Mortgage Industry Advisory Corp., New York, is like a best-kept secret. These guys are basically a group of rocket scientists nestled in the heart of the financial district in downtown Manhattan. At the recent MBA convention, the company announced that it would be launching a new web portal, but that's just part of this story.
MIAC has been sending out an e-mail newsletter as a primary method of staying in touch with its many clients throughout the industry. People who know how to read the numbers love it, but it hasn't offered a lot of analysis in the past. That's a shame because this company employs some of the brightest people in the industry.
Expect that to change within the next few months and watch the new website for more content that helps players better utilize the powerful tools the company makes available for all parts of the mortgage business. It looks like I'll get to help write some of those stories and I'm really looking forward to it.
MIAC was founded in 1989 by Wall Street veterans Bob Husted and Paul Van Valkenburg to provide whole loan and MSR hedge advisory and valuation services to the mortgage industry. Since then, the company's services have evolved to include valuation, accounting and risk management services, secondary solutions and strategic asset sales for nearly all mortgage asset classes.