risk Analytics

–Risk Sharing

–Strategic/competitive positioning

–Mortgage risk scoring

–Mortgage performance estimates

–Product development and pricing

–Loan loss reserving

–Underwriting process and rules engines

–Pre- and post-funding quality control process design and reviews

–Loss mitigation analytics

–Fraud or defect identification tools

–RMBS Valuations  

Every engagement is different and each has its own unique set of opportunities. In recognition of this, we strive for long-term collaborative relationships that address our client’s specific requirements and build upon their successes. Our analysis methodology represents a blend of quantitative and qualitative approaches. Our quantitative analysis is built on a straight-forward yet flexible set of integrated economic and actuarial models. Qualitative approaches are based on decades of direct industry experience. Most of our risk management solutions are based on a foundation of unique modeling “objects” that can be leveraged and shared across many operational areas.  

Milliman is among the world’s largest independent actuarial and consulting firms. With more than 3,200 employees and revenues of U.S. $907million in 2015, the firm serves the full spectrum of business, governmental, and financial organizations.  

Milliman was founded in 1947 and today has offices in principal cities worldwide, covering markets in North America, Latin America, Europe, Asia-Pacific and the Middle East.  

For more information, visit or call (262) 796-3355.  

MBA NEWSLINK: What trends might your company find compelling in the next few years?  

MILLIMAN INC.: Our industry continues to evolve to meet the credit and financing needs of the borrower. The expansion of product guidelines and corresponding risk will require comprehensive analytic tools to monitor potential exposure. Lenders may need additional ways to evaluate new business opportunities that fit within their risk tolerance. To be effective, lenders will need ways to evaluate sharing some of this credit risk.  

We believe the evaluation and retention of credit risk will become an increasingly important aspect of mortgage lending as the risk sharing market continues to evolve and as data becomes cheaper and easier to access. We expect new and varying forms of credit risk share structures to become more prevalent as industry participants become more comfortable with terms and structures.  

NEWSLINK: What is the single most important issue facing your company right now?  

MILLIMAN: Milliman thrives on change. We are positioned to assist our clients with their risk evaluation needs as well as customized solutions for determining new business opportunities. The most important issue for our company is remaining at the forefront of change.  

NEWSLINK: Why did your company join the Mortgage Bankers Association?  

MILLIMAN: We joined MBA many years ago to be among the best in the industry. We are proud to be a Premier member of the MBA. We are active on committees and have spoken on risk management topics at many industry conferences, webinars, Mortgage Banking Bound and other events.  

NEWSLINK: How has being a Premier level member benefited your company?  

MILLIMAN: Our company has been highlighted and promoted via MBA communication vehicles as well as the opportunity to attend select meetings. We appreciate the ability to connect with the MBA membership base via advertisement and marketing opportunities. We are very pleased to be a MBA Premier member.  

(MBA Premier Member Profiles are a service provided by the Mortgage Bankers Association and MBA NewsLink as a service to MBA Premier Members. Publication does not constitute an endorsement of a particular company, product or service. For more information about the MBA Premier Member program, contact Julie Dychkewich at or 202/557-2779.)