In this episode of The AiCR Exchange, Joe Furlong is joined by Dean Hurley, who leads MIAC’s Whole Loan Valuation Group, for a detailed look at how residential, commercial, and consumer whole loans are valued in today’s market.
They discuss MIAC’s structured valuation process, including data normalization, assumption setting, cash flow modeling, and supervisory review. The conversation highlights why data quality is critical, how assumptions are applied when data is incomplete or inconsistent, and how disciplined processes support defensible valuations.
Joe and Dean also explore how spreads are determined, how market demand influences pricing beyond pure mathematical models, and why valuation requires both analytical rigor and practical market judgment. The episode covers current pricing dynamics in residential and non-QM markets, stress testing frameworks, and how macroeconomic scenarios impact portfolio values and credit loss projections.
The discussion closes with Dean’s perspective on interest rates, yield curve shifts, and what the next 12 to 24 months may look like for mortgage origination and loan pricing.
The AiCR Exchange features conversations with leaders across mortgage and financial services on document workflows and technology decision-making.