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10.28.12 Migration Metrics demonstrates the Risk Migration Analysis system at the 2012 RMA Annual Risk Management Conference October 28 - 30. read more » 10.15.11 Migration Metrics demonstrates the Risk Migration Analysis system at the 2011 RMA Annual Risk Management Conference October 16 - 18. read more » 10.10.10 Migration Metrics demonstrates the Risk Migration Analysis system at the 2010 RMA Annual Risk Management Conference October 17 - 19. read more » 11.02.09 Migration Metrics demonstrates the Risk Migration Analysis system at the 2009 RMA Annual Risk Management Conference November 8 - 10. read more » 08.13.08 Migration Metrics demonstrates the Risk Migration Analysis system at the 2008 RMA Annual Risk Management Conference October 18 - 21. read more » 04.22.08 Migration Metrics demonstrates the Risk Migration Analysis system at the 2008 BAI National Loan Review Conference April 28 - 30. read more » 11.02.07 Migration Metrics' Glenn Bailey to Lead Information Session on Risk Migration Analysis at RMA Annual Risk Management Conference. read more » 07.06.07 Migration Metrics announces significant growth in customer acceptance and usage of the Risk Migration Analysis system. read more » 07.05.07 Migration Metrics demonstrates the Risk Migration Analysis system at the 2007 RMA Retail Risk Conference July 11-13. read more » 07.12.06 Old Southern Bank Selects the Risk Migration Analysis system for Credit Quality Analysis and Reporting. read more » 07.11.06 Migration Metrics demonstrates the Risk Migration Analysis system at the 2006 RMA Retail Risk Conference July 17-19. read more » 05.04.06 Migration Metrics' Glenn Bailey to Discuss Risk Migration Analysis at RMA Southeastern Conference on Lending Success. read more » 01.23.06 The South Financial Group Implements the Risk Migration Analysis System. read more » 10.08.05 Migration Metrics demonstrates the Risk Migration Analysis system at the 2005 Risk Management Association Annual Conference Oct 8-11. read more » 06.20.05 Migration Metrics announces significant enhancements to the Risk Migration Analysis System including dual rating support and calculation of PDs, consumer portfolio migration analysis and migration exception reporting. read more » 05.16.05 Migration Metrics demonstrates the Risk Migration Analysis system at the BAI Audit, Compliance and e-Security conference May 23-25. read more » 03.16.05 Migration Metrics is a Corporate Sponsor of this years BAI National Loan Review Conference. read more » 12.02.04 Leading regional bank goes into production with the Risk Migration Analysis system. read more » 10.17.04 Migration Metrics presents the Risk Migration Analysis system at the Risk Management Association Annual Conference. read more » 03.11.04 Migration Metrics is formed by the members of NCS to make the Risk Migration Analysis system available to other financial institutions. read more » 09.04.03 The Risk Migration Analysis system goes into production at AmSouth Bank supporting 125,000 active loans and 7 years of loan history. read more » 01.02.02 AmSouth Bank contracts North Center Software (NCS) to develop a Risk Migration Analysis system. read more »
Migration Metrics Demonstrates the Risk Migration Analysis system at the 2012 RMA Annual Risk Management Conference
CHICAGO, IL – October 28, 2012 – Migration Metrics is an exhibitor at this years RMA Annual Risk Management Conference being held in Dallas, Texas October 28 - 30. Representatives will be available to provide customized demonstrations of the Risk Migration Analysis System and to discuss its application to loan review, credit quality and allowance forecasting with attendees.
Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines automated updates, portfolio filtering, risk migration analysis, and drill down reporting into a single system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast. For more information on this conference, see the conference web site at www.rmahq.org. About Migration Metrics LLC Migration Metrics was founded in 2004 as the exclusive provider of the Risk Migration Analysis system. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support other back-office and regulatory reporting requirements. For additional information, visit www.migrationmetrics.com.
Migration Metrics Demonstrates the Risk Migration Analysis system at the 2011 RMA Annual Risk Management Conference
CHICAGO, IL – October 10, 2011 – Migration Metrics is an exhibitor at this years RMA Annual Risk Management Conference being held in Washington, DC October 16 - 18. Representatives will be available to provide customized demonstrations of the Risk Migration Analysis System and to discuss its application to loan review, credit quality and allowance forecasting with attendees.
Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines automated updates, portfolio filtering, risk migration analysis, and drill down reporting into a single system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast. For more information on this conference, see the conference web site at www.rmahq.org. About Migration Metrics LLC Migration Metrics was founded in 2004 as the exclusive provider of the Risk Migration Analysis system. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support other back-office and regulatory reporting requirements. For additional information, visit www.migrationmetrics.com.
Migration Metrics Demonstrates the Risk Migration Analysis system at the 2010 RMA Annual Risk Management Conference
CHICAGO, IL – October 10, 2010 – Migration Metrics is an exhibitor at this years RMA Annual Risk Management Conference being held in Baltimore, Maryland October 17 - 19. Representatives will be available to provide customized demonstrations of the Risk Migration Analysis System and to discuss its application to loan review, credit quality and allowance forecasting with attendees.
Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines automated updates, portfolio filtering, risk migration analysis, and drill down reporting into a single system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast. For more information on this conference, see the conference web site at www.rmahq.org. About Migration Metrics LLC Migration Metrics was founded in 2004 as the exclusive provider of the Risk Migration Analysis system. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support other back-office and regulatory reporting requirements. For additional information, visit www.migrationmetrics.com.
Migration Metrics Demonstrates the Risk Migration Analysis system at the 2009 RMA Annual Risk Management Conference
CHICAGO, IL – November 2, 2009 – Migration Metrics is an exhibitor at this years RMA Annual Risk Management Conference being held in Lake Buena Vista, FLA November 8 - 10. Representatives will be available to provide customized demonstrations of the Risk Migration Analysis System and to discuss its application to loan review, credit quality and allowance forecasting with attendees.
Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines automated updates, portfolio filtering, risk migration analysis, and drill down reporting into a single system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast. For more information on this conference, see the conference web site at www.rmahq.org. About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support other back-office and regulatory reporting requirements. For additional information, visit www.migrationmetrics.com.
Migration Metrics Demonstrates the Risk Migration Analysis system at the 2008 RMA Annual Risk Management Conference
CHICAGO, IL – October 13, 2008 – Migration Metrics is an exhibitor at this years RMA Annual Risk Management Conference being held in Baltimore, MD October 18 - 21. Representatives will be available to provide customized demonstrations of the Risk Migration Analysis System and to discuss its application to loan review, credit quality and allowance forecasting with attendees.
Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines automated updates, portfolio filtering, risk migration analysis, and drill down reporting into a single system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast. For more information on this conference, see the conference web site at www.rmahq.org. About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support other back-office and regulatory reporting requirements. For additional information, visit www.migrationmetrics.com.
Migration Metrics Demonstrates the Risk Migration Analysis system at the 2008 BAI National Loan Review Conference
CHICAGO, IL – April 22, 2008 – Migration Metrics is an exhibitor at this years BAI National Loan Review conference being held in Washington DC April 28 - 30. Representatives will be available to provide customized demonstrations of the Risk Migration Analysis System and to discuss its application to loan review, credit quality and allowance forecasting with attendees.
Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines automated updates, portfolio filtering, risk migration analysis, and drill down reporting into a single system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast. For more information on this conference, see the conference web site at www.bai.org/nlr/. About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support other back-office and regulatory reporting requirements. For additional information, visit www.migrationmetrics.com.
Migration Metrics' Glenn Bailey to Lead Information Session on Risk Migration Analysis at RMA Annual Risk Management Conference CHICAGO, IL – Oct 2, 2007 – Migration Metrics, provider of industry-leading risk migration analysis software, today announced that Glenn Bailey, a Migration Metrics co-founder and principal, will lead an Information Session on Risk Migration Analysis at the RMA Annual Risk Management Conference at the Sheraton New Orleans Hotel in New Orleans, LA. The RMA Annual Risk Management Conference is the premier conference on Risk Management and provides opportunities to gain insight on credit risk trends, key issues and successful practices. The session is scheduled for Sunday, October 21 from 4:30 to 6:00 PM and will include risk migration analysis practices and applications with a focus on current issues in commercial real estate and dual ratings structures. There is no additional charge to conference attendees who wish to attend this session. For more information on this conference, see the conference website. About the Risk Migration Analysis System Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis System enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines automated updates, portfolio filtering, risk migration analysis, and drill down reporting in a single turnkey system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast.
