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July 30, 2009

Understanding PMLS and Managing Engineering Providers

By Joseph Derhake, PE

Published in California Mortgage Finance News

In a land plagued by earthquakes, lenders seek to protect their portfolio from seismic collapse and the mortgage brokers must overcome one more hurdle to fund a deal. Lenders interested in understanding the seismic risk to their collateral require Probable Maximum Loss (PML) reports as explained in this article.

About the Authors

Joseph Derhake, PE

Chief Executive Officer

Joe Derhake, PE, serves as CEO of Partner Engineering and Science, a global environmental, engineering, and energy consulting firm. A registered Professional Engineer for over 25 years, Mr. Derhake has touched thousands of commercial real estate projects, from development and transactional due diligence to site remediation, asset optimization, ESG initiatives and more. His clientele includes many of the world’s largest lenders, real estate investors, and corporations. Mr. Derhake is a registered civil engineer in multiple states. He holds a bachelors degree in civil engineering from Michigan State University and Masters in Business Administration from University of Southern California.

Get in Touch

Joseph Derhake, PE
(800) 419-4923
[email protected]

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