Recent Acquisition of MDS Enhances MIAC’s Valuation Services
NEW YORK, NY- Mortgage Industry Advisory Corporation (MIAC), the leader in mortgage valuation, risk management, and banking and mortgage industry software solutions, has announced the acquisition of Mortgage Delivery Specialists LLC (MDS), the premier provider of Agency delivery services.
MIAC Principal, Paul Van Valkenburg, commented: “Among many natural synergies, through this business combination, MDS will provide supplementary loan performance data analysis which will support the MIAC Borrower Analytics team.”
“We are very excited to join the MIAC team. We feel our customers will greatly benefit from the additional products that we can now offer them through MIAC”, said Kent Loehrke, former Principal of MDS and now a Managing Director with MIAC. “We will be incorporating MIAC’s technology, such as DataRaptor®, into our existing process, which will enhance our current offerings.”
MIAC Principal, Bob Husted, noted: “The expertise contributed by MDS will significantly enhance the mortgage servicing and whole loan valuations that MIAC provides currently for over 300 customers. The commitment formed from this relationship will ultimately provide tremendous added value to MIAC and MDS clients.”
MDS’s existing team will stay intact operating under the name “Mortgage Delivery Specialists, a MIAC company”, and will continue to operate in their SSAE16-audited facility in Pewaukee, Wisconsin.
About Mortgage Industry Advisory Corporation (MIAC)
MIAC has been a preferred destination for sophisticated mortgage participants for over 25 years, offering third-party mortgage asset pricing services, secondary market hedge advisory solutions, as well as residual pricing in the securitized and structured finance markets.
MIAC Analytics™ is the most sophisticated and market accepted mortgage pricing and risk management software system commercially available. The MIAC analytics software suite now includes MIAC|ALM, an asset-liability, which applies MIAC’s behavioral models at the loan level. Running the analytical spectrum from loan origination to balance sheet risk management through to pricing illiquid subordinate CMOs, MIAC Analytics™ is the integrated and comprehensive analytical solution for mortgage originators, servicing hedgers and mortgage portfolio managers.
No other analytical software provides the SOX compliance, validated pricing models, integrated risk management and comprehensive GAAP accounting solutions that MIAC Analytics provides today. MIAC Analytics™ fully supports accounting and regulatory compliance including FAS 140, FAS 156, FAS 157, FAS 159, FAS 167 and SEC SAB 109.
About Mortgage Delivery Specialists (MDS)
Mortgage Delivery Specialists LLC (MDS) is the premier provider of mortgage loan analysis and Agency securitization delivery services. MDS leaders have over 70 years of combined experience in assisting mortgage lenders with their mortgage loan delivery and servicing analysis needs.
MIAC Contact:Steve Harris
Phone: (212) 233-1250 x212
MDS Contact:Kent Loehrke
Phone: (262) 746-9212
MIAC Media Contacts
Yahaira Rosa | 212-233-1250 or Yahaira.Rosa@miacanalytics.com
Jessica Fiorenza | 212-233-1250 or Jessica.Fiorenza@miacanalytics.com