Jonathan Glowacki is a principal and consulting actuary in the Milwaukee office of Milliman. He has been with the firm since 2009. Jonathan leads a team of data scientists and developers to provide powerful information and analysis to the mortgage industry through Milliman M-PIRe. Milliman M-PIRe is a cloud-based software that provides a complete end-to-end solution for clients to evaluate direct mortgage investments, credit risk transfer, private mortgage insurance, and insurance-linked notes. The tool includes the necessary data, models, and cash flow structures to evaluate individual transactions and quickly aggregate a portfolio of exposures.
In addition to this work, Jonathan provides subject matter expertise to mortgage market participants on topics ranging from mortgage repurchase risk to mortgage portfolio valuations.
Jonathan has assisted in mortgage servicing valuations, construction of models, and process optimization for mortgage servicing companies. In addition, Jonathan has served as the internal actuary to the Federal Housing Administration and performs a variety of policy analyses and cash flow projections for the FHA. This includes evaluating FHA’s loss mitigation framework and providing quantitative estimates on the impact of changes to servicing guidelines and loss mitigation efforts on borrower performance.
Jonathan has also managed developing and implement customized applications for clients to maximize profit using data and advanced statistical techniques. He and his team are proficient in working with and analyzing complex data and in building econometric models that are transparent, intuitive, and informative for clients. Examples of projects managed by Jonathan include:
In addition to consulting positions, Jonathan worked with enterprise risk management and asset-liability management tools at a large multinational reinsurance company. He also worked on financial reinsurance transactions, cash flow management, and other areas of risk analysis.
Jonathan has authored many essays and articles on numerous topics, including mortgage credit risk modeling and reform, model validation, reverse mortgages, and others, for organizations such as the Professional Risk Managers’ International Association (PRMIA) and the U.S. Treasury.
Examples of Jonathan’s publications include the following: