Lender Processing Services Inc. (LPS), recently spun off from Fidelity National Information Services Inc., has acquired McDash Analytics, which provides access to the industry's largest loan-level database of mortgage assets for the purpose of benchmarking and analysis.
This strategic acquisition complements the LPS portfolio of data and analytics offerings, enabling the company to provide comprehensive data and decisioning solutions through a single provider via a variety of convenient delivery methods, LPS says.
With the acquisition of McDash, LPS now offers access to loan-level data for more than 39 million active first and second mortgage loans, including portfolios serviced by nine of the top 10 mortgage servicers in the nation. The data represent approximately two-thirds of the mortgage market and span the entire credit spectrum of agency, non-agency and portfolio products. According to the company, access to LPS' complete loan-level data will give mortgage industry professionals a greater level of analytic flexibility, while minimizing the need to interpolate benchmarking results.
Source: Lender Processing Services