MIAC Launches New Corporate Portal
NEW YORK, October 23, 2006—For the past 17 years, Mortgage Industry Advisory Corporation (MIAC), New York, has been found on the Web at
www.servicing.com.
Today, MIAC launches a new site at an address that more accurately
depicts the breadth of its offerings. The new website can be found
online at
www.MIACAnalytics.com.
MIAC
was founded in 1989 by Wall Street veterans Bob Husted and Paul Van
Valkenburg to provide whole loan and MSR hedge advisory and valuation
services to the mortgage industry. Since then, the company’s services
have evolved to include Valuation, Accounting and Risk Management
Services, Secondary Solutions and Strategic Asset Sales for nearly all
mortgage asset classes.
“People have
come to think of MIAC as just a servicing-related company, which makes
sense because that’s where we started,” said MIAC Principal’s Van
Valkenburg. “The scope of our products and services has broadened such
that it no longer makes sense for us to position ourselves solely on
the servicing side of the business. In fact, we now have large number
of clients using our software, brokerage and advisory services for
secondary solutions, residual interest valuation and risk management
and in all areas of the mortgage company balance sheet.”
Nestled
in the New York City’s financial district, MIAC serves as an outsourced
project manager for 150 financial institutions across the country. Over
the past few years, company executives have witnessed the industry
adapt to increased pipeline risk and more complicated financial
reporting requirements. As the firm developed new analytical tools to
meets its customers’ changing needs, MIAC found its business base
growing.
Today, MIAC offers best
execution pricing and risk management for new loan originations,
particularly Alt-A and subprime products, valuations of illiquid CMO
securities, FAS 155, 156 and 140 implementation solutions, complex
interest rate derivative pricing utilizing an industry leading 3-Factor
HJM Libor Market Model term structure model and complex retrospective
and prospective attribution analysis utilizing distributed processing
solutions.
The company’s software products include
WinOAS>™, the industry standard MSR and whole loan pricing tool; the
MarketShield>™pipeline risk management solution;
DataRaptor®
loan level auditing, viewing, pooling and reporting software; an
Accounting & Tax tool used by mortgage bankers for MSR accounting,
hedge accounting and more; and
MIAC-ALM/VAST>™the
most advanced mortgage bank asset/liability model in the industry. MIAC
remains an industry leading hedging advisory firm and is often called
upon to broker sales of many types of mortgage asset.
“We’re
in a rather unique position in the industry now,” said Van Valkenburg.
“Because of the analytical tools we’ve developed—and that our Capital
Markets group uses these tools every day—we’re the only company that
can provide this broad scope of mortgage pricing and risk management
solutions.”
About Mortgage Industry Advisory Company (MIAC)
Founded in 1989, MIAC has been at the forefront of providing the most
sophisticated portfolio and risk management solutions to the mortgage
industry for all types of mortgage assets. Its clients include 9 of the
top 10 mortgage servicers and over 150 other financial services
industry firms, including banks, thrifts, credit unions, FHLBs and Wall
Street dealers. The company’s proprietary software is used in pricing,
hedging and accounting for over $4 trillion in mortgage assets each
month. MIAC is a registered SEC Investment Advisor. For more
information, visit www.
MIACAnalytics.com.
|
Bob Husted
|
Paul
Van Valkenburg
|
www.MIACAnalytics.com
80 Maiden Lane
14th Floor, Suite 1401
New York, NY 10038
For Additional Information please contact: