SharperLending Partners with MDA Lending Solutions® and ValuationLogic to Offer Appraisal Reviews in Appraisal Firewall
WILMINGTON, Del.--(BUSINESS WIRE)--Spokane, WA-based mortgage technology provider SharperLending LLC, provider of appraisal and settlement services technology solutions, has expanded its Appraisal Firewall technology product to offer automated appraisal reviews through a partnership with MDA Lending Solutions® and ValuationLogic. Lenders can now run each appraisal through a rule set that performs a detailed check for errors and takes a matter of seconds to complete. This helps lenders make faster underwriting decisions and increases loan production...

May 6, 2010

Has Profitability Returned?
Perspectives by John Walsh, President, MDA DataQuick
The question may seem absurd…has profitability returned to the mortgage industry? But the answer is very real and what we all want to hear…YES! Profitability did return to residential origination mid 2009, according to MDA DataQuick’s home sales data and feedback from some mortgage bankers, regional lenders, credit unions, national lenders...

April 26, 2010

MDA MindBox Enhances its Risk Management Technology Platform
Los Angeles-based MDA MindBox, a division of MDA Lending Solutions® that provides advanced-decisioning solutions to the mortgage lending industry, recently announced an update to ARTAdvisor, its automated portfolio review tool...

March 25, 2010

Managing the Appraisal Process
While I generally frown on profiling humans, I learned in engineering school that some comparisons between people can be genuinely useful.

For instance, what was your favorite building toy as a child? You’ll find that folks who enjoyed Lincoln Logs generally prefer ready-made solutions more than someone who enjoyed Legos or K’nex. Future engineers, I found, were the only class of human to really enjoy erector sets. Now that I’ve learned about mortgage lenders, I wonder if many executives working in our space were also closet erectors.

March 01, 2010

MDA Lending Solutions® maintained total production capacity during historic storm
When a severe snowstorm in February forced the state of Delaware to shut down, MDA Lending Solutions® implemented its emergency business continuity plan to ensure that lenders nationwide would still have access to the real estate settlement services and collateral valuation services needed to continue business. Despite a State of Emergency, including a driving ban that prevented anyone from physically getting to the building, MDA Lending Solutions®’ central processing center in Wilmington, Del. maintained full functionality and operated at nearly 100 percent capacity. All functions of the business were operated in a virtual environment, including answering customer service calls, fulfilling orders, and managing the supply chain on behalf of clients.

February 02, 2010