MDMC Professionals Form Mortgage Delivery Specialists

Mortgage Delivery Specialists LLC (MDS) has acquired Mortgage Data Management Corp.'s (MDMC) agency delivery, servicing analysis and staffing services product lines, the company announced Tuesday.

MDS' principal, Kent Loehrke, will be joined by current MDMC employees Jason Eisendrath and Paul Raebel, who will serve as senior portfolio analysts. Doug Lackey, principal of MDMC, will act as MDS' managing director and will assist clients during the transition process.

MDS was formed to focus on its core competencies of securitization, agency delivery, servicing analysis and staffing services, the company says. MDMC, with 18 years in the mortgage industry, specialized in mortgage loan due diligence review services and agency delivery services. In June 2009, MDMC sold its due diligence operations unit to Opus Capital Markets LLC.

MDS says its facilities and systems have been developed and implemented in accordance with ISO/IEC 27001:2005, and control activities and objectives are in place to accommodate a 2010 SAS 70 Type II audit.

SOURCE: Mortgage Delivery Specialists


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