Our Company

Kenneth A. Bjurstrom

Principal, Financial Consultant
Brookfield, WI, US

Tel: +1 262 7963325

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  • BS, Economics, University of Wisconsin–Madison
  • MBA, University of Wisconsin–Milwaukee
  • MS, Predictive Analytics-Northwestern University (est. 2018)

Current Responsibility

Ken is a principal with the Milwaukee office of Milliman and joined the firm in 1998. He manages a practice dedicated to analyzing the financial risks associated with issuing and servicing mortgages, mortgage guaranty insurance, and mortgage credit risk transfer.


Ken’s area of expertise is in advising mortgage banks, domestic and international mortgage insurers and reinsurers, and governments on managing mortgage credit risk. He has consulted and implemented solutions involving pricing, credit risk transfer, loan loss reserving, portfolio risk management, loan performance modeling and validation and housing policy. He has also served as the lead consultant on many of the firm’s assignments involving front and back-end credit risk transfer (CRT), lender transactions, deeper coverage mortgage insurance, and reverse mortgages.

Prior to joining Milliman, Ken held management positions at several mortgage insurance companies and one of the nation’s largest mortgage originators, where he specialized in risk management, loss modeling, product development, mortgage scoring, mortgage reinsurance, and negotiating structured transactions.

Another of Ken’s areas of expertise is information technologies. He has extensive experience assisting bank clients in implementing strategic technologies such as data warehousing, predictive analytics, business intelligence, decision systems, and asset-liability management.

Presentations and Publications

Ken has authored numerous essays and articles on topics that include mortgage insurance, reinsurance, reverse mortgages, mortgage credit risk transfer, and capital modeling. He has spoken on these and other topics at many leading industry meetings, including the Mortgage Bankers Association, the American Bankers Insurance Association, the National Reverse Mortgage Loan Association.

Examples of Ken’s publications include the following:

  • Analysis of Deep Coverage Mortgage Insurance, U.S. Mortgage Insurers, October 15, 2015
  • U.S. Department of Housing and Urban Development (HUD) Federal Housing Administration (FHA), Actuarial Review of FHA’s Mutual Mortgage Insurance Fund for Forward Loans (Excluding HECM), December 11, 2013
  • Mortgage Insurance, Comparing Private Sector and Government-Subsidized Approaches, Testimony Before the Subcommittee on Housing and Insurance, United States House of Representatives, March 13, 2013
  • Mortgage Cohort Credit Loss Analysis as of September 2010, U.S. Treasury, April 1, 2011.


  • Member, Mortgage Bankers Association
  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman