RICHMOND, BC, Oct. 6 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA.TO), a provider of essential information solutions, announced today that MDA Lending Solutions has signed a contract with a leading US mortgage lender to provide them with a comprehensive property information search solution as part of the customer's lending process. MDA Lending Solutions is the first of only two national providers selected to integrate into the customer's loan origination workflow.
The contract is part of the lender's plan to transition from multiple independent vendors not integrated in the workflow, to two information partners who are integrated. As a key partner in this process, MDA Lending Solutions is leveraging its resources and technology to increase loan origination productivity.
Mike Dealy, president of MDA Lending Solutions stated, 'The award of this new business helps to reaffirm our strategy to integrate our data and information solutions directly into the customer's workflow in order to provide our customer with a cost effective solution to their property information needs.'
About MDA
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 information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
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.
Related Websites:
www.mdacorporation.com
www.mdasolutions.com
Forward-Looking Statements
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This release contains forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and MDA's actual results of operations could differ materially from historical results or current expectations. Additional information on these and other potential factors that could affect MDA's financial results are detailed in documents filed from time to time with the applicable Canadian securities regulatory authorities.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
ContactsWendy Keyzer MDA External Relations
(604) 231-2743
wendy@mdacorporation.com
