RICHMOND, BC, Oct. 6 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
(TSX: MDA), 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
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
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
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
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.
For further information:
For further information: Wendy Keyzer, MDA External Relations, (604)