Dick Kazarian

Director of Borrower Analytics at MIAC Analytics

Speaker

Dick Kazarian is a Managing Director at MIAC, where he leads the Borrower Analytics Group. His team is responsible for the development, implementation, and ongoing maintenance of MIAC’s Core™ Residential Models, which are integrated across the firm’s proprietary software platforms. The Borrower Analytics Group also manages MIAC’s data infrastructure, including the SPA™ platform and a suite of data products such as the MIMs Survey.

Mr. Kazarian brings over 25 years of experience in the financial services industry, with a background spanning both bulge bracket broker-dealers and boutique investment firms. Prior to joining MIAC in 2018, he headed the Securitized Products Model Review Group (MRG) at J.P. Morgan, where he led the validation of the investment bank’s models, including those for prepayment and default, mortgage servicing rights (MSRs), Value-at-Risk (VaR), stressed VaR, and Heath-Jarrow-Morton (HJM) multi-factor rate model propagation.

Prior to the great financial crisis, Mr. Kazarian spent 12 years in the Quantitative Mortgage Research Group at Lehman Brothers Holdings. In that role, he was responsible for developing models used by numerous stakeholders, including trading desks, investment banking, due diligence, and origination affiliates. His work also included the benchmarking of servicers and originators and the assessment of counterparty risk. Dick was an active member of the Mortgage Division’s Risk Management Committee, which oversaw the firm’s mortgage origination subsidiaries.

Before transitioning to the private sector, Mr. Kazarian was an Assistant Professor at the University of Michigan. Dick holds a Ph.D. in Finance and Econometrics from the University of Chicago (1993) and a B.S. from Cornell University (1981).