The ALEXSYS mortgage pool allocation system

Author

Stolfo, Salvatore J. ; Chan, Philip K. ; Woodbury, Leland ; Glazier, Jason ; Ohsie, David

Author_Institution

Dept. of Comput. Sci., Columbia Univ., New York, NY, USA

fYear

1991

fDate

9-11 Oct 1991

Firstpage

79

Lastpage

84

Abstract

Various approaches are given for the allocation of mortgage pools, a combinatorial optimization problem, faced by financial institutions that trade in mortgage-backed securities. The authors review the problem, describe and compare the approaches taken to solve it, and demonstrate how this work motivates further research and the development of a high-level parallel rule language that uses meta-rules for reduction of conflicting (or less profitable) instantiations

Keywords

expert systems; mortgage processing; optimisation; parallel languages; securities trading; ALEXSYS mortgage pool allocation system; combinatorial optimization problem; financial institutions; high-level parallel rule language; meta-rules; mortgage pools; mortgage-backed securities; Annealing; Artificial intelligence; Collaboration; Collaborative work; Computer science; Data security; Greedy algorithms; Loans and mortgages; Personnel; Tail;

fLanguage

English

Publisher

ieee

Conference_Titel

Artificial Intelligence Applications on Wall Street, 1991. Proceedings., First International Conference on

Conference_Location

New York, NY

Print_ISBN

0-8186-2240-7

Type

conf

DOI

10.1109/AIAWS.1991.236569

Filename

236569