News Roundup


MIAC Launches New Corporate Portal

For the past 17 years, Mortgage Industry Advisory Corporation (MIAC), New York, has been found on the Web at www.MIACAnalytics.com. Recently, MIAC released 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.

“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 Paul 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.”


MIAC Named Leading Pricing Service by The Bond Market Association and the American Securitization Forum

MIAC’s leadership in Secondary and Residual Pricing noted.

Mortgage Industry Advisory Corporation (MIAC), New York, has been identified in “An Analysis and Description of Pricing and Information Sources in the Securitized and Structured Finance Markets” as a leading provider of Secondary and Residual Pricing in the Securitized and Structured Finance markets. The Bond Market Association’s MBS and Securitized Products Division and the American Securitization Forum jointly undertook a research project to understand and describe pricing and information sources and offer insights and observations of a general nature into the price discovery and valuation process. The 128-page study covered the entire range of structured and securitized product sectors. A copy is available online at www.MIACAnalytics.com.


MIAC Passes SAS70 Testing…Again

According to a recent report prepared by Grant Thornton, MIAC has successfully passed its SAS 70 Report on Controls Placed in Operation and Test of Operating Effectiveness for the period April 1, 2006 through September 30, 2006.

According to Grant Thornton: “In our opinion, the accompanying description of the aforementioned system of controls presents fairly, in all material respects, the relevant aspects of MIAC’s controls that has been placed in operation as of September 30, 2006. Also, in our opinion, the controls, as described, are suitably designed to provide reasonable assurance that the specified control objectives would be achieved if the described controls were complied with satisfactorily and Client organizations applied the controls contemplated in the design of MIAC’s controls.”

The 67-page report is available to current customers upon request.


MIAC Expands its New NYC Offices

For many years, Mortgage Industry Advisory Corporation (MIAC) clients have found the company at 55 John Street in Manhattan’s downtown financial district. While staying in the downtown district, the company has just completed its move into new quarters at nearby 80 Maiden Lane. “It’s been a big job moving our 40 employees and all our equipment to the new offices, but it will be well worth it,” said MIAC principal Robert Husted. “We’ll have a new software training laboratory, a state-of-the-art conference center and all the technical facilities required for a fully-redundant, on-site data center. In addition, we’ve used the move to successful test our Business Continuity Plan.”