Migration Metrics Announces Significant Growth in Customer Acceptance and Usage of the Risk Migration Analysis system
CHICAGO, IL – July 6, 2007 – Migration Metrics, provider of industry-leading risk migration analysis software, announced significant growth in customer acceptance of the the Risk Migration Analysis System with a doubling of the customer base over the last 12 months. Many more financial institutions are currently evaluating the system to support their credit risk management needs.
Equally significant is the diversity of banks using the system and applications the system supports:
"We are seeing acceleration and expansion in our customers needs for accurate, verifiable, and actionable information on the credit quality of their loan portfolios”, said Glenn Bailey, Managing Principal at Migration Metrics. “As commitments made to regulators approach due dates, banks are reaching for solutions that put them in control of their data instead of the other way around.” Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, the Risk Migration Analysis system combines automated updates, portfolio filtering, risk migration analysis, and drill down reporting into a single system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast.
About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support other back-office and regulatory reporting requirements. For additional information, visit www.migrationmetrics.com.
Migration Metrics Demonstrates the Risk Migration Analysis system at the 2007 RMA Retail Risk Conference
CHICAGO, IL – July 5, 2007 – Migration Metrics is an exhibitor at this years RMA Retail Risk conference being held in Chicago, IL July 11 - 13. Representatives will be available to provide customized demonstrations of the Risk Migration Analysis System and to discuss its application to credit quality and allowance forecasting with attendees.
Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines automated updates, portfolio filtering, risk migration analysis, and drill down reporting into a single system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast.
About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support other back-office and regulatory reporting requirements. For additional information, visit www.migrationmetrics.com.
Old Southern Bank Selects the Risk Migration Analysis System for Credit Quality Analysis and Reporting CHICAGO, IL – July 12, 2006 – Migration Metrics today announced that Old Southern Bank, Central Florida's newest community bank, has selected the Risk Migration Analysis System as a key part of its credit quality management program. Old Southern Bank recently opened it's first branch in Clermont with additional branches planned to open soon.
"The selection of the Risk Migration Analysis system by Old Southern Bank demonstrates that forward thinking Community Banks have as much to gain through this technology as do larger financial institutions”, said Glenn Bailey, Managing Principal at Migration Metrics. “By selecting the right credit quality management tools early on, small community banks can lay the groundwork for sound credit quality management as they grow, enabling them to maintain strong credit quality while expanding to meet the needs of their customers.”
About the Risk Migration Analysis System Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines automated updates, portfolio filtering, risk migration analysis, and drill down reporting in a single turnkey system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast.
About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis system and to extend the Risk Management platform to support other back-office and regulatory reporting needs. For additional information, visit www.migrationmetrics.com.
Migration Metrics Demonstrates the Risk Migration Analysis system at the 2006 RMA Retail Risk Conference
CHICAGO, IL – July 12, 2006 – Migration Metrics is an exhibitor at this years RMA Retail Risk conference being held in Chicago, IL July 17 - 19. Representatives will be available to provide customized demonstrations of the Risk Migration Analysis System and to discuss its application to credit quality and allowance forecasting with attendees.
Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines portfolio filtering, risk migration analysis, and drill down reporting into a single system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast.
About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support other back-office and regulatory reporting requirements. For additional information, visit www.migrationmetrics.com.
Migration Metrics' Glenn Bailey to Discuss Risk Migration Analysis at RMA Southeastern Conference on Lending Success CHICAGO, IL – May 4, 2006 – Migration Metrics, provider of industry-leading risk migration analysis software, today announced that Glenn Bailey, a Migration Metrics co-founder and principal, will deliver a presentation on Risk Migration Analysis at the RMA Southeastern Conference on Lending Success on May 12 at the Renaissance Marriott International Plaza Hotel in Tampa, Florida. The RMA Southeastern Conference on Lending Success is the premier annual chapter conference for Risk Management professionals in the Southeast and provides opportunities to gain insight on key issues and successful practices. Mr. Baileys presentation will be delivered during two breakout sessions in the afternoon and will include risk migration methodologies, product type analysis, obligor vs. facility analysis, data quality/sourcing and applications to ALLL, Loan Review, and rating system calibration. For more information on this conference, see the conference website at www.rmahq.org/RMA/Southeasternconference. About the Risk Migration Analysis System Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines automated updates, portfolio filtering, risk migration analysis, and drill down reporting in a single turnkey system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast.
