MIAC’s Cofounders Robert N. Husted and Paul Van Valkenburg sat down to reflect on the last 30 years.
“They say that history repeats itself and hindsight is 20/20, but I believe there was a unique combination of events that occurred around the time we founded MIAC and shortly thereafter that helped provide the foundation for our success. These included the establishment of the Basel I risk-based capital standards and the seismic asset reintermediation brought about by the Savings and Loan Crisis and the passage of FIRREA.”
“I think that the factors Bob mentioned, and the need to develop our own technology, were critical reasons for demanding as much out of our own software as our most demanding clients.”
“We didn’t envision it at the time, but increased consumer sophistication, market volatility, and technology innovations would set the stage for the refi boom of the early 1990s and soon launch us into MSR valuation and risk management technology.”
“Since our founding, our business has always been pretty much divided between providing software solutions and services built by utilizing our own MIAC Analytics software suite. It may work for some companies to be strictly focused on just software or services but having a balance between the two has always made us a unique and dynamic company.”
“For Paul and me, it is not a cliché to say that we wouldn’t be where we are today without our amazingly talented people, and our clients, whose diverse needs constantly help to push us forward.”
“Now, we really need to decide on that name…”
“We’ll get to it…”
We are honored to serve such wonderful clients over the last 30 years. We thank you for your belief in us, our values and our vision. We credit this milestone to the contributions made by our employees. It is only because of the enthusiasm, support, and dedication of this team that has brought us to this height. Every one of you is critical to our success. Thanks to our vendor partners; we appreciate your continued partnership – our future is bright.
Thank you for a special 30 years.