Ventera is pleased to announce that we co-hosted a Mortgage Credit Risk Roundtable with the Massachusetts Institute of Technology (MIT) Golub Center for Finance and Policy on July 18 at the MIT Sloan School of Management. Ventera SVP of Financial Solutions Sharath Sharathchandra and Executive Director of the Golub Center Ed Golding were the joint organizers. The participants included senior leaders …
House Price Declines and Recessions: Part II
SUMMARY We conducted a study in Dec 2023 that revealed a trend showing US states with lower growth in house prices were more likely to also have experienced higher increases in unemployment rates. In past housing downturns, states that experienced deeper declines in house prices generally also experienced higher increases in unemployment. Therefore, any emerging signs of such a relationship …
Ventera NAC Program Receives FNS CoE Awards
Ventera is excited to announce the FNS National Accuracy Clearinghouse (NAC) program, developed, implemented, and supported by Ventera, was the recipient of the FNS Circle of Excellence (CoE) Award in the following categories: Promote USDA Operational Excellence Through Better Use of Technology and Shared Solutions Organizational Champion/SES Award for the Office of Information Technology (Ventera program lead was named on …
House Price Declines and Recessions: Part I
SUMMARY Historically, whenever house prices in the US have risen at a rapid and excessive rate, they have subsequently tended to decline. Further, these house price declines have been accompanied by an economic recession, either at a regional or national level. At a state level, the historical data also shows that states with the biggest house price declines generally tend …
What To Know About the AI Executive Order: 6 FAQs
The White House executive order on responsible AI development and the OMB draft guidance on managing agency adoption establish requirements for the Federal use of Artificial Intelligence technology. As noted in the OMB draft guidance, in 2023, US federal agencies identified over 700 ways they use AI to advance their missions, and this number is only likely to grow as …
Are You Ready for AI?
Introduction Navigating the intricate challenges of implementing a successful artificial intelligence (AI) strategy requires a comprehensive approach, where each interlocking strategic component plays a crucial role in overall success. Organizations need to coordinate all AI-relevant factors to ensure their AI strategy’s compatibility with long-term business objectives. This article presents the six most critical AI strategic factors, spanning data acquisition and …
AI is a Tool of Last Resort
Introduction Artificial Intelligence (AI) has garnered immense attention and investment in recent years, promising to revolutionize all aspects of business. However, indiscriminate application of AI to business problems, regardless of practicality, can introduce unnecessary solution complexity at higher than necessary costs. This article emphasizes that AI should be reserved only for select business cases when specific project factors are present. …
CMS awards Enterprise Shared Services (ESS-II) Recompete Contract to Ventera
Ventera has been awarded the Enterprise Shared Services (ESS-II) recompete contract by the Centers for Medicare and Medicaid Services (CMS). This is a five-year engagement to continue our work on this program, providing shared services and tools in support of the Application Development Organizations (ADOs) for the Center for Clinical Standards (CCSQ) Health Care Quality Information Systems (HCQIS) ecosystem. Since …
Ventera Awarded Three-Year Contract with USDA FPAC
Ventera is thrilled to announce we have been awarded a contract for the Odin task order under our USDA FPAC NRCS ELM-4 BPA contract vehicle. The project is a three-year endeavor providing development, modernization, and enhancements support, and operations and maintenance for the Natural Resources and Conservation Service. The NRCS provides America’s farmers and ranchers with financial and technical assistance to …
Ventera Celebrates After-School All-Stars 10-year Anniversary
Ventera employees and their families joined the After-School All-Stars for their spring “un-gala” fundraiser event, celebrating 10 years of ASAS providing free, comprehensive after-school programs designed to assist under-resourced students in the DC area. It was a lively evening of celebrations at the historic RFK grounds in DC that included local food trucks, live music, and student performances. “It was …
Chief Data Officer Role for a Business Domain
BACKGROUND There have been several articles about the role of a Chief Data Officer (CDO) of an enterprise. In this white paper, I discuss the role of a CDO in a business domain within the enterprise. By “business domain”, I am referring to a business area within an enterprise which could either be a line of business (LOB) having a …
Data Strategy for a Business Domain: An Application of Data Mesh
BACKGROUND There have been various articles about enterprise data strategy. In this white paper, I discuss the data strategy for a business domain within the enterprise. By “business domain”, I refer to a business area within an enterprise which could either be a line of business (LOB) having a P&L or a shared service such as finance, HR, IT or …
Ventera Awarded Five-Year Contract with DHS S&T
Ventera is excited to announce we have been awarded a five-year follow-on contract with the Department of Homeland Security (DHS) Science and Technology (S&T) Directorate for development and maintenance of the S&T Analytical Tracking System (STATS). STATS is a web-based system supporting financial and acquisition tracking information. In conjunction with DHS, Ventera developed STATS to replace several old legacy systems …
How High Will Mortgage Defaults Go?
In my article on Aug 5, I had said that we are likely to see a major decline in house prices leading to a large number of mortgage defaults. By now, house prices have started to drop with the Case-Shiller Index (CSI) showing declines for three months now in various western metros. The national CSI and the purchase only FHFA …
Ventera’s Internship Program Is Back and Better Than Ever!
When Covid first appeared in 2020, it turned nearly everything within the business community upside down. Among the impacted practices were internships; many companies saw their programs halted entirely or shifted online in a last-minute attempt to salvage an opportunity for college students and up-and-coming business professionals. Two years later, Ventera is delighted to announce that we have returned to …