About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis system and to extend the Risk Management platform to support other back-office and regulatory reporting needs. For additional information, visit www.migrationmetrics.com.
The South Financial Group Implements the Risk Migration Analysis System CHICAGO, IL – January 23, 2006 – Migration Metrics today announced the successful implementation of its Risk Migration Analysis System at The South Financial Group (TSFG), a 15 billion dollar holding company headquartered in Greenville, South Carolina. TSFG plans to use the system as a key part of its credit quality management program for commercial and consumer loans.
"The Risk Migration Analysis system will enhance TSFG’s ability to recognize credit trends, identify concentration risk and forecast reserve requirements with greater speed and accuracy”, said Glenn Bailey, Managing Principal at Migration Metrics. “We are confident that the system will help them satisfy increasingly stringent regulatory requirements while providing new insights and opportunities within their credit portfolio.”
About the Risk Migration Analysis System Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines automated updates, portfolio filtering, risk migration analysis, and drill down reporting in a single turnkey system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast.
About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis system and to extend the Risk Management platform to support other back-office and regulatory reporting needs. For additional information, visit www.migrationmetrics.com.
Migration Metrics Demonstrates the Risk Migration Analysis system at the 2005 RMA Annual Conference
CHICAGO, IL – October 8, 2005 – Migration Metrics is an exhibitor at this years RMA National Conference being held in Washington, DC October 8 - 11. Representatives will be available to provide customized demonstrations of the Risk Migration Analysis System and to discuss its application to credit quality and allowance forecasting with attendees.
Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines portfolio filtering, risk migration analysis, and drill down reporting into a single system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast.
About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support other back-office and regulatory reporting requirements. For additional information, email info@migrationmetrics.com.
Migration Metrics Announces Significant Enhancements to the Risk Migration Analysis System
CHICAGO, IL – June 20, 2005 – Migration Metrics has announced significant enhancements to the Risk Migration Analysis system. The enhancements include support for dual ratings migrations and calculation of PDs, consumer portfolio migration analysis and migration exception reporting: Dual Ratings and Calculation of PDs: Includes the ability to maintain and migrate either loans or obligors based on separate ratings scales. Probability of Default (PD) for obligors can be calculated using either a rating threshold or a days-past-due threshold. Consumer Portfolio Migration: Consumer portfolios differ from commercial portfolios in the data available for migration analysis. Many financial institutions use FICO scores or days-past-due as a proxy for the rating on a mortgage or auto loan. These values can now be specified and utilized for migrating a consumer loan portfolio. Additionally, values such as Loan to Value (LTV), New/Used or any other customer-supplied criteria can be used to filter the consumer portfolio into homogeneous pools for analysis. Migration Exception Reporting: A current feature of the Risk Migration Analysis system is the ability to filter out loans or obligors that contain invalid values (e.g., a negative value for loan balance) that would contaminate the migration results. These invalid values are now available in a detail exception report - enabling users to identify specific loans or obligors with faulty data values. All of the above described enhancements will be available in Release 2.35 - available to customers in the 3rd quarter of 2005. About the Risk Migration Analysis System Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines portfolio filtering, risk migration analysis, and drill down reporting into a single system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast.
About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support other back-office and regulatory reporting requirements. For additional information, email info@migrationmetrics.com.
Migration Metrics Demonstrates the Risk Migration Analysis system at the BAI Audit, Compliance and e-Security Conference
CHICAGO, IL – May 16, 2005 – Migration Metrics is an exhibitor at this years BAI Audit, Compliance and e-security Conference being held in Miami May 23 - 25. Representatives will be available to provide customized demonstrations of the Risk Migration Analysis System and to discuss its application to audit and compliance requirements with conference attendees. Additional information about the conference can be found at http://www.bai.org/ace2005/agenda/precon.asp.
Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure. Unlike other software, it combines portfolio filtering, risk migration analysis, and drill down reporting into a single system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast.
About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support other back-office and regulatory reporting requirements. For additional information, email info@migrationmetrics.com .
