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Level1Analytics Partners With Mortgage Bankers Association to Re-design Popular Software
August 15, 2014, Yardley, PA – Level1Analytics™, a leading financial modeling software company, has been selected by The Mortgage Bankers Association (MBA), a national association representing the real estate finance industry, to re-design the MBA’s School of Mortgage Banking simulation model software. This software is used to train mortgage banking executives and managers in the complex dynamics of mortgage banking including best execution decisions. The updated software will be cloud-based and will more accurately reflect the actual interplay between often conflicting drivers of success in this industry.
The MBA’s School of Mortgage Banking series includes three, four-day courses. The rigorous program created in 2005 includes two traditional classroom style courses and a capstone course that is interactive and discussion-based. This capstone course focuses on strategy and centers around a simulation that replicates the experience of running a mortgage lending operation over a period of eight quarters. During each quarter, participants are asked to make real world decisions concerning staffing (loan officers and back-office), distribution channels, hedging, product offerings and pricing, compensation, investments in technology and marketing, reserves for losses and a myriad of other decisions that mortgage executives face daily. Changing economic and regulatory scenarios over the simulation period adds realism to the exercise and often result in interesting and surprising financial results.
"We were pleased with Level1Analytics' software design capabilities and are confident it will improve the MBA’s capacity to provide cutting-edge software to our students,” said Jeff Schummer, MBA Vice President of Education.
Level1Analytics will use their modeling software expertise to redesign the existing software. The focus will be on cloud enabling software, allowing easier access to the program. “We are working towards allowing the software to have infinite flexibility for future development and be relatable to current dynamics in the industry for MBA’s classroom students,” said Dr. Thomas Healy, CMB, President of Level1Analytics.
Level1Analytics recently received the 2014 “Tech All-Star” Award from MBA for its award-winning software.
For more information about the MBA’s School of Mortgage Banking series, visit and to learn more about Level1Analytics, visit Level1Analytics.com.
Level1Analytics, headquartered in Yardley, PA is a joint venture between the Sextant Group and Intraprise Solutions. Level1Analytics provides financial modeling software to the mortgage lending industry. The company develops cloud-based software technology that allows financial institutions to value their mortgage portfolios and mortgage based assets in an easy, accurate, defensible, economical and transparent way. For more information go to www.level1analytics.com.
The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site: www.mba.org.