JACKSON, Fla. – Lender Processing Services, spun off from Fidelity National Information Services just two weeks ago, yesterday said it has agreed to acquire McDash Analytics, which provides access to the industry's largest database of mortgage loans, for the purpose of benchmarking and analysis.
The deal complements the LPS portfolio of data and analytics offerings, enabling the company to provide comprehensive data and decision making solutions through a single provider – via a variety of delivery methods.
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 represents approximately two-thirds of the mortgage market and spans the entire credit spectrum of agency, non-agency and portfolio products. 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.
