In response to fluctuations in the mortgage marketplace due to the COVID-19 crisis, ZM Financial Systems (ZMFS) recently refit their proprietary prepayment model. The model treats different collateral types equally under a unified framework and projects voluntary and involuntary prepayments simultaneously. Collateral coverage includes conforming 30-year, 15-year, hybrid ARMs and Jumbo mortgages.
Crisis Simulations and Strategies: Financial Institutions Connect to Discuss Forbearance Modeling, Negative Rates and SOFR
More than 70 of ZM Financial Systems’ clients connected virtually this week to discuss simulations and strategies regarding modeling in this uncertain economic time. This peer-led roundtable focused on the impact the COVID-19 outbreak is having on financial institutions.
ZM Financial Systems (ZMFS) recently received third-party model certification validation for its web-based asset liability management model, OnlineALM.com (Version 4.70). Certified by ALM First Analytics, LLC, OnlineALM.com “accurately produces results and model estimates are in-line with expectation.”
As the importance of integrated balance sheet management continues to grow, three banks are utilizing ZM Financial Systems’ (ZMFS) whole suite of SAAS balance sheet management solutions: OnlineALM.com, OnlineBudgeting and OnlineCECL. Read more...
Celebrating a successful 16th year in business, ZM Financial Systems (ZMFS) continues its focus on innovation with the addition of new hires Mike Bollinger, Kayla Nie and Dan Delean. These individuals will assist ZMFS in the areas of behavior modeling, reporting, information technology and client management.
Chartis Research selects ZM Financial Systems (ZMFS) as “Best of Breed” in their prestigious RiskTech Quadrant for fixed-income technology solutions.
ZM Financial Systems (ZMFS) recently received third-party model certification validation for its flagship product, ZMdesk™ (Version 4.70). Certified by ALM First Analytics, LLC, ZMdesk users “can have confidence that the fundamental calculations and operational capabilities of ZMdesk are accurate and the modeling theory is sound.”
ZM Financial Systems is pleased to welcome The Farmers Bank of Willards as our newest Online CECL client. A leader among independent community banks, The Farmers Bank of Willards is located in Willards, MD, with eight branches serving the Wicomico and Worcester counties.
When it comes to meeting CECL regulations, what do a $400M bank, a $7B credit union and a service bureau all have in common? All are moving forward with ZM Financial Systems’ CECL solutions to meet the forthcoming regulatory demands.
FirstBank, headquartered in Nashville, Tenn., is the newest institution to move to ZMFS. With $5.7B in assets, FirstBank has 56 branches serving Tennessee, Alabama and Georgia.