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Migration Metrics is a Corporate Sponsor of the BAI National Loan Review Conference
CHICAGO, IL – March 16, 2005 – Migration Metrics is a Corporate sponsor of the BAI National Loan Review Conference being held in New Orleans March 21 - 23. Representatives will be available to provide customized demonstrations of the Risk Migration Analysis System and to discuss credit quality needs and risk migration applications with conference attendees. Additional information about the conference can be found at www.bai.org/nlr2005.
Migration Metrics developed the Risk Migration Analysis System to analyze historical credit performance and reveal credit loss trends for any class of loans and at every level of granularity. It enables lenders to use the historical portfolio performance to help determine future losses, evaluate the effectiveness of existing risk rating policies, and identify areas of exposure. It also provides auditable reporting results that can be instrumental in maintaining credibility with regulators and auditors.
About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support other back-office and regulatory reporting requirements. For additional information, email info@migrationmetrics.com .
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Leading Regional Bank goes into Production with the Risk Migration Analysis system
CHICAGO, IL – December 2, 2004 – A leading regional bank has become the second customer in the Southeast to go into production with the Risk Migration Analysis System. Earlier in 2004, Migration Metrics was awarded this contract over several established industry vendors after an extensive RFP was conducted by the bank. As part of the RFP and implementation process, the bank conducted extensive research and testing of the systems flexibility, security, data integrity and network compatibility. The on-site installation was accomplished in just 2 days with user training and acceptance completed in only 4 hours. The bank plans to use the Risk Migration Analysis system to:
Migration Metrics is respecting this banks policy of non-endorsement. Additional information regarding this customer may be made available to qualified parties.
About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support additional back-office and regulatory reporting requirements. For additional information, email info@migrationmetrics.com .
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Migration Metrics LLC Announces New Risk Migration Analysis System
Leading Financial Institution Implements Software that Actively Manages Credit Quality and Forecasts Reserve Requirements
CHICAGO, IL – October 17, 2004 – Migration Metrics LLC today unveiled its new Risk Migration Analysis System at the Annual Risk Management Conference in Anaheim, Calif. Designed to help leading financial institutions manage credit quality and set reserve requirements, the system is currently in production at AmSouth Bank and is being evaluated by a number of financial institutions ranging in size from $1 billion to over $50 billion in assets.
Migration Metrics developed the Risk Migration Analysis System to analyze historical credit performance and reveal credit loss trends for any class of loans and at every level of granularity. It enables lenders to use the historical portfolio performance to help determine future losses, evaluate the effectiveness of existing risk rating policies, and identify areas of exposure. It also provides auditable reporting results that can be instrumental in maintaining credibility with regulators and auditors.
"The Risk Migration Analysis System is a great tool that will enhance our ability to analyze our loan portfolio and identify trends earlier,” said Kimble Vardaman, Senior Vice President at AmSouth Bank. “It will certainly help us meet the increased expectations in portfolio risk management in today's banking environment."
“Today, lenders face heightened scrutiny by regulators and auditors and must therefore demonstrate increased accuracy and integrity in their credit quality reporting and forecasting,” said Glenn Bailey, President of Migration Metrics. “Unlike any software available today, the Risk Migration Analysis System places powerful risk migration tools in the hands of credit risk managers, enabling them to easily identify credit loss trends for any subset of their portfolio, substantiate their Allowance for Loan Losses, and identify tangible opportunities for improving overall credit quality. The System is a critical component of every credit quality toolkit and a key contributor to regulator and auditor confidence in a lenders ability to manage credit risk.”
The Risk Migration Analysis System: • Integrates easily with any loan accounting system • Maintains a historical database of loan values and related dimensions (e.g., Obligor, Collateral, SIC, etc.) • Provides a browser-based user interface that is platform independent • Enables business users to easily identify a portion of the portfolio for analysis • Provides historical risk migration analysis at the portfolio, obligor and loan level • Forecasts future losses by risk rating • Provides user-customizable summary, detail and graphical reports.
About Migration Metrics LLC Migration Metrics was founded in 2004 as a spin-off of North Center Software – a provider of credit quality software and services to leading financial institutions since 2001. Migration Metrics charter is to market, support and evolve the Risk Migration Analysis System and to extend the Risk Migration platform to support additional back-office and regulatory reporting requirements. For additional information, email info@migrationmetrics.com .
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