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.