Summary
The anticipated requirement includes: Task A - Independent validation of Single Family Forward and HECM models. Task B -Independent validation of Commercial models supporting Multifamily, Section 232, and Section 242 portfolios. Task C - Development and execution of an independent challenger analytical framework for validation, benchmarking, sensitivity analysis, and comparative assessment. HUD anticipates requiring a multidisciplinary team with experience in quantitative
modeling, mortgage finance, actuarial and econometric analysis, credit risk, cash-flow modeling, programming, data engineering, and model risk management. See attached file.