WILMINGTON, Del.--(Business Wire)--
MacDonald, Dettwiler and Associates Ltd. (MDA), is announcing the
integration of two of its U.S. businesses into the MDA Lending
Solutions organization. MDA companies DataQuick(R) and MindBox(R) will
now be part of a combined organization that delivers advanced
information solutions to financial services institutions in the U.S.
The consolidated organization brings together extensive property data,
state of the art analytics resources and the full range of traditional
real estate products all under one organization.
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
MDA Lending Solutions
Rich Kuegler, 302-433-8014
rkuegler@mdasolutions.com
Copyright Business Wire 2008
