Credit Scoring and Risk Strategy Association now balanced to include
TORONTO, Sept. 15 /CNW/ -- Solidifi Inc., a leading technology-based
provider of collateral valuation and risk management services to the mortgage
lending industry, announced that it has been selected from among a field of
industry vendors for a prestigious membership position within the Credit
Scoring and Risk Strategy Association (CSRSA).
The CSRSA is a unique not-for-profit organization devoted to the
advancement of consumer and small business lending with a focus on
credit/operational credit risk management processes, governance, predictive
modeling, and fraud management. Only 12 vendors are permitted as sponsor
members at any given time. Solidifi was chosen from multiple companies
competing for a single open position this year.
"We are thrilled to have been chosen to receive membership status with
the CSRSA," said Jason Smith, CEO of Solidifi. "Risk managers are coming to
the realization that collateral valuation is a critical component of effective
risk management. We were successful in demonstrating to the organization's
leadership that Solidifi has the experience and the experts to deliver real
value to CSRSA members."
Jeff Dumba is an executive with HSBC Canada and a CSRSA board member that
was involved in this year's sponsor member selection process.
"Ours is a venue in which we share best practices and discuss issues and
opportunities with like-minded people who all have their own particular
viewpoints in the market. We work to find sponsor members that are very much
aligned with what our members are thinking. Solidifi fit that bill," Dumba
said. "What really tipped the scales for Solidifi was the enthusiasm," Dumba
added. "It was very refreshing. They always came through in a very positive
way. They were really looking to help."
CSRSA recognized the need to expand the risk management discussion from
consumer credit, where the organization began, to collateral risk. Solidifi
brings a wealth of collateral valuation experience to the Association and will
begin leveraging it for the benefit of members starting at a General Meeting
on September 30th at The Board of Trade where the company will present
"Mortgage Lending in 2008/2009 - A Renewed Focus on Collateral Risk Management
and Property Valuation." The presentation will discuss how a lack of focus on
collateral risk management was a key contributor to the mortgage crisis in the
U.S. and how through a renewed focus on collateral risk management, utilizing
appropriate tools and processes, lenders in the North American marketplace can
better mitigate and manage potential losses.
About Solidifi Inc.
Solidifi is a leading provider of collateral valuation, risk management
and data analytic services to the North American mortgage industry. Solidifi
provides mortgage lenders and professionals with a flexible service platform
for procuring collateral valuations from marketplace vendors and appraisers,
with complete transparency and data to make "incredibly smart decisions".
Solidifi currently serves leading global financial institutions and is located
in Chicago, Toronto, Montreal and Calgary. For more information, visit
For more information, please contact:
Director, Marketing & Communications
For further information:
For further information: Mike Kraemer, Director, Marketing &
Communications, Solidifi Inc., +1-905-739-1212, Fax: 905-739-1222,
email@example.com Web Site: http://www.solidifi.com