SUMMIT APPOINTS DR. EDWARD SEILER, A FORMER DIRECTOR OF ECONOMICS AT FANNIE MAE, ITS DIRECTOR OF MORTGAGE FINANCE

March 10, 2014 (Washington, D.C.) – Summit, a Washington, D.C.-based provider of sophisticated data analysis and related services to Federal Government agencies as well as private sector clients, announces today that it has named Dr. Edward Seiler the firm’s Director of Mortgage Finance.

Prior to joining Summit, he served as Director of Economics at mortgage finance company Fannie Mae, where Dr. Seiler worked for a decade. While at Washington-based Fannie Mae, he was responsible for managing the development of analytical models used to guide business decisions at the firm’s National Servicing Organization.

Dr. Seiler’s recent projects have included developing servicer performance scorecards, estimating the economic benefits of transferring non-performing loans to high-touch servicers, and building specialized loss forecast models for disaster affected loans.

At Summit, he will lead the company’s Mortgage Finance Directorate, which specializes in quantitative risk-assessment techniques applied in evaluating and scoring risk in large mortgage portfolios to aid in loss estimation, provisioning for losses, and mitigation.

Dr. Seiler has lectured graduate-level econometrics at Johns Hopkins University and published several peer-reviewed articles. Previously, he was employed as a manager at Bates White, an economics consulting firm, and as a post-doctoral fellow at The Hebrew University of Jerusalem.

Dr. Seiler earned his Ph.D. in economics from The University of Chicago, where he was a Fulbright Scholar. Dr. Seiler also received his M.S. and B.S. degrees in agricultural economics and management from The Hebrew University of Jerusalem.

“We are extremely excited that Eddie has come on board at Summit to spearhead the expansion of our Mortgage Finance Directorate,” says company Principal Anthony Curcio. “He has an extensive amount of mortgage finance-related experience, and our entire team looks forward to working with Edward to meet our clients’ needs and exceed their expectations.”


About Summit:

Founded in 2003, Summit is a Washington, D.C.-based specialized analytics-advisory firm that guides Federal agencies, financial institutions, and litigators as they decode their most complex analytical challenges. Summit’s staff of Economists, Econometricians, and Research Scientists use quantitative techniques to assist our clients as they score and model risk, evaluate program performance, forecast cash flows, and estimate economic damage. At Summit, we solve complex analytical challenges with unparalleled customer service and extensive client collaboration. The solutions are complete only when they are understood by our clients and solve their problems. Summit’s Principals, Academics, and Research Scientists are recognized experts in their fields, and they are capable of leading large and small solution teams. Summit: complexity simplified. For more information, please visit www.summitllc.us.