Mortgage Industry Advisory Corp. announces purchase of MDS
Mortgage Industry Advisory Corp. (MIAC) — a firm that offers third-party asset pricing services and secondary market hedging solutions — announced its purchase of Mortgage Delivery Specialists LLC (MDS) this week.
"Among many natural synergies, through this business combination, MDS will provide supplementary loan performance data analysis which will support the MIAC borrower analytics team," said Kent Loehrke, former principal of MDS and now a managing director with MIAC.
MIAC currently provides servicing and whole loan valuations for more than 300 customers — a situation that will be enhanced by MDS’s operations.
The MDS team – which provides mortgage analysis and agency securitization delivery services – will be able to keep its existing team intact, and will run under the name "Mortgage Delivery Services, a MIAC company."