MDA Lending Solutions Speeds Portfolio Evaluation

WILMINGTON, Del.--(BUSINESS WIRE)--MDA Lending Solutions, a provider of settlement services and advanced information solutions, today announced an upgrade to its suite of Collateral Valuation Solutions with the addition of the Collateral Risk Management (CRM) Platform. The CRM Platform helps lenders more quickly value entire real estate loan portfolios in order to better manage collateral risk throughout the loan life cycle.

In contrast to standard automated valuation model (AVM) delivery channels, which can take anywhere from five to 60 seconds per AVM, MDA Lending Solutions’ CRM Platform can process more than 20,000 AVM values per second. The CRM Platform can value MDA Lending Solution’s entire U.S. national property database in a few hours, a task that previously required several days and sometimes weeks with current AVM technology.

“AVMs have been increasingly relied upon by lenders as fast, effective collateral assessment tools for loan origination. This technology offers the lender the ability to keep the values of residential properties marked to market in a very efficient way,” said Bill Sullivan, senior vice president of Sales for MDA Lending Solutions. “The speed of the CRM Platform enables lenders to generate home values on demand using real-time data and up-to-date home price indices instead of relying on the months-old information widely used today.”

MDA Lending Solutions’ CRM Platform currently supports the company’s Collateral Market Value AVM application and is capable of integrating with both traditional valuation products and other MDA information solutions. The platform can be placed at a lender’s site or fully integration into the customer’s various loan servicing systems. Designed for bulk licensing of AVM information for underwriting, servicing, marketing and analytics, the CRM Platform enables lenders to share the cost across their enterprise and to provide information in an accurate and timely manner.

“As regulators continue to require stricter, objective valuation processes, lenders need fast, accurate tools,” Sullivan said. “MDA’s CRM Platform enables lenders to access the most up-to-date property information at speeds previously unavailable, opening the door for better, faster decisions in support of originations, refinances, servicing and selling of loans.”

About MDA Lending Solutions, Inc.

Wilmington, Del.-based MDA Lending Solutions provides advanced information solutions that can improve the decision making and operational performance of customers by reducing the time, cost and risks involved in real estate transactions. The company offerings include MDA DataQuick®, MDA MindBox® and traditional settlement services, such as collateral valuation, title and property search, flood compliance, residential credit and closing/settlement products. For more information, visit www.mdasolutions.com or call (888) 299-8787.

MDA DataQuick® offers a wide range of information including property history and characteristics, sales and loan information, market valuation and neighborhood information. For more information, visit www.dataquick.com or call (888) 604-DATA.

MDA MindBox® 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. For more information, visit www.mindbox.com or call (877) 650-MIND.