VantageScore makes a splash at SFIG Vegas 2017
VantageScore Solutions once again loomed large at SFIG Vegas 2017, this year’s edition of the world’s largest capital markets conference. Sponsored by the Structured Finance Industry Group, the event brings together professionals from a variety of businesses and disciplines to focus on trends and best practices in the process of loan securitization.
VantageScore used the event to spotlight the VantageScore Default Risk Index (DRI), a tool designed to highlight the effective use of credit scores to evaluate default risk in groups of consumer loans, such as those that might be bundled into mortgage-backed securities (MBS) or other asset-backed securities (ABS).
To help familiarize conference attendees with the DRI, VantageScore distributed copies of a guest editorial in Asset Securitization Report by VantageScore SVP Mike Trapanese. The article, “Industry’s Flawed Reliance on Credit Scores Leads to Confusion,” addressed a flaw in the way many securitization-industry professionals use credit scores to measure risk in pools of consumer loans.
VantageScore CEO Barrett Burns (center) addresses SFIG’s advocacy agenda for 2017.
VantageScore Solutions CEO Barrett Burns, a member of the SFIG Executive Committee, also took part in a group discussion on the organization’s advocacy agenda for 2017, which touched on topics including anticipated regulatory changes under the Trump administration and the future role of the Consumer Financial Protection Bureau.
VantageScore also shared with SFIG its longstanding affiliation with the National Association of Hispanic Real Estate Professionals (NAHREP) by sponsoring a performance of the stirring one-man play “53 Million & One,” written and performed by NAHREP Foundation Chair Gerardo “Jerry” Ascencio. Via projected video, sound effects, stage props and costume changes—not to mention Ascencio’s professional chops as a singer and mariachi guitarist—the show vividly evoked the American Dream and the central role homeownership plays in it.
NAHREP Foundation Chair Gerardo “Jerry” Ascencio brings to life the story of his family’s journey to U.S. citizenship, homeownership, and business success.
Amid all the educational presentations and panels, there was still time for some socializing, and a highlight was the Sunday-night welcoming reception sponsored by VantageScore. The party has become the company’s signature event at the conference, and this year attracted more than 600 conference attendees. Partygoers stopped by The Jewel nightclub at the Aria hotel to mingle, move to the sounds of a top Las Vegas DJ, and partake of food and drink, including VantageScore’s trademark cocktail, the Vantini.
SFIG Vegas 2017 attendees mingle, munch and move at the welcoming reception sponsored by VantageScore Solutions.
VantageScore (and the Vantini) will return for SFIG Vegas 2018.