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The CATC originated in 2004 in response to a growth of misinformation and a general lack of awareness regarding these technologies, their strengths, weaknesses, proper evaluation and appropriate use.
An original goal of the CATC is to establish best practices and testing standards for automated collateral assessment tools. In its first session in San Diego, Darius Bozorgi of Veros, announced that this remains a key goal of the CATC, with continued efforts being undertaken to bring these practices and standards to the public. The CATC is working closely with the users of these products, specifically large banking and mortgage lending institutions, to fine tune these before releasing...
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