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 ofMortgage 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 division of MIAC”, and will continue to operate in their SSAE16-audited facility in Pewaukee, Wisconsin.
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