Vadim Verkhoglyad, CFA dv01

Vadim Verkhoglyad is the Vice President, Head of Research Publication at dv01. His LinkedIn is here. He has over 16 years of experience across structured credit, finance, and technology, and has an extensive background in data and performance analysis, research, and capital markets. He kickstarted his career as an analyst at Fitch Ratings and then transitioned to hedge fund Tricadia Capital, where he rose from systems analyst to senior vice president over his 12-year tenureHe has worked at dv01 for over five years, and regularly produces in-depth research on dv01 and industry data on asset classes including consumer unsecured, mortgage, student loan, auto and credit cardsThese reports are available here, and Vadim also breaks down actionable insight from these reports on dv01's podcast In the Tranches of Structured Financedv01dv01 is a leading capital markets fintech company driving technological innovation and loan-level transparency and loan-level lending data in structured finance. Founded in 2014, the company was acquired by the Fitch Group in 2021It has over 230 million loans, 1,200 securitizations, and $6 trillion in original balance across the consumer unsecured, mortgage, auto, student loan, point of sale, home efficiency and small business asset classes.dv01 was born out of the founder's frustration at the lack of transparency as a mortgage bond trader at Bear Stearns & JPM. Data was scarce, technology was outdated.dv01 addresses the challenges by providing analysis-ready data (i.e., clean data) AND embedded analytics (reducing the vendor subscriptions a firm needs), ultimately streamlining their workflowdv01 works with both issuers and investors and the company brings a wealth of knowledge to alternative investment firms.Topics / Questions that Vadim and I discussed on this episode:Overall picture of consumer balance sheets, and what performance is like for various asset classes The financial health of the American householdsLoan performance trends (delinquencies, modifications, prepayments) and highlights of certain segments (regions, DTI, FICO ranges)Impact of student loan repayments and broader consumer debt (credit card)Discussion of the financial health in Florida in particular where insurance costs have soared recentlyOrigination trendsHow credit underwriting has impacted origination volumeEconomic health of different generationsWhy Gen Zs' debt management is different to previous generations and why they are in a stronger relative position than MillenialsWhy consumer ABS is poised for a strong yearWhy media reports that subprime auto could be the next credit crisis are potentially inaccurate