DataSynapse Teams with Hanover

DataSynapse, a provider of self-managed, grid computing software, and HanoverTrade have unveiled an integrated, grid-enabling version of the Hanover/Busch Analytics portfolio valuation technology. The companies said that one large financial institution has already deployed the joint offering.

The companies said that the integration will permit calculations to be done more quickly, valuing portfolios of up to five million loans daily.

Peter Lee, CEO of DataSynapse, described Hanover/Busch Analytics as a market leader for mortgage valuations.

"We are delighted to work with HanoverTrade to meet the needs of one of the leading mortgage servicing institutions in the country," Mr. Lee said.

Irma Tavares, president of HanoverTrade, said that the partnership demonstrates her firm's ability to meet increasingly complex client requirements in a timely manner.

Copyright 2003 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.mortgageservicingnews.com

Next in News ►