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May
18, 2010
MDS Contact: Kent Loehrke
Phone: (262) 746-9212
E-mail: kent.loehrke@mortgagedelivery.com
Indecomm - MDI Contact: Janis L. Ulsch
Phone: (703) 760-7642 X235
E-mail: julsch@indecomm.net
MDS and IMDI Enter into Strategic Alliance
Mortgage Delivery
Specialists LLC (MDS), the premier provider of Fannie Mae, Freddie
Mac and Ginnie Mae Mortgage Delivery Services and Mortgage
Servicing Rights (MSR) Acquisition Due Diligence Analysis Services and Indecomm-Mortgage
Dynamics Inc. (IMDI), an Indecomm Global Services (IGS) Company and
one of America's leading mortgage banking management consulting and
outsource services firms, announced today that they have formed a
strategic alliance. IMDI will immediately begin incorporating the use
of MDS' mortgage servicing
analysis product into its comprehensive suite of mortgage servicing
solutions.
"This alliance has been many years in the
making," said MDS principal, Kent Loehrke. "The MDS
team has worked with IMDI personnel on a variety of projects over the
years and the relationship has continued to grow through Indecomm's
purchase of IMDI."
MDS' mortgage servicing
analysis product evaluates mortgage data points for errors,
inconsistencies and other identifiers that may signal data and/or
process issues. It allows a due diligence team to focus on the
most critical areas of a loan portfolio, servicing portfolio or
operational review. "We have seen many new, non-traditional buyers
of mortgage servicing rights entering the market recently that do not
have the necessary in-house expertise to conduct a full scale servicing
operational due diligence review when purchasing bulk mortgage
servicing rights (MSRs). We feel the alliance addresses this
need," said Loehrke.
IMDI conducts a variety of lender reviews including
assessing mortgage servicing operations to determine whether the
servicer meets industry standards in protecting the value of the
loans. Its servicing operation due diligence review covers all
functional areas of the servicing operation including customer service,
payoffs and assumptions, cashiering, investor reporting, default
administration, servicing sales and transfers, and escrow areas
(mortgage insurance, hazard and optional insurance and taxes).
"Utilizing MDS' analysis product, we are able to
strengthen our ability to perform our servicing operation reviews and
identify potential problem loans requiring correction or special
servicing requirements within a client's organization," said Jan
Ulsch, Senior Vice President of Indecomm - Mortgage Dynamics, Indecomm
Global Services. "Mortgage portfolio data is analyzed with the MDS
product providing us with summary and loan level reports that help us to
perform file selections and identify potential problem areas before
conducting any on-site due diligence work."
Added Loehrke, "Together we offer the best team of
servicing operations review experts equipped with the best analysis
tools for identifying data and process issues - a true value-added
proposition for mortgage servicers seeking to improve their operations
or for clients acquiring mortgage loans, mortgage servicing rights or
whole operations. We are very excited to be working together."
ABOUT MORTGAGE DELIVERY SPECIALISTS (MDS)
Mortgage Delivery Specialists LLC (MDS) was formed from
a select group of industry professionals specializing in mortgage loan
analysis and Agency securitization delivery services. Team
leaders have over 70 years of combined experience in assisting mortgage
lenders with their mortgage loan delivery and servicing analysis
needs. The entire MDS team previously worked together at Mortgage Data
Management Corporation (MDMC) until MDS was formed in January of
2010.
ABOUT INDECOMM-MORTGAGE DYNAMICS INC. (IMDI)
Indecomm-Mortgage Dynamics Inc. (IMDI) has been
providing consulting services to the mortgage industry since
1987. Its full line of services include business planning,
litigation support, merger & acquisition services, process
reengineering and outsourcing solutions.
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