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Since acquiring the Lending Solutions business in May 2008, MDA companies DataQuick(R) and MindBox(R) have already joined forces to enhance MDA's ePolicy(TM) automated decisioning platform and have recently begun collaboration on several joint offerings that leverage MDA's core competencies of property data, analytics and technology. "The expansion of MDA Lending Solutions shows MDA's commitment to the U.S. Information Products business." stated Mike Dealy, President of MDA Lending Solutions. "By combining the capability of these three organizations into one unified team, MDA is better positioned to quickly bring to market the innovative process solutions that our customers need to succeed against the challenges of this volatile market."
As a combined company, MDA Lending Solutions will continue to provide essential information solutions to its diverse customer base in the lending, real estate and title industries. The organization will be headquartered in Wilmington, DE.
About MDA
MacDonald, Dettwiler and Associates, LTD (MDA) provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of earth and space based information solutions, ranging from complex operational systems, to tailored information services, to electronic information products. More information about MDA is available at the company's Web site: www.mda.ca.
MDA employs more than 3,300 people in locations across the United States, the United Kingdom, and Canada. The Company's common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA
About MDA Lending Solutions, Inc.
MDA Lending Solutions provides advanced information solutions that improve the decision making and operational performance of customers by driving time, cost and risk out of real estate lending transactions. The company offerings include MDA DataQuick(R), MDA MindBox(R) and traditional settlement services, such as collateral valuation, title and property search, flood compliance, residential credit and closing/settlement products. MDA DataQuick(R) offers a wide range of information including property history and characteristics, sales and loan information, market valuation, as well as neighborhood information. MDA MindBox(R) is a leading provider of advanced decisioning solutions featuring automated rules-based decisioning technology that optimizes customer interactions and streamlines back-end workflow and business operations for the mortgage lending community. The combined company is headquartered in Wilmington, Delaware.
Related Websites:
www.mdacorporation.com
www.mdasolutions.com
www.dataquick.com
www.mindbox.com
SOURCE: MacDonald, Dettwiler and Associates Ltd.
MDA Lending Solutions Rich Kuegler, 302-433-8014 rkuegler@mdasolutions.com
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