JAN 8, 2014 4:26pm ET

MIAC Buys Mortgage Delivery Specialists

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The Mortgage Industry Advisory Corp., New York, has acquired Mortgage Delivery Specialists LLC for an undisclosed consideration.

MIAC named MDS principal Kent Loehrke a managing director as a result of the acquisition.

MIAC has hired the entirety of the agency delivery specialistís existing team and plans to allow the company to continue to operate in an audited facility it has in Pewaukee, Wis.

MDS will incorporate MIACís DataRaptor and other technology into its current offerings, Loehrke said in a joint press release issued by the two companies Wednesday.

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