Eknath Belbase has worked in a number of roles over the years at Andrew Davidson & Co., Inc. (AD&Co). He has focused on consulting projects involving risk management, hedging, interest rate and credit analytics and risk-based capital and leads Business Development. He started the internal model validation practice at AD&Co in 2012. As the Mortgage Strategist and Climate Impact Lead at AD&Co for the last couple of years, Eknath has focused on developing the Climate Impact Suite, which bridges the gap between the output of climate models which can now produce property level forecast and the inputs of mortgage models for house price and borrower behavior. The climate impact suite can produce mortgage analytics which take account of climate risks. He re-joined the firm in 2010 after 6 years at Freddie Mac.

At Freddie, he worked in SS&TG, the broker dealer within Freddie, as a mortgage strategist and head of the modeling team, developing prepayment models, extensive time series of securities and derivative prices and a variety of rich/cheap analyses, and authored approximately 50 mortgage strategy and prepayment articles sent to over 200 buy-side clients. He also worked in research for the retained portfolio and subsequently led a team of portfolio managers and analysts as head of non-prime portfolio management, which conducted Freddie Mac’s operations within the areas of non-prime whole loans, subordinate bonds, CDS and MI. Some of this team’s foundational work formed the basis for the initial CRT (credit-risk transfer) securitizations.

Prior to Freddie, Eknath worked at E*Trade Bank & Fannie Mae developing and executing optimal interest-rate hedging strategies. Eknath began his career at AD&Co, where he worked from 1998-2002 on a range of behavioral modeling and financial engineering projects.

Eknath holds a PhD in Mathematics (Probability Theory) and an MS in Statistics from Cornell University (1998) and a BA in Mathematics and Computer Science from Ohio Wesleyan University (1992).