Home / News / Technology / MDA DataQuick Services Tapped by Top Financial Institutions
Print This Post Print This Post

MDA DataQuick Services Tapped by Top Financial Institutions

San Diego-based ""MDA DataQuick"":http://www.dataquick.com/, a division of ""MDA Lending Solutions"":http://www.mdasolutions.com/ and an independent provider of[IMAGE]

property data to real estate and mortgage professionals, recently announced that it has secured more than $2.6 million in contracts with four of the top 10 financial institutions in the United States.

""MDA DataQuick is the only independent provider of nationwide real property data and has developed solutions that are relevant to today's unique business challenges,""

[COLUMN_BREAK]

said John Walsh, president of MDA DataQuick. ""Our continued growth demonstrates that our risk management and analytic solutions resonate in the mortgage industry despite a real estate market hard-hit by a volatile economic climate.""

The new clients include a New York-based global financial services company, a financial holding company out of the Bay Area, a real estate analytics and valuation firm, and a U.S. consumer lending group of banks. The company said it will provide a combination of data, analytics, and technology tailored to each financial institution's specific business needs.

These financial institutions will leverage MDA DataQuick for home price and pre-payment risk modeling, loan performance, foreclosure default trends, collateral valuation and risk analysis, loan validation, mark to market, and loss reserves calculations.

""Our success has been a direct result of MDA DataQuick's ability to provide real gains for our customers by helping them analyze and manage risk, limit costs, and make sound business decisions,"" Walsh said.

About Author: Brittany Dunn

x

Check Also

Leveraging Machine Learning for Better Default Decisions

The potential for artificial intelligence to drive industry innovation isn’t limited to the origination sector. Editor’s note: This feature originally appeared in the April issue of DS News

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.