Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that its U.S. business, MDA Lending Solutions, has launched ARTAdvisor™, a new addition to its suite of Automated Reasoning Tools (ART) and decisioning solutions.
MDA Lending Solutions has released the product to help lenders and servicers better manage the risks and opportunities created by the market turmoil. ARTAdvisor™ combines comprehensive credit analysis with sophisticated collateral analysis to identify risky loans and to propose optimal resolutions ranging from government sponsored programs such as FHA Hope for Homeowners to lender-specific loan modifications.
The proprietary decisioning solution provides risk management intelligence at both ends of the servicing timeline, from early risk management through to loss mitigation. The rules-based solution incorporates a number of proven loan workout strategies and is highly configurable to incorporate specific lender/servicer risk models and loss mitigation strategies. The solution can be deployed in a batch mode used for processing portfolios or transactionally to analyze individual loans on a loan by loan basis.
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.
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.