Cashcall Mortgage needed an analyst. Mainly two skills were required. Those were
a) SAS knowledge
b)Modeling – building loan delinquency models
An ad was placed specifying these two requirements.
Our senior modeler had a friend who had somehow completed her M.S. in statistics recently. She didn’t have either the SAS or model building experience.
Many people were interviewed.
Finally, the senior modeler’s friend was hired.