McDonald Computer Corp. has unveiled a system for servicers still scrambling to meet last-minute year-2000 standards.

The company said last week that its conversion system would let servicers become compliant in 45 days.

Many small and midsize servicers have been unable to meet compliance deadlines, and they may have to sell their portfolios to larger servicers that have met year-2000 standards.

Guidelines set by the Mortgage Bankers Association and other industry authorities state that institutions relying on service providers for mission-critical systems must complete testing by March 31. u

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