Company Filing History:
Years Active: 2022-2023
Title: Innovations by Mike Smale: Patents and Collaborations in Mortgage Risk Pricing
Introduction: Mike Smale is an innovative inventor based in Washington, DC, known for his contributions to mortgage-backed security pricing systems. With two patents to his name, Smale's work focuses on enhancing the mechanisms for pricing administration and calculation in the financial sector.
Latest Patents: Smale's latest invention is a Central Risk Pricing System and Method. This tool is designed as a pricing administration and calculation system that integrates user interface logic, pricing administration logic, and pricing calculation logic. It generates display screens that allow external users to input credit guarantee pricing and terms for mortgage-backed security (MBS) loan commitments. Specifically tailored for individual sellers, the system enables the specification of credit guarantee prices on a detailed basis across different mortgage products and time periods. Moreover, the system includes committing logic for entering MBS loan commitments, tailoring options for sellers to navigate the complexities of these financial products.
Career Highlights: Mike Smale is currently affiliated with Fannie Mae, a major player in the mortgage sector. His innovative contributions have carved a niche in financial technology, particularly in risk pricing for mortgage backed securities. His patents reflect the convergence of technology and finance, aimed at making processes more efficient and user-friendly.
Collaborations: Throughout his career, Smale has collaborated with notable colleagues such as Roger Blum and Joaqina Washington. These partnerships enhance the collaborative spirit of innovation within Fannie Mae, driving advancements in mortgage risk management.
Conclusion: Mike Smale continues to be a force for innovation in the financial industry. His patents in central risk pricing systems exemplify the critical intersection of technology and finance, aimed at improving the efficiency of mortgage-backed securities transactions. As he works alongside his colleagues, the future looks promising for continued enhancements in this niche of the financial